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Information & Chat => Investment & Business Discussion => Topic started by: Manny on August 12, 2015, 01:17:15 AM

Title: De-Dollarisation.
Post by: Manny on August 12, 2015, 01:17:15 AM
The penny is starting to drop even with Kerry.


I wrote an article recently on de-dollarisation that can be read here in English (http://russia-insider.com/en/two-price-one-de-dollarise-and-reduce-american-hegemony/ri8678) and here in Russian (http://russia-insider.com/ru/two-price-one-de-dollarise-and-reduce-american-hegemony/ri8751).
Title: Re: De-Dollarisation.
Post by: Markje on August 12, 2015, 01:25:29 AM
Rick Falkvinge (Political Pirate party leader sweden) also had a nice blog item about this:

https://falkvinge.net/2015/01/17/putins-unreported-genius-on-ukraine-currency-warfare/
Title: Re: De-Dollarisation.
Post by: Steveboy on August 12, 2015, 06:17:33 AM
Next year you will no longer be able to pay using $ on any of my sites, I also want to contribute to De-Dollarisation  tiphat
Title: Re: De-Dollarisation.
Post by: Manny on August 12, 2015, 06:44:59 AM
Next year you will no longer be able to pay using $ on any of my sites, I also want to contribute to De-Dollarisation  tiphat

I still take them, but make sure to get out of them fast. I am slowly getting the Chinese I deal with out of the habit of using them.

Wifey went to Russia recently, she took some ££'s to change of course, a few Euros to spend in Germany en route, and I said, "Do you want this couple of hundred dollars in my drawer too?". She said, "Be serious".  :ROFL:

The kids enjoy them in collages though......

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: cufflinks on August 12, 2015, 10:01:09 AM
I hope you lot invest the same way you spout of such Anti Americanism you will get wiped out - My investment advisory newsletters all look at Global Trading opportunities since the USA now generates more than 50% of its global economic activity internationally:

Warning: Global Recession Now Imminent

By Dennis Slothower
Editor, Stealth Stocks Daily Alert

Stocks were absolutely smashed on Tuesday after China’s devalued its currency, signaling a growing concern of slow growth from one of the world’s biggest importers of raw materials. After moving sharply higher Monday, stocks completely reversed to the downside on Tuesday.
The major indexes climbed a bit off their worst levels going into the close but remained firmly in negative territory. The Dow tumbled 212 points (-1.2%) to 17,402, the Nasdaq plummeted 65 points (-1.3%) to 5,037 and the S&P 500 fell 20 points (-1.0%) to 2,084. The NYSE finished at -0.95% and the small cap Russell 2000 at -0.94%.
In overseas trading, stock markets across the Asia-Pacific region moved to the downside –Japan's Nikkei 225 Index fell by 0.4 percent, while Hong Kong's Hang Seng Index edged down by 0.1 percent.
The major European markets saw greater weakness. While the U.K.'s FTSE 100 Index dropped by 1.1 percent, the French CAC 40 Index plunged by 1.9 percent and the German DAX Index plummeted by 2.7 percent.

The sell-off came on the heels of news of the People's Bank of China's surprise move to devalue its currency. The bank set the value of the currency, known as the yuan or renminbi, at 6.2298 versus the U.S. dollar, 1.85 percent lower than Monday's official fixing rate.

The move raised concerns about the Chinese economy as well as the possibility that it could start a currency war.

China’s Dangerous Currency Decision
Following weak export and import data from China over the weekend, the communist nation once again sought to control its own currency by devaluing it in order to prop up its slowing economy. The Yuan posted its biggest one-day loss in two decades.

This set off a chain reaction of events.
1. It makes it more difficult for Janet Yellen and crew to raise interest rates in September now that China just cheapen its currencies and goods. Raising U.S. interest rates would strengthen the dollar and make our goods even less competitive. As a consequence, US government bonds rallied sharply Tuesday on the notion the government isn’t likely raise interest rates.
2. Crude oil prices fell to a six year low on the growing global weakness if China has to devaluate its currency like this.
3. This should set off a currency war as other countries seek to protect its markets. China could devalue its currency further.
4. It doesn’t bode well for U.S. companies that sell goods to the Chinese.
5. It argues that a global recession is imminent.

The Atlanta GDPNow model recently projects that lower inventory investment will subtract 1.7 percentage points from third quarter real GDP growth. There is a key reason why there is a lower inventory investment and that is because inventories are soaring to recessionary levels!

Goods are backing up. The key point to remember is that building inventories are subtracted from the GDP and we are now at similar levels as we saw in the recession of 2008 and 2000.
China sees a recession coming as well and may well be sacrificing something it has keenly wanted for a very long time – for the Yuan to be part of the IMF special drawing rights, “SPR” when this decision comes due in the fall.
One of the reasons why China was rejected in 2010 was its currency was not widely held by the world’s central banks because of their constant manipulating and devaluing of their currency. If you’re a central bank who wants to hold an unstable currency that is constantly being devaluated.

Tuesday’s devaluation hardly argues that China’s currency is stable. Perhaps China has given up on the idea the IMF will grant its currency SPR, with the U.S. having veto powers. On the other hand, U.S., Japan and Euro zone have all been devaluing their currencies over the last few years, as well.

Will IMF ruling crush U.S. dollar? (Expected Oct 20th)
Currency Expert: Watch what happens to U.S. Dollar after big announcement from the International Monetary Fund rumored for Oct. 20th. This announcement could start a domino effect, that will basically determine who in America gets rich in the years to come... and who struggles. This story is likely to explode in the months to come and initiate a transfer of wealth, unlike anything we've seen in more than three decades...

Get all the facts about this announcement – including the surprising country behind it all – right here.

Now we see a possible reason why President Obama set up the Pacific Rim trade agreement – to stop having to be so dependent on trading with China. Let’s give the jobs to illegal immigrants coming to America rather giving jobs to enrich China.

This devaluation helped to boost the U.S. dollar and it sent crude oil prices down sharply by $1.88 to close at $43.08 and making an intraday low of $42.69. Oil should find support at the winter lows at $42.03. This is key test. If we breach this support, next support levels are back down to the lows of December 2008 at $32 a barrel.

WTF $32 a barrel oil what does that do to Russia's 5 and 10 year economic plans - with Oil the Chinese Stock market and Yuan collapsing the Chinese reneged on a $25 Billion USD payment to Russia to kick off their $400 Billion pipelines and oil and natgaz fields joint exploration projects.  So that's it for Putin's pivot towards the east.  Putin's Grand Master status on the Global Geopolitical chessboard of life is now seriously in doubt.  Can you say MEGAlomaniac FAIL?

Once again, the investment bankers kept the S&P 500 index above its 200-day moving average defending this support level while they can, while the broad market is clearly breaking down through key long-term supports.
Title: Re: De-Dollarisation.
Post by: Manny on August 12, 2015, 11:35:45 AM
It isn't "anti-American" to point out the damage the US and the dollar have done to the world. Or why your economy needs continual war to stay afloat. Or to discuss why the world must de-dollarise (http://russia-insider.com/en/two-price-one-de-dollarise-and-reduce-american-hegemony/ri8678).

I'm sure Andrew can explain this better than me Cuffy, but my understanding is that China choosing to devalue their currency also brings down the dollar.

Also, as they don't borrow externally, and have so much less exposure as their own currency isn't yet as widely used abroad (which is rapidly changing), it doesn't really hurt them. It simply makes their exports more competitive.

A reduced oil price means the shale operations in the US go bankrupt. Which will hit the economy there, along with all those previously exported dollars coming home to roost.

Remember, China and Russia are de-dollarising. Add to that Iran. India, South Africa, Kazakhstan (http://en.tengrinews.kz/finance/National-Bank-of-Kazakhstan-readies-de-dollarization-plan-259353/) and today Kyrgyzstan (https://twitter.com/RussianEmbassy/status/631421175030247424). Heck, even Nigeria is de-dollarising (http://www.bloomberg.com/news/articles/2014-01-28/nigeria-central-bank-to-shift-reserves-into-yuan-from-dollars).

I'd vote Trump if I were you. Let a businessman run the country so you can once again make stuff and export it instead of just printing money, selling each other services and starting wars. If you did that, you wouldn't need to try to rule the world with the dollar and your continual wars. Try exporting something other than death and dollars.
Title: Re: De-Dollarisation.
Post by: shakespear on August 12, 2015, 01:00:28 PM
A reduced oil price means the shale operations in the US go bankrupt. Which will hit the economy there, along with all those previously exported dollars coming home to roost.

They won't go bankrupt.  The wells will be capped and production will wind down, but the asset will still be there waiting to be harvested when the world prices rise again. 







Title: Re: De-Dollarisation.
Post by: Manny on August 12, 2015, 01:27:30 PM
A reduced oil price means the shale operations in the US go bankrupt. Which will hit the economy there, along with all those previously exported dollars coming home to roost.

They won't go bankrupt.  The wells will be capped and production will wind down, but the asset will still be there waiting to be harvested when the world prices rise again.

Doesn't it cost money to mothball a project like that? Which impacts machinery and equipment suppliers. And men must be laid off, which impacts not only them, but all the businesses down the line that feed the workers with products and services. The very mechanism that allows money to flow down the chain through business and families. Stop the money flow and it affects many. The US manipulating the oil price down to hurt Russia, as with sanctions in the EU, actually hurts the instigator just as much.

Own goal.
Title: Re: De-Dollarisation.
Post by: andrewfi on August 12, 2015, 01:37:50 PM
Yes, it is not as easy as some unknowing thought leaders have propagandised.
Loans need to be serviced from cash flows (there are no profits in most cases).
Drilling sites have leases that can not be walked away from.
Large numbers of trained and skilled staff are now being 'deactivated' many will be lost if there is an uptick but even if they can be reactivated there will be a lag between uptick and their productive deployment.
There are technical issues with closing wells down.
The industry is an ecosystem with dependent parts; closure will be at least a semi-permanent choice. Bearing in mind that the 'boom' /bubble only existed due to the availability of almost cost free capital where will that capital come from when risk is correctly priced in a normal interest rate environment?
If capital is not available at a price the market will bear who will reemploy the workers, hire the equipment, renegotiate the leases, reopen the wells?
Title: Re: De-Dollarisation.
Post by: shakespear on August 12, 2015, 01:58:45 PM
Doesn't it cost money to mothball a project like that? Which impacts machinery and equipment suppliers. And men must be laid off, which impacts not only them, but all the businesses down the line that feed the workers with products and services. The very mechanism that allows money to flow down the chain through business and families. Stop the money flow and it affects many. The US manipulating the oil price down to hurt Russia, as with sanctions in the EU, actually hurts the instigator just as much.

True that. 

Obama doesn't like the shale oil industry very much so he looks at it as "killing two birds with one stone".

As the owner of a shale lease myself (on the old family farm) their are contingencies put in place for such marketing changes.  The leases and up front payments are calculated to benefit the oil companies.  If the lease expires the owner can renew it again for a very small payment.   
Title: Re: De-Dollarisation.
Post by: shakespear on August 12, 2015, 02:03:40 PM
Are you people smokin' something good?

Exactly WHICH currency is going to replace the dollar?

The Ruble?  Bwhahahahahahahahahaha

The Yuan?  Just devalued

The Euro?  Greece, Italy, Spain and Portugal would love that.

The Pound?  Britiannia no longer rules the waves. 

Sorry all you America-Hating chappies out there - the Dollar is here to stay. 
Title: Re: De-Dollarisation.
Post by: Markje on August 12, 2015, 02:12:34 PM
Are you people smokin' something good?

Exactly WHICH currency is going to replace the dollar?

The Ruble?  Bwhahahahahahahahahaha

The Yuan?  Just devalued

The Euro?  Greece, Italy, Spain and Portugal would love that.

The Pound?  Britiannia no longer rules the waves. 

Sorry all you America-Hating chappies out there - the Dollar is here to stay.
Why does it need to be replaced. What if people simply want to trade in their own currency.

Gas/Oil from Russia -> Rouble
Gas/Oil from China -> Yuan,
etc.
Title: Re: De-Dollarisation.
Post by: shakespear on August 12, 2015, 02:26:08 PM

Gas/Oil from Russia -> Rouble
Gas/Oil from China -> Yuan,
etc.

American businesses prefer to reduce the cost of doing business by not having to hedge against currency fluctuation risk in each transaction. 
Title: Re: De-Dollarisation.
Post by: andrewfi on August 12, 2015, 02:28:24 PM
Shakespeare, I had always taken you for one who knows a little more than the (untrue) 'fact' that a 'strong' currency is better than a 'weak' one. The punctuation is purposeful.

As I'd have expected you to know pressure for replacement of the dollar is not for a single currency - you may have been misled by your thought leaders in this regard. China and Russia, among others, have suggested the use of a basket system that would not enable a single currency issue to game the system as the United States is still doing.

As the counterparty to these devaluation is always the US that currency is forced to appreciate. The US has tried devaluation but without success. The effects upon the US of an appreciating currency unsupported by economic growth is the situation you now see and deplore in the US.

As one who is most certainly not an American hater but one who understands the implications of a declining USA I most certainly do not want to see the end game resultant from a 'no change' policy on the part of your leaders.

Oh, and Mark is right. Bilateral trading agreements exclude the dollar and are becoming easier to implement as technology increases the speed and transparency of transactions. However they are probably a stepping-stone toward the goal of a non-hegemonic currency without transaction costs benefiting none of the trading parties.
Title: Re: De-Dollarisation.
Post by: Markje on August 12, 2015, 02:43:30 PM

Gas/Oil from Russia -> Rouble
Gas/Oil from China -> Yuan,
etc.

American businesses prefer to reduce the cost of doing business by not having to hedge against currency fluctuation risk in each transaction.
And Russian and Chinese et.al. business prefer exactly the same. When they will be strong enough to push other currency in their business contracts, it will be the point of no return for the dollar.

For me personally, I hope this doesnt happen before I am financially independent from working hard.

Mark.
Title: Re: De-Dollarisation.
Post by: shakespear on August 12, 2015, 02:45:35 PM

Oh, and Mark is right. Bilateral trading agreements exclude the dollar and are becoming easier to implement as technology increases the speed and transparency of transactions. However they are probably a stepping-stone toward the goal of a non-hegemonic currency without transaction costs benefiting none of the trading parties.

We've already got that -

Called a "bitcoin"
Title: Re: De-Dollarisation.
Post by: Ste on August 12, 2015, 02:54:32 PM
Sorry fellas, interesting takes but I work in World Banking and Payments and have done for a while and the Dollar is still King and will be for the foreseeable.

I'd like to see another currency in the mix, the Euro is second best but the Rouble and Yuan, don't make me laugh, honestly it's risible, Zimbabwean Dollar has more chance or perhaps the Matabeleland Gumbo Bean....





Title: Re: De-Dollarisation.
Post by: shakespear on August 12, 2015, 03:14:38 PM
Zimbabwean Dollar has more chance

Isn't that the currency that uses a $10,000,000 note for daily grocery shopping?
Title: Re: De-Dollarisation.
Post by: Ste on August 12, 2015, 03:15:33 PM
Zimbabwean Dollar has more chance

Isn't that the currency that uses a $10,000,000 note for daily grocery shopping?

No, you mean the Rouble.......

Hehe..
Title: Re: De-Dollarisation.
Post by: Manny on August 12, 2015, 03:37:34 PM
Why does it need to be replaced. What if people simply want to trade in their own currency.

Gas/Oil from Russia -> Rouble
Gas/Oil from China -> Yuan,
etc.

^^ This.

We did this in Europe already before the Euro. It worked alright. Yes, it was a *little* more inconvenient to buy Guilders for Holland, two different types of Francs for France and Belgium, Kroons in Estonia and Deutschmarks in Germany, but we all got along and made money. Never was the dollar useful in Europe (except in the mid to late 90's in eastern Europe and the Baltics - but they would take Zloty, roubles or anything that could be spent someplace then).

What Americans probably don't get about Europe, or the EU bit, is that the dollar isn't something of value here. Its just another foreign currency among hundreds. Like a Russian rouble or a Polish Zloty, one must go into a bank to exchange it for something that can be used locally.

Was anyone in London or Manchester in the 80's or 90's when American tourists would stand at store tills, looking amazed that nobody wanted their dollars, or took Diners Club? Seriously, they used to stand in stores in major British cities and want to pay in dollars. They were about as useful here as South African Rand or Lithuanian Lita.

Nothing changed........

I went to China last year, I read some crap online and took some dollars (as I had some). People just laughed and pointed me toward a bank. I still have them...... the same ones my wife refused to take to Russia. She reminded me on the phone today that the dollars *came* from Russia in the first place, as her Dad got them in a deal and didn't want to get stitched up in a bank, so he gave them to her as we used to visit the US then, so he thought they may be more use to us.
Title: Re: De-Dollarisation.
Post by: Texan77 on August 12, 2015, 05:16:28 PM
It isn't "anti-American" to point out the damage the US and the dollar have done to the world. Or why your economy needs continual war to stay afloat. Or to discuss why the world must de-dollarise (http://russia-insider.com/en/two-price-one-de-dollarise-and-reduce-american-hegemony/ri8678).

I'm sure Andrew can explain this better than me Cuffy, but my understanding is that China choosing to devalue their currency also brings down the dollar.

Also, as they don't borrow externally, and have so much less exposure as their own currency isn't yet as widely used abroad (which is rapidly changing), it doesn't really hurt them. It simply makes their exports more competitive.

A reduced oil price means the shale operations in the US go bankrupt. Which will hit the economy there, along with all those previously exported dollars coming home to roost.

Remember, China and Russia are de-dollarising. Add to that Iran. India, South Africa, Kazakhstan (http://en.tengrinews.kz/finance/National-Bank-of-Kazakhstan-readies-de-dollarization-plan-259353/) and today Kyrgyzstan (https://twitter.com/RussianEmbassy/status/631421175030247424). Heck, even Nigeria is de-dollarising (http://www.bloomberg.com/news/articles/2014-01-28/nigeria-central-bank-to-shift-reserves-into-yuan-from-dollars).

I'd vote Trump if I were you. Let a businessman run the country so you can once again make stuff and export it instead of just printing money, selling each other services and starting wars. If you did that, you wouldn't need to try to rule the world with the dollar and your continual wars. Try exporting something other than death and dollars.

Trump want to sanction China not let many if any Chinese import into America. When he is president I think you will really love him.

He want to pull out of Europe and let you blots pay for you own defense. I know if sound great now but wait until you see what it will do to European economy.   

If the Yuan goes down the dollar goes up the dollar goes up. There is not another way. The US is concern that China lower Yuan means our export will cost more than Chinese exports in other countries. That is why the concern about the Yuan drop. China is bleeding money and really did not have much choice. China is exporting 8 plus per cent less this year than last year. We were going to think about raising interest rates from nearly zero percent to .25% but now it would send our dollar way to high.

China's currency problem makes it currency less usable as a reserve currency. This is how you know they really have to let the Yuan drop because they are in trouble.

The lower Yuan also means trouble for the euro zone. The Euro zone already down maybe down more as the Euro and British pound  has also risen against the Yuan making euro export more expensive.

De dollarization is really simple. China and Russia no long can afford dollars. Both countries are going broke.

Nearly all of Asia is having trouble with their economies because of the decline in China. This devaluation by China will make it worse for these other countries. 

WE are slowly going into a global recession and China and Russia is where it is starting and likely to spread to the rest of the planet.

Shoot! I can not easily spend dollars even in the Ukraine. It does not mean the country does not want my dollars but it is just not the currency in which local business is done in. I really hate it when I travel there and somebody want to be paid in dollars because I am sure I am being ripped off. Here when people want to pay me in Canadian dollars that is a problem also. Because  have to go to a bank and exchange and pay a commission. Nothing wrong with there money just not easy for me to spend.

In the Ukraine, US Dollars, Rubles and Euros are all easy to exchange.

Why in the world would you go to China with US dollars? Why not Euros? You could change dollars at an exchange to Yuan or you could exchange Euro just as easy.

By the way the Russian currency has performed about as bad as the Ukrainian currency over the last 12 months.
 
Reduction in oil prices causes our economy to do better. The shell oil business is a short term business. The wells only produce for about one year then they have to drill a new one. It is a business that has a very fast payout. Drilling in this area has slowed down and most wells have either paid or not by now. Anybody who still has a lot of active well only has themselves to blame. Lower oil prices is what is keeping the USA economy going for now.



 
Title: Re: De-Dollarisation.
Post by: B.B. on August 12, 2015, 10:03:16 PM
I'm always amused, here, by the Johnny One Notes who believe their own biases and tell each other ghost stories around the campfire...

The Arabs could, of course, denominate oil in Euros or other currencies, including creating an oil-backed Dinar, one supposes, although they are not likely to do so.   

I'm sure Andrew can explain this better than me Cuffy, but my understanding is that China choosing to devalue their currency also brings down the dollar.

Not really.  The devaluation of the RMB actually weakens it against the dollar (although this has the effect of making US imports to China more expensive, in relative terms, and exports to the US from China less expensive).  It's that latter one that China was after, as they are going to have a bumpy ride with their economy in the coming months. 

China is focused on not becoming the next Japan....and they may be too late.  They are going to have something of a pension crisis and a health care crisis and a collapse of their real estate markets as their population declines over the next few years.  The drop after 2025 is going to be precipitous.

I would expect the dollar to rise as the Fed is expected to raise interest rates (depending on Yellen's view of the strength of the US economy (which ain't like it was, but is still better than most places are at the moment) and in particular, jobs) and the Euro nearly went down the EUrinal over Greece (Which is merely a rounding error to the US). 

Also, as they don't borrow externally, and have so much less exposure as their own currency isn't yet as widely used abroad (which is rapidly changing), it doesn't really hurt them. It simply makes their exports more competitive.

Yes, well, the RMB is actually, on any given day the 6th-9th most traded currency, but so long as China maintains capital controls on it (i.e. the foreseeable future) it's not going to become a reserve currency.  I realize how much you dislike the dollar, as an extension of your dislike for American foreign policy, however the dollar ain't goin' anywhere anytime soon.

I fondly recall the introduction of the Euro, and how the French, in particular pissed all over themselves at the prospect of dethroning the dollar as the world's primary reserve currency and....well, not much has changed. 

 :coffeeread:

B/B

Title: Re: De-Dollarisation.
Post by: msmoby on August 13, 2015, 02:12:08 AM
BB doesn't post so often, but agree or not - his posts always make me smile.

To our cousins across the pond - please do not think the [derogatory term removed]'s of this world speak for anything like the majority of Europeans

If one opens a bank account in Russia, you are offered a Dollar and Euro account..... I though that spoke volumes  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Steveboy on August 13, 2015, 06:42:24 AM
What is more important is the fact that history goes round in circles and EVERY empire eventually comes to and end and has done for thousands of years :)

So it really doesn't matter about the $ because sometime in the future the US empire will also come to and end. I prey it will not go on as long as the Roman empire :laugh:

The sooner the better tiphat
Title: Re: De-Dollarisation.
Post by: Texan77 on August 13, 2015, 09:18:31 AM
When Rome fell the whole planet went in to the dark ages for about a thousand years. Humans lived with very much less. Be careful what you wish for as you may get it. We are I believe on the verge of a world wide recession that could get much worse it there is some type of war or if the momentary system falls.

You guy across the pond read and believe everything anti American you read.  The picture you paint for yourself is much worse that what is real. When the system is replaced it is likely to be much less kind than what you now enjoy. 
Title: Re: De-Dollarisation.
Post by: Steveboy on August 13, 2015, 10:48:13 AM
When Rome fell the whole planet went in to the dark ages for about a thousand years. Humans lived with very much less. Be careful what you wish for as you may get it. We are I believe on the verge of a world wide recession that could get much worse it there is some type of war or if the momentary system falls.

You guy across the pond read and believe everything anti American you read.  The picture you paint for yourself is much worse that what is real. When the system is replaced it is likely to be much less kind than what you now enjoy.

The world never came to an end when the British Empire came to an end? Life goes as it has for thousands of years, history tells us that. So I will not loose any sleep about the fact that one day the same fate will await the US.
Every empire comes to an end. Or is anyone here so stupid they think they can re-write history and the US empire is here for eternity  :laugh:

Title: Re: De-Dollarisation.
Post by: Texan77 on August 13, 2015, 11:43:25 AM
The British Empire has never truly ended yet it just part of it moved west to British off spring in the America's and part move east to Europe and still with the same race and cultural of people, which let you be in the top one percent earnings of the world. This is why there was not great lost. This time it will be lost of the European people's empire as wealth will move away from European people and their off spring in America. Go ahead and hate all the advances you have in life they are not likely to last so you will not mind losing them.

Read below about the great new empire that is likely to that will one day take over.
http://www.msn.com/en-us/news/world/isis-enshrines-a-theology-of-rape/ar-BBlHDWR?ocid=U218DHP


Title: Re: De-Dollarisation.
Post by: Steveboy on August 13, 2015, 12:02:24 PM
The British Empire has never truly ended yet it just part of it moved west to British off spring in the America's and part move east to Europe and still with the same race and cultural of people, which let you be in the top one percent earnings of the world. This is why there was not great lost. This time it will be lost of the European people's empire as wealth will move away from European people and their off spring in America. Go ahead and hate all the advances you have in life they are not likely to last so you will not mind losing them.

Read below about the great new empire that is likely to that will one day take over.
http://www.msn.com/en-us/news/world/isis-enshrines-a-theology-of-rape/ar-BBlHDWR?ocid=U218DHP

Yes thats going to be the next Empire for sure. They do not really even need to fight for it. Just migrate to Europe and breed like rabbits , thirty years time "Job done"
Sterilisation maybe an answer to that :smokin:
Title: Re: De-Dollarisation.
Post by: Anteros on August 13, 2015, 04:36:12 PM
When Rome fell the whole planet went in to the dark ages for about a thousand years. Humans lived with very much less. Be careful what you wish for as you may get it. We are I believe on the verge of a world wide recession that could get much worse it there is some type of war or if the momentary system falls.

You guy across the pond read and believe everything anti American you read.  The picture you paint for yourself is much worse that what is real. When the system is replaced it is likely to be much less kind than what you now enjoy.

The world never came to an end when the British Empire came to an end? Life goes as it has for thousands of years, history tells us that. So I will not loose any sleep about the fact that one day the same fate will await the US.
Every empire comes to an end. Or is anyone here so stupid they think they can re-write history and the US empire is here for eternity  :laugh:

The US empire will not end in your lifetime, so go ahead and keep dreaming your sad and delusional "dreams".   :laugh:
Title: Re: De-Dollarisation.
Post by: Anteros on August 13, 2015, 04:39:42 PM
I'm always amused, here, by the Johnny One Notes who believe their own biases and tell each other ghost stories around the campfire...

The Arabs could, of course, denominate oil in Euros or other currencies, including creating an oil-backed Dinar, one supposes, although they are not likely to do so.   

I'm sure Andrew can explain this better than me Cuffy, but my understanding is that China choosing to devalue their currency also brings down the dollar.

Not really.  The devaluation of the RMB actually weakens it against the dollar (although this has the effect of making US imports to China more expensive, in relative terms, and exports to the US from China less expensive).  It's that latter one that China was after, as they are going to have a bumpy ride with their economy in the coming months. 

China is focused on not becoming the next Japan....and they may be too late.  They are going to have something of a pension crisis and a health care crisis and a collapse of their real estate markets as their population declines over the next few years.  The drop after 2025 is going to be precipitous.

I would expect the dollar to rise as the Fed is expected to raise interest rates (depending on Yellen's view of the strength of the US economy (which ain't like it was, but is still better than most places are at the moment) and in particular, jobs) and the Euro nearly went down the EUrinal over Greece (Which is merely a rounding error to the US). 

Also, as they don't borrow externally, and have so much less exposure as their own currency isn't yet as widely used abroad (which is rapidly changing), it doesn't really hurt them. It simply makes their exports more competitive.

Yes, well, the RMB is actually, on any given day the 6th-9th most traded currency, but so long as China maintains capital controls on it (i.e. the foreseeable future) it's not going to become a reserve currency.  I realize how much you dislike the dollar, as an extension of your dislike for American foreign policy, however the dollar ain't goin' anywhere anytime soon.

I fondly recall the introduction of the Euro, and how the French, in particular pissed all over themselves at the prospect of dethroning the dollar as the world's primary reserve currency and....well, not much has changed. 

 :coffeeread:

B/B

Succinct and on the money as usual, and in this case much to the chagrin of the [derogatory term removed]'s of this forum, that would be US money.   :thumbsup:  tiphat  :ROFL:
Title: Re: De-Dollarisation.
Post by: Manny on August 13, 2015, 05:09:07 PM
The US empire will not end in your lifetime,

I disagree, I think we hear the fat lady singing.
Title: Re: De-Dollarisation.
Post by: Texan77 on August 13, 2015, 05:16:32 PM
The US empire will not end in your lifetime,

I disagree, I think we hear the fat lady singing.

When the Euro-American empire ends you will not likely like you new life style.
Title: Re: De-Dollarisation.
Post by: Steveboy on August 13, 2015, 05:28:12 PM
The US empire will not end in your lifetime,

I disagree, I think we hear the fat lady singing.

When the Euro-American empire ends you will not likely like you new life style.

Are you drunk! Europe doesn't need the US! Us realises this thats why they need to keep some wars/trouble going on in the area. Can you imagine if all the European/Asian continent just managed to get on together as partners.
Who needs all the wild Bill Hitchcock's from the US, go down South America and shoot that lot… oh you already did that :laugh:

Good bye Uncle Sam and good riddance..
Title: Re: De-Dollarisation.
Post by: Steveboy on August 13, 2015, 05:38:03 PM
When Rome fell the whole planet went in to the dark ages for about a thousand years. Humans lived with very much less. Be careful what you wish for as you may get it. We are I believe on the verge of a world wide recession that could get much worse it there is some type of war or if the momentary system falls.

You guy across the pond read and believe everything anti American you read.  The picture you paint for yourself is much worse that what is real. When the system is replaced it is likely to be much less kind than what you now enjoy.

The world never came to an end when the British Empire came to an end? Life goes as it has for thousands of years, history tells us that. So I will not loose any sleep about the fact that one day the same fate will await the US.
Every empire comes to an end. Or is anyone here so stupid they think they can re-write history and the US empire is here for eternity  :laugh:

The US empire will not end in your lifetime, so go ahead and keep dreaming your sad and delusional "dreams".   :laugh:

 :Zzzzsleep: :Zzzzsleep:  The Evil empire is such a wonderful place especially when it comes to women , so much so you have to come and steal the European women :ROFL:

 


Title: Re: De-Dollarisation.
Post by: Tom Cat on August 13, 2015, 07:14:54 PM
Both China and Russia are sinking.
The United state's economy, has survived Obama, and the future looks great, with a republican president.
With cheap oil, the United states prospers, if oil rises, the United states steps up production, and we prosper, the United states is after all is not a one trick pony.
Like it or not, the world would go to hell in short order, without the United states keeping things turning.
 Buy them rubles and what happens when Russian goes bankrupt?
Honestly Russia is a third world nation.
It would cost trillions to modernize their infrastructure.
Putin is spending beyond their means for military, and funding war in Ukraine, along with other expenditures that do not move Russia in the right direction.
China has manufacturing, but they have limited natural resources.
What is it with you brits, envy?

STRATFOR: RUSSIA ECONOMY HITS PERFECT STORM

http://www.breitbart.com/national-security/2015/08/12/stratfor-russia-economy-hits-perfect-storm/
Title: Re: De-Dollarisation.
Post by: Texan77 on August 13, 2015, 11:08:28 PM
Both China and Russia are sinking.
The United state's economy, has survived Obama, and the future looks great, with a republican president.
With cheap oil, the United states prospers, if oil rises, the United states steps up production, and we prosper, the United states is after all is not a one trick pony.
Like it or not, the world would go to hell in short order, without the United states keeping things turning.
 Buy them rubles and what happens when Russian goes bankrupt?
Honestly Russia is a third world nation.
It would cost trillions to modernize their infrastructure.
Putin is spending beyond their means for military, and funding war in Ukraine, along with other expenditures that do not move Russia in the right direction.
China has manufacturing, but they have limited natural resources.
What is it with you brits, envy?

STRATFOR: RUSSIA ECONOMY HITS PERFECT STORM

http://www.breitbart.com/national-security/2015/08/12/stratfor-russia-economy-hits-perfect-storm/

Actually China is very dependent on the US. Nearly the only country China has a trade balance with is the US. They are a one horse show also that is selling to the US. Yes China sells to many other countries but most of those countries China buy more than it sells.
Title: Re: De-Dollarisation.
Post by: Texan77 on August 14, 2015, 12:10:59 AM
The US empire will not end in your lifetime,

I disagree, I think we hear the fat lady singing.

When the Euro-American empire ends you will not likely like you new life style.

Are you drunk! Europe doesn't need the US! Us realises this thats why they need to keep some wars/trouble going on in the area. Can you imagine if all the European/Asian continent just managed to get on together as partners.
Who needs all the wild Bill Hitchcock's from the US, go down South America and shoot that lot… oh you already did that :laugh:

Good bye Uncle Sam and good riddance..

In 2007 a US bank failed and months latter it trigger a banking crisis in America. At first Putin was so happy the America was finally coming down. The French president thought it was funny. Most other countries kept their thoughts to themselves.  A few weeks latter our banking crisis had Putin very upset as our banking crisis was destroying the Russian economy. The French President soon had a different tune also. If you remember as soon as our economy drop the price of oil dropped.  Then banking problem spread all across Europe.  Chinese factories were idle. The world economy slow down and nearly all industrial nations were affected.

If this all started with Lehman Brother Bank failing just think what will happen if the whole system came down. Russia and China never recover from this one bank failure. Both countries had great balance sheets going into 2008 and not so great afterward. Europe had a huge recession. Of course, this one bank failure exposed all the weakness in the system. But the global system is not stronger now. If anything it is weaker.

European failures would have an effect on us also. The two geographical areas are married whether you guys like it or not. We are sharing common future.   

What we have now is a good chance that a Russian/Chinese failure will be the start to bring the system down this time.  A war like in ww2 is no long an effective method of combat as the world is too interconnected.

The real Question is, are you Brits Drunk?  You really think that what happens in other countries does not matter???
Title: Re: De-Dollarisation.
Post by: Manny on August 14, 2015, 01:56:02 AM
The real Question is, are you Brits Drunk?  You really think that what happens in other countries does not matter???

I think you lot over the pond over-value the importance of your currency and imagine we would all be living in caves without it.
Title: Re: De-Dollarisation.
Post by: Manny on August 14, 2015, 01:57:08 AM
Honestly Russia is a third world nation.

You better stop trying to export their third world women then and find a nice, plump, first world American girl.  :thumbsup:
Title: Re: De-Dollarisation.
Post by: Texan77 on August 14, 2015, 04:20:40 AM
The real Question is, are you Brits Drunk?  You really think that what happens in other countries does not matter???

I think you lot over the pond over-value the importance of your currency and imagine we would all be living in caves without it.

You do not understand how the global economy is both very fragile and interconnected. No one likely to live in caves but the UK could turn into a UKrane. In 2007 Putin did not think the Russia cared about a fail bank in the US until the price of oil dropped to about 1/3 of what it was.
Title: Re: De-Dollarisation.
Post by: Tom Cat on August 14, 2015, 04:50:54 AM
Honestly Russia is a third world nation.

You better stop trying to export their third world women then and find a nice, plump, first world American girl.  :thumbsup:

Maybe you want to explain why not that many years ago women from Russia were marrying fat old westerners to escape the economic poverty.

Russia's economy improved ,but outside of Moscow and maybe a handful of the other cities, very little investment in Russian infrastructure.

By the way, my focus is on Ukrainian women, so not a problem to over look Russia.
Title: Re: De-Dollarisation.
Post by: B.B. on August 14, 2015, 06:31:57 AM
Are you drunk! Europe doesn't need the US! Us realises this thats why they need to keep some wars/trouble going on in the area. Can you imagine if all the European/Asian continent just managed to get on together as partners.

If only.  The US is traditionally isolationist.  The problem with Europe and Asia is their penchant for sprouting megalomaniacal, homicidal dictators.  If we don't nip it in the bud, pretty soon we're up to our elbows in alligators. 

You guys are like our batshit crazy granny who needs to be monitored before she goes off her meds and harms herself.  Except that granny won't, y'know, commit genocide and there won't be tens of millions of dead people as a result. 

What modern history has shown us is that Europe needs Adult Supervision, fairly constantly... 

Good bye Uncle Sam and good riddance..

LOL.  Someday, soon enough, Europeans will be crying and begging for Uncle Sam back...whilst they are licking the boots of their Muslim overlords.

Good luck....

B/B
Title: Re: De-Dollarisation.
Post by: shakespear on August 14, 2015, 08:43:32 AM

LOL.  Someday, soon enough, Europeans will be crying and begging for Uncle Sam back...whilst they are licking the boots of their Muslim overlords.

Good luck....

B/B

+1

Ottoman Empire once ruled most of southern Europe. 
Title: Re: De-Dollarisation.
Post by: NS1 on August 14, 2015, 08:59:10 AM
Funny how some of these folks talk about us importing women,
as if they didn't :chuckle:
The real desperate ones have to move to EE, they know their
women would not stay with them, if the brought them to
a first world nation :laugh:
Title: Re: De-Dollarisation.
Post by: msmoby on August 14, 2015, 10:24:11 AM
Funny how some of these folks talk about us importing women,
as if they didn't :chuckle:


Yes, I thought that was a rather childish response - not up to intelligent debate level :(   

Simply because we aren't all 'sheeple' and believe what the Kremlin / no.10 / Whitehouse, et al, claim- shouldn't mean we dislike a nation / it's people - just don't approve of leaders policies

The real desperate ones have to move to EE, they know their
women would not stay with them, if the brought them to
a first world nation :laugh:

Hmm.. that is also particularly daft ... Are you suggesting a Russian / Ukrainian lady coming to live in the west is only doing so to 'escape' E.Europe ?!   There was me thinking it was something to do with our personalities  / famlily values..  :chuckle:


I would happily live in Sochi - if I can keep bringing in the bacon from the west. O.K. it has had an inordinate amount of capital spent on it - that will never be paid back in non RU lang tourist trade - but that is GREAT if you want to use the facilities  / enjoy the nature.

One can live well in E.Europeans countries  - incl . Russia - if one doesn't want get into Politics.  Sochi sure doesn't feel 'third world'

 
Title: Re: De-Dollarisation.
Post by: Tom Cat on August 14, 2015, 12:17:47 PM
Yep sure looks like the United states has to be worried. :coffeeread:

Chinese devaluation of yuan is threat to Russian economy

http://m.asia.rbth.com/business/2015/08/14/chinese_devaluation_of_yuan_is_threat_to_russian_economy_48523.html
Title: Re: De-Dollarisation.
Post by: NS1 on August 14, 2015, 12:50:54 PM
Funny how some of these folks talk about us importing women,
as if they didn't :chuckle:


Yes, I thought that was a rather childish response - not up to intelligent debate level :(   

Simply because we aren't all 'sheeple' and believe what the Kremlin / no.10 / Whitehouse, et al, claim- shouldn't mean we dislike a nation / it's people - just don't approve of leaders policies

The real desperate ones have to move to EE, they know their
women would not stay with them, if the brought them to
a first world nation :laugh:

Hmm.. that is also particularly daft ... Are you suggesting a Russian / Ukrainian lady coming to live in the west is only doing so to 'escape' E.Europe ?!   There was me thinking it was something to do with our personalities  / famlily values..  :chuckle:


I would happily live in Sochi - if I can keep bringing in the bacon from the west. O.K. it has had an inordinate amount of capital spent on it - that will never be paid back in non RU lang tourist trade - but that is GREAT if you want to use the facilities  / enjoy the nature.

One can live well in E.Europeans countries  - incl . Russia - if one doesn't want get into Politics.  Sochi sure doesn't feel 'third world'
No, not at all. I was suggesting some men, need to move there to have the level of women they do, bring them home and they would see what they could get.
Mostly being sarcastic.

As for others, regardless of where you live if you have gone to EE to find a wife,
then puts you in same boat. Country does not matter.
Unless of course, the lady came to country and found you, chased and convinced you to date her :chuckle: then maybe you make comments about others who have done this.
Title: Re: De-Dollarisation.
Post by: Anteros on August 14, 2015, 05:30:15 PM

LOL.  Someday, soon enough, Europeans will be crying and begging for Uncle Sam back...whilst they are licking the boots of their Muslim overlords.

Good luck....

B/B

+1

Ottoman Empire once ruled most of southern Europe.

+1000  The UK people know they're in deep kaka but still can't quite grasp how deep it is.  Mohomed as a first name for all new born babies ring a bell yet?   :ROFL:
Title: Re: De-Dollarisation.
Post by: Manny on August 14, 2015, 06:15:27 PM

LOL.  Someday, soon enough, Europeans will be crying and begging for Uncle Sam back...whilst they are licking the boots of their Muslim overlords.

Good luck....

B/B

+1

Ottoman Empire once ruled most of southern Europe.

+1000  The UK people know they're in deep kaka but still can't quite grasp how deep it is.  Mohomed as a first name for all new born babies ring a bell yet?   :ROFL:

Remind us the ancestry of your president again?

Deep kaka? We will call it that when our cops shoot blacks dead on the streets weekly and we have ongoing race riots, mass shootings every month and uncontrolled firearms. I hate to break it to you but your streets are unsafe. Even cinemas, schools and sporting events are unsafe; mass shootings can happen at any of those places. And do. Our cops don't kill random people every week or two like yours do. Your society may have pockets of normality - for now - for those who can afford it, but is basically feral.

You blokes over the pond really get bent out of shape when someone speaks of reigning in your continual world terrorism and hegemony. 

The world is most happy to watch you all shoot each other, and we are equally happy to watch you endlessly print and use your dollars in America. But the rest of the world can trade in other types of baubles, thanks. Your printed bits of paper are no better than anyone elses.

What modern history has shown us is that Europe needs Adult Supervision, fairly constantly... 

You forget, many of us over here on the civilised continent have furniture and houses older than your country. You are trying to teach Granny to suck eggs here. We managed alright for hundreds of years before the US even existed.

The rise of the US up to say the mid 70's was a remarkable phenomenon from nothing. The dollar was a thing that, in hindsight, should never have been allowed to become what it did. But the power bestowed on the US and its dollar was abused, and the world quite rightly now seeks to correct that. Its a process, it wont happen overnight, but it has started and is gathering speed. As with any dying empire, the US will go down kicking, screaming and lashing out; we know that. We see the wars being ignited already. The only way the world can tamp down US aggression all over the world is to remove the tool of power: the dollar.

Remove the dollar, you remove the power. Remove the power, and US aggression and WW3 is avoided. Why countries all over the world are now dumping dollars and de-dollarising.
Title: Re: De-Dollarisation.
Post by: Texan77 on August 14, 2015, 09:50:39 PM
Quote
Remove the dollar, you remove the power. Remove the power, and US aggression and WW3 is avoided. Why countries all over the world are now dumping dollars and de-dollarising.

I do not know where you get all the stuff but nearly none of it is true. The dollar is going up because more countries are dollarizing than getting rid of them. You just have what you want to believe and no matter what you do not want to see what is really happening. I think you will also find their is not nearly as much power in the dollar as you seem to believe their is. The real power is in the western consumer much more than the currency.


What is killing Russia is not sanctions and anything to do with the Ukraine. It has everything to do with China. Aging population in the US is buying less Chinese products. Chinese products have become un popular in the US and we are now getting a chance to buy else where. Japan is having the same problems with the Chinese and the Europeans also seem to prefer to do business else where also. This is causing China's demand for energy to decline at the same time energy production in the US is increasing. This is causing a decline in the price of oil. China is trying to drop the price of the currency but it will have to drop a lot before Americans will want to buy their products again.

Title: Re: De-Dollarisation.
Post by: msmoby on August 15, 2015, 12:51:02 AM
Manny,

what is your agenda on here  ?  Are you hoping to please someone by attempting to wind up most of your members with 'stuff' you don't really believe ... ?

The nation most likely to cause WW3 - thank you 'leaders'-  is the one encouraging instability = physically - in it's neighbours.

Yes, the USA was late to the party in WWII  - as was the former USSR - but most Brits realise that we were getting help beforehand and that we might be speaking German if it wasn't for their sacrifices.



Title: Re: De-Dollarisation.
Post by: andrewfi on August 15, 2015, 04:12:36 AM
Many people are under the impression that having a currency appreciating in value is a 'good thing' and that a depreciating currency is a 'bad thing'. They get werry, werry confused when they refer to the dollar which behaves, due to its status in a somewhat anomalous fashion.

First thing to note is that the exchange rate between any two currencies is no more or less than the price of each currency expressed in terms of the other. There is no magic status, no inherent 'good' in that respect.

Secondly, a freely floating currency, in a free and transparent market will appreciate, or depreciate in line with the productivity of the country which the currency serves. If a currency increases in value for any reason other than increased productivity (anything else is some form of market intervention and serves to reduce market freedoms) then the eventual result is inflation in the domestic market. That is why the printing of money as advocated by some thought leaders and their followers is usually a bad idea.

China has, for a long time, been pegging the yuan to the dollar. They have been interfering in the market to support the dollar. That support has had a cost in terms of higher domestic prices than was necessary due to inflation imposed fro the over valued yuan. Now the Chinese are reducing the degree to which they offer that support to the dollar. Basically they are doing the same as the Russians did last year - what I don't know is the degree to which (as in Russia) the move from a fixed rate to a free float was planned. In Russia the move to a free float from their dirty float was a planned move with a target moved ahead by some 90 days. The value of the currency is close to the target value set by the RCB last year.

So, this tells us that all the gum bashing, the keyboard bashing by US based thought leaders and their know-little followers is for naught.

Bear in mind that only a few months ago the US was begging China to reduce the value of the Yuan - now there are moans and criticism. As with Russia for the US and those whose thoughts their leaders lead there is no such concept as memory or consistency.

What China is doing is clearly consistent with their economic policy going back a decade or more. Indeed, as the Chinese internal market grows the changes we see are essential to the success of that movement. The growth potential of the Chinese market, at yuan denominated prices that are acceptable to the domestic market, is greater than any growth likely to be attained by US or European markets that seem from empirical evidence to be in recession.

Overall though, we are now seeing a move to competitive devaluation. The US tried and failed with their quantitative easing, now it is the turn of other markets to do the same. The Chinese have, for now, succeeded, other currencies will follow along - the result is that US currency appreciates in comparison which, because it is unrelated to productivity improvements and because the dollar is less easily exported these days, leads to inflation in the US economy and the hidden recession is now showing signs of becoming overt.
Title: Re: De-Dollarisation.
Post by: Donhollio on August 15, 2015, 08:29:10 AM
Manny,

what is your agenda on here  ?  Are you hoping to please someone by attempting to wind up most of your members with 'stuff' you don't really believe ... ?


 He sure has changed hasn't he? From loving Florida vacations, to being all giddy about a sleigh ride through Central Park in New York. Maybe he has giving up on listening to American country music star Alan Jackson. A move his wife and children would welcome I'm sure if for nothing less then a lack of pain in the inner ear.
  Now we have a the ridiculous topic of the Greenback being replaced. I can see China selling good in the Yuan, they will just set a price that equates what they'd get for it in USD. It's nothing earth shattering as 

 [derogatory term removed] suggests, Canada has free trade agreements in place throughout the world, but you can't expect anyone to think that some unstable country is going to dump the Greenback and try their luck trading in their own is foolish.
Title: Re: De-Dollarisation.
Post by: B.B. on August 15, 2015, 10:39:50 AM
What modern history has shown us is that Europe needs Adult Supervision, fairly constantly... 

You forget, many of us over here on the civilised continent have furniture and houses older than your country. You are trying to teach Granny to suck eggs here. We managed alright for hundreds of years before the US even existed.

So having old furniture is some sort of....accomplishment?

No need to teach granny to suck eggs...only to keep her from dooming millions upon millions of people to their deaths b/c some poofy, inbred twat can't get along with some other poofy, inbred twat.

Never mind that we took the detritus of Europe and produced a superpower that is vastly more prosperous than that mother country.  That really has to sting.

The rise of the US up to say the mid 70's was a remarkable phenomenon from nothing. The dollar was a thing that, in hindsight, should never have been allowed to become what it did.

I'm afraid Nixon and Kissinger checkmated you, there. 

Remove the dollar, you remove the power. Remove the power, and US aggression and WW3 is avoided. Why countries all over the world are now dumping dollars and de-dollarising.

Keep....the dream....alive....  ;D

While someday the Chinese will have a larger nominal GDP than the US, and the America-hating, ethnomasochistic international left, (as well as the America-hating, ethnomasochistic domestic Left, for that matter) will chortle and stroke themselves off, as if this means something....

...right before the Muezzins call them to prayer.

Manny,

what is your agenda on here  ?  Are you hoping to please someone by attempting to wind up most of your members with 'stuff' you don't really believe ... ?

I'm afraid, as so often happens with married men, that we have to treat him like a 'captive nation' now.  He's been "Finlandized", as it were.  No shame in that, one supposes, but it must simply be part of the calculus, now.

B/B

Title: Re: De-Dollarisation.
Post by: Manny on August 15, 2015, 10:56:29 AM
I love how some of the Septics have their head firmly, I suppose you would say in the sand.
Title: Re: De-Dollarisation.
Post by: Ste on August 15, 2015, 10:57:00 AM
Dollar is still king in the banking world my friends, do not worry!

As I've said, I'm currently working in the International Banking and Payments Domain and see Dollars, Euro, some Sterling and Yen.

No frigging Roubles or Yuans, not saying they're not out there but really the only reason you'd align with these fragile currencies is down to sheer bloodymindedness and an optimistic view on risk.....
Title: Re: De-Dollarisation.
Post by: andrewfi on August 15, 2015, 11:17:08 AM
Dollar is still king in the banking world my friends, do not worry!

As I've said, I'm currently working in the International Banking and Payments Domain and see Dollars, Euro, some Sterling and Yen.

No frigging Roubles or Yuans, not saying they're not out there but really the only reason you'd align with these fragile currencies is down to sheer bloodymindedness and an optimistic view on risk.....

Hmmm...

currencies are not football teams. One does not align with or support them. Currencies are used to enable trade.

The dollar is, for the time being, still the easiest with which to manage trade - as long as one chooses an intermediary currency. The need for an intermediary currency is falling away because the lag between purchase and fx transaction is falling away - to almost zero.

Intermediary currencies are useful when there is a significant lag between deposit of currency A and receipt of currency B. If that lag is days or weeks, as it used to be, then a stable (not stable) intermediary is a handy thing to have. If a transaction is processed from end to end in milliseconds then the need for that stability goes away. That is why digital currencies like Bitcoin can be used for cross currency transactions - even though on a macro scale the currency is very volatile on a micro level it is not. The value will not change in the fractions of a second that a transaction takes.

One also seeks a stable currency when one wishes to hold currency and do nothing with it - in today's economy that is not really what one wants and, as we know, the dollar is NOT very stable these days when compared to other currencies. How stable is the dollar in ruble terms (not very) yet the same number of rubles will buy roughly the same number of houses or cows in Russia as it did a year ago.

Given that there is an implicit tax in every transaction that goes through the dollar then it makes sense to remove that tax where possible so Russia, for example, bus good from China in yuan and vice versa. No exchange rate risk, no 'tax' to the US as a result of having had to buy and hold depreciating dollars in anticipation of a possible transaction.

A look at history is instructive here:
After WW2 sterling was still widely used as an intermediary (and still is), sterling was still used as a store of value (and still is) - in both cases to a degree that is disproportionate to the volume of world trade in Sterling denominated goods and services.

As a last point, it should be remembered that the volume of money traded for goods and services, the stuff that we concern ourselves with is much smaller than the volume traded for speculation. This is a real threat to the world banking system. In no small part this threat is due to the use of intermediary currencies. If we moved away from having a single currency having the lions share of global FX trading then we would see a decline in risk from speculation and we would not have the effects upon the 'real' economy that we saw in Russia last year where the changes were due not to fundamental issues but to speculation - borrowing money from the Russian banking system to bet against the ruble in a self perpetuating spiral. it was not until the RCB stepped in to reduce the profits from speculation that the process of wealth destruction in Russia ended.

We could do much worse than to render currency speculation much less profitable!
Title: Re: De-Dollarisation.
Post by: NS1 on August 15, 2015, 11:34:22 AM
Hmmm I a have few US greenbacks, maybe I should hurry to the Bank and
change them in for Roubles or Yuan  :ROFL:

Title: Re: De-Dollarisation.
Post by: Anteros on August 15, 2015, 12:51:02 PM
Hmmm I a have few US greenbacks, maybe I should hurry to the Bank and
change them in for Roubles or Yuan  :ROFL:

Manny will be begging someone to take his Rubles as the price of oil is likely to go as low as $35 pretty soon.   :ROFL:
Title: Re: De-Dollarisation.
Post by: B.B. on August 15, 2015, 01:00:32 PM
Hmmm I a have few US greenbacks, maybe I should hurry to the Bank and
change them in for Roubles or Yuan  :ROFL:

Clearly, before they turn to dust.  If you're worried about 'stability' you might want to trade them for Euro, given how....

Oh, wait.  Nevermind.

 :chuckle:

B/B
Title: Re: De-Dollarisation.
Post by: B.B. on August 15, 2015, 01:06:52 PM
Dollar is still king in the banking world my friends, do not worry!

As I've said, I'm currently working in the International Banking and Payments Domain and see Dollars, Euro, some Sterling and Yen.

No frigging Roubles or Yuans, not saying they're not out there but really the only reason you'd align with these fragile currencies is down to sheer bloodymindedness and an optimistic view on risk.....

The world spins on its axis and takes little note of the affairs of men.

I started out working for a local company that was maybe 20 minutes from my house.  Since then, I've worked for a couple of Fortune 500s, a Scottish Bank (yes, THAT ONE, but not by choice), and now for another large international based out of East Asia.  Who knew?  Certainly my father could not have imagined it.  He though that NYC, where the ultimate parent of the firm he worked for (until he started his own) might as well have been in some far-distant land.

Meanwhile, those who bet on  Russia Japan China as the Great America-Slayer may want to hedge their bets on Modi's India...although I view the rise of other countries (in particular the creation of a 'middle class' therein) as simply future markets.

But what do I know?  My life is not affected by some sort of "revenge fantasy" worldview, either, praying for some comeuppance to be visited on someone else, regardless that it never seems to materialize....

B/B
Title: Re: De-Dollarisation.
Post by: Anteros on August 15, 2015, 01:26:07 PM
Dollar is still king in the banking world my friends, do not worry!

As I've said, I'm currently working in the International Banking and Payments Domain and see Dollars, Euro, some Sterling and Yen.

No frigging Roubles or Yuans, not saying they're not out there but really the only reason you'd align with these fragile currencies is down to sheer bloodymindedness and an optimistic view on risk.....

The world spins on its axis and takes little note of the affairs of men.

I started out working for a local company that was maybe 20 minutes from my house.  Since then, I've worked for a couple of Fortune 500s, a Scottish Bank (yes, THAT ONE, but not by choice), and now for another large international based out of East Asia.  Who knew?  Certainly my father could not have imagined it.  He though that NYC, where the ultimate parent of the firm he worked for (until he started his own) might as well have been in some far-distant land.

Meanwhile, those who bet on  Russia Japan China as the Great America-Slayer may want to hedge their bets on Modi's India...although I view the rise of other countries (in particular the creation of a 'middle class' therein) as simply future markets.

But what do I know?  My life is not affected by some sort of "revenge fantasy" worldview, either, praying for some comeuppance to be visited on someone else, regardless that it never seems to materialize....

B/B

That's what it all boils down to.  Putin is still annoyed that his former Soviet empire fell apart and he wishes there was no internet and other modern technologies to prevent his moves on the chessboard.  He never dreamed that economic sanctions and falling oil prices could destroy his delusional fantasies before they ever really got going.   ;D   :GRRRR:  tiphat
Title: Re: De-Dollarisation.
Post by: Manny on August 15, 2015, 02:48:06 PM
Hmmm I a have few US greenbacks, maybe I should hurry to the Bank and
change them in for Roubles or Yuan  :ROFL:

You should. You will probably make 25% on Roubles in the short term.
Title: Re: De-Dollarisation.
Post by: B.B. on August 15, 2015, 05:16:56 PM
Hmmm I a have few US greenbacks, maybe I should hurry to the Bank and
change them in for Roubles or Yuan  :ROFL:

You should. You will probably make 25% on Roubles in the short term.

I'd wait on that a bit.  If Yellen decides that the economy is ok (meaning U-3, mostly, b/c people vote) then the Fed will raise rates and thus the dollar will strengthen.  But we'll see. 

B/B
Title: Re: De-Dollarisation.
Post by: Manny on August 15, 2015, 05:40:21 PM
Hmmm I a have few US greenbacks, maybe I should hurry to the Bank and
change them in for Roubles or Yuan  :ROFL:

You should. You will probably make 25% on Roubles in the short term.

I'd wait on that a bit.  If Yellen decides that the economy is ok (meaning U-3, mostly, b/c people vote) then the Fed will raise rates and thus the dollar will strengthen.  But we'll see. 

B/B

I'll think of you when I spend my profit. I did £4k profit last time I called the Rouble a buy @ 97/£1, and you blokes said the Rouble would be tanking to 200/£1 plus - which it didn't.

Wifey is currently in Russia living like a queen as she got 2x as many Roubles as last year. For us, we are golden at circa 100/£1. If it comes back, we can sell some. If it doesn't, it makes for great value money on visits. Its a win-win, and one that encourages people to take money into Russia and buy the Rouble.

I'm not clamouring to buy dollars at $1.56/£1, y'know?
Title: Re: De-Dollarisation.
Post by: JeanClaude on August 15, 2015, 07:06:47 PM
That's what it all boils down to.  Putin is still annoyed that his former Soviet empire fell apart and he wishes there was no internet and other modern technologies to prevent his moves on the chessboard.  He never dreamed that economic sanctions and falling oil prices could destroy his delusional fantasies before they ever really got going.   ;D   :GRRRR:  tiphat

Thats how Reagan killed the old USSR, cheap oil -prices and high military spending,
.....No, it wasnt SDI
Title: Re: De-Dollarisation.
Post by: msmoby on August 16, 2015, 12:39:36 AM


Thats how Reagan killed the old USSR, cheap oil -prices and high military spending,
.....No, it wasnt SDI

JC it was a belief in SDI -Strategic Defense Initiative - Space based defence systems - that helped push the former USSR into further over-spending on research .... in ADDITION to conventional weapons and cheap oil...
Title: Re: De-Dollarisation.
Post by: Steveboy on August 16, 2015, 02:20:23 AM
Hmmm I a have few US greenbacks, maybe I should hurry to the Bank and
change them in for Roubles or Yuan  :ROFL:

You should. You will probably make 25% on Roubles in the short term.

I'd wait on that a bit.  If Yellen decides that the economy is ok (meaning U-3, mostly, b/c people vote) then the Fed will raise rates and thus the dollar will strengthen.  But we'll see. 

B/B

I'll think of you when I spend my profit. I did £4k profit last time I called the Rouble a buy @ 97/£1, and you blokes said the Rouble would be tanking to 200/£1 plus - which it didn't.

Wifey is currently in Russia living like a queen as she got 2x as many Roubles as last year. For us, we are golden at circa 100/£1. If it comes back, we can sell some. If it doesn't, it makes for great value money on visits. Its a win-win, and one that encourages people to take money into Russia and buy the Rouble.

I'm not clamouring to buy dollars at $1.56/£1, y'know?

Same for me! My wife just arrived back in Russia and is living like a Queen though she's been doing it for over 12 months now. I can't wait to get back myself next weekend and live like a king.. :8)

Tired of living like a peasant in England the last few weeks
Title: Re: De-Dollarisation.
Post by: andrewfi on August 16, 2015, 03:17:47 AM
Don't worry interest rates will not rise in the US for a while. The 'troubled' oil industry will be dead if they have to pay higher interest. The earliest that rates will rise will be after October - October is the month when many of the oil extractors will have had decisions on whether lending will be extended, rolled over or called in. Increasing rates before then would be death to that whole industry.

In addition, on a wider scale, in the new competitive devaluation environment, the last thing the US needs is to force the value of the dollar higher on their own behalf - bad enough that it is being forced by China and other Asian markets to do so.

Chances are that QE will be restarted before the end of the year in an effort to bring the dollar down to a less silly level.

By the way, while I don't use rubles, I do use euros and I have to say that life has gotten relatively inexpensive over here recently, at least when considered from the sterling perspective. :)
Title: Re: De-Dollarisation.
Post by: msmoby on August 16, 2015, 04:49:25 AM


You should. You will probably make 25% on Roubles in the short term.

Please let us know when the Rouble will be 'recovering' ..If we had listened to someone on here, we'd be 50 percent down.
Title: Re: De-Dollarisation.
Post by: andrewfi on August 16, 2015, 05:49:00 AM


You should. You will probably make 25% on Roubles in the short term.

Please let us know when the Rouble will be 'recovering' ..If we had listened to someone on here, we'd be 50 percent down.

You would have been down if you were stupid enough to treat currency trading as a long term investment. You would have been well up until July this year. Try to either be fact based or honest when making a point.

We get it, your standard operating procedure is to be dishonest, but do you really want to go through your life in that way? Is it really necessary to be dishonest in order to try to score a point?

Why not try for a mode of life based upon integrity and honesty? Life is easier that way,  truly!
Title: Re: De-Dollarisation.
Post by: JeanClaude on August 16, 2015, 06:01:24 AM


Thats how Reagan killed the old USSR, cheap oil -prices and high military spending,
.....No, it wasnt SDI
You as a physics layman might believe any nonsense, but we scientist know better.

Here are the main reasons why the USSR fell.
1: Socialism doesnt work
2: because altruism at gunpoint is not altruism
3: ISIS thinks sex at gunpoint (rape) is love making,  no wonder why muslims and leftist like each other so much...... birds of a feather.

There have been a number of books written (by Russians) explaining the fall of the USSR none of them mention SDI. Of course a lot of money was spent on SDI, so it had to be justified by the corporate welfare whores who benefited (hence the story you swallowed hook line and sinker).

http://www.worldology.com/Europe/Europe_Articles/causes_soviet_collapse.htm
Title: Re: De-Dollarisation.
Post by: andrewfi on August 16, 2015, 06:58:19 AM
Not socialism, but central planning. Socialism is at the heart of all modern societies to a greater or less (but always significant) degree.

Central planning works in a simple economic system and/or where there is an overriding objective to which all others are subjugated. That's why during WW2, for example, both the United States and the UK moved to a centrally planned model. The war could not have been won without doing so. Russia moved from a non-industrial, peasant economy to a modern (for the time) industrial economy wherein the living standards of most people rose immeasurably. What central planning could not do was manage the complexity of a consumer society wherein there exists a sufficient surplus of manufacturing and service capacity that consumers can have choices about how they spend the surplus money derived from the growing economy.

I confess to a degree of curiosity as to whether, given our current and future ability to manage huge amounts of date might at some point make a centrally planned economy feasible. It is clear that a market based economy is running toward the end of its ability to serve the needs of humanity and some new or modified paradigm is going to be required in order to manage our use of resources.

The effect of misdirected central planning was to misuse resources and misdirect output this led to under employment, sometimes called hidden inflation. This was the ruin of the Soviet Union - of course there were other factors that had they been mitigated might have delayed or changed the outcome. Perestroika, had it been fully implemented might have led to a similar system to that in China - I reckon the Chinese learned from Russia in this regard.
Title: Re: De-Dollarisation.
Post by: msmoby on August 16, 2015, 01:05:04 PM


You as a physics layman might believe any nonsense, but we scientist know better.

 I 'majored' in a science subject ..


Here are the main reasons why the USSR fell.
1: Socialism doesnt work
2: because altruism at gunpoint is not altruism
3: ISIS thinks sex at gunpoint (rape) is love making,  no wonder why muslims and leftist like each other so much...... birds of a feather.

There have been a number of books written (by Russians) explaining the fall of the USSR none of them mention SDI. Of course a lot of money was spent on SDI, so it had to be justified by the corporate welfare whores who benefited (hence the story you swallowed hook line and sinker).

http://www.worldology.com/Europe/Europe_Articles/causes_soviet_collapse.htm

a/ Just because one book omits fact - hardly makes  t the 'truth..

b/ what have IS got to do with the fall of the USSR, our 'still dating' homophobe ?
Title: Re: De-Dollarisation.
Post by: B.B. on August 16, 2015, 03:58:38 PM
I'll think of you when I spend my profit. I did £4k profit last time I called the Rouble a buy @ 97/£1, and you blokes said the Rouble would be tanking to 200/£1 plus - which it didn't.

I think you mean a different bloke than I.  I'm short Euro and long dollar at the moment, both positions are up for the year (the short Euro more, of course), but don't take positions in the Pyb.  I'm hoping for a bump in the dollar position after the Fed starts raising rates.  Currency plays are never long term positions, in any case.

Beyond that, back in January, a trade I know asked me about a refiner I had been in, but sold off.  I had another look at it, took a position, and it's up >27% since I bought it, so no complaints here.  :-*

Beyond that, I usually dump my Hrv when I leave Ukr--keeping only a token amount for incidentals upon arrival for my next trip, if necessary, which it seldom is.

Most of the folks I use for services are happy to take greenbacks--back before the Bristol Hotel hooked up with Starwood (thus enabling me to burn points from my business travels for free rooms) my flat contacts were *happy* to take payment in USD (or Euro of course).  My driver in Kiev prefers dollars, as does both the guy I usually use in Odessa (as well as the taxista I use if something happens*)

In fact, I can't say I've ever had a problem using dollars, even where you can't, because it's illegal (or should I say "can't" because it's "illegal").  Typically, I use one of my cards that doesn't charge foreign transaction fees, but I've never had a kerfuffle that could not be quieted with Yankee Dollars.  *shrugs*

B/B


*How to tell you Spend Too Much Time in a Place: You know the taxistas at the airport by name, even if you seldom use them.



Title: Re: De-Dollarisation.
Post by: Manny on August 16, 2015, 04:19:11 PM
Most of the folks I use for services are happy to take greenbacks

You can spend them still in Ukraine?
Title: Re: De-Dollarisation.
Post by: B.B. on August 16, 2015, 06:08:52 PM
Most of the folks I use for services are happy to take greenbacks

You can spend them still in Ukraine?

Officially?  No.  But quite easily in the situations I described.  They are often preferred (or presumably Euro for EUtizens).  So with drivers (for airport transfers; I typically use Hrv for taxis), flat agents etc. quite easily.  I can't remember anyone saying "no" when I've asked to use dollars instead of Hrv.  One guy (I've used him a couple of times) did offer to let me pay in Hrv for something he had originally quoted in dollars b/c during the course of our discussion he learned that I was leaving the country that day and didn't want me to get stuck with a bunch of Hrv that might devalue over time if I wasn't coming back soon (while I knew I was coming back, I had no definite plans at that point).  Easy for him to simply pay one of his employees with it or spend it himself.

I think any tourist-facing industry is going to make accommodations.  So at a supermarket?  No.  But other places will be flexible.

Dollars have been quite scarce in Odessa for Ukr citizens, so a friend of mine related.  She told that if she went into a bank to change Hrv to USD, they might do $20 for her.  Thereafter, I would offer to change $ for Hrv for my friends there, provided I was going to spend the amount of Hrv on that particular trip.  In the case of that particular friend, her mother in law needed dental work and wanted to use a particular dentist...who would only accept dollars.

On my last trip through Odessa, one restaurant I visit there told me my credit card had been declined.  Bear in mind that I had used the same card there a few times before (maybe 2 or 3), but suddenly it was a problem.  I made a collect call to the bank who said they had approved the charge.  Restaurant says "no way".  So I wound up paying them in dollars (they tried to rip me off on the rate, but I wouldn't stand for it.  They relented after a bit of discussion, and I had the bank kill the charge.) 

Also, I will often tip in dollars (using newer, crisp bills) b/c Ukraine is mental about exact change so I don't always have small bills.  That's never been a problem, although I probably over tip for Ukr anyway.  *shrugs*

B/B
Title: Re: De-Dollarisation.
Post by: Anteros on August 16, 2015, 08:45:26 PM
Most of the folks I use for services are happy to take greenbacks

You can spend them still in Ukraine?

You could also still spend them in Russia if need be, you just like to pretend that they are not welcome.  I've no doubt that they are not only welcome, but that you could get a better rate by changing them with certain black market types who are eager for a stable currency.   :smokin:
Title: Re: De-Dollarisation.
Post by: bagalia on August 16, 2015, 10:08:21 PM
My last two businesses in Ukraine were in shopping malls. We were forced to pay rent in dollars in both places. The reasoning being that the griven was too undependable, the dollar or euro always strong. The malls made out better and we always paid higher and higher rent as griven went down and the dollar euro went up. I find it difficult to believe they would give up this little honey pot.
Title: Re: De-Dollarisation.
Post by: Manny on August 17, 2015, 01:05:44 AM
You could also still spend them in Russia if need be, you just like to pretend that they are not welcome.  I've no doubt that they are not only welcome, but that you could get a better rate by changing them with certain black market types who are eager for a stable currency.   :smokin:

Tell us your personal experience of this or shush while the adults talk.
Title: Re: De-Dollarisation.
Post by: msmoby on August 17, 2015, 02:01:03 AM


You should. You will probably make 25% on Roubles in the short term.

Please let us know when the Rouble will be 'recovering' ..If we had listened to someone on here, we'd be 50 percent down.

You would have been down if you were stupid enough to treat currency trading as a long term investment. You would have been well up until July this year. Try to either be fact based or honest when making a point.

We get it, your standard operating procedure is to be dishonest, but do you really want to go through your life in that way? Is it really necessary to be dishonest in order to try to score a point?

Why not try for a mode of life based upon integrity and honesty? Life is easier that way,  truly!
Andrewfi.

All those wasted words. We can rember what you wrote..even if you can't

I wonder if you've ever tried Forex trading....

Unfortunately even Manny didn't follow your loss making advice..









.

Title: Re: De-Dollarisation.
Post by: andrewfi on August 17, 2015, 02:28:22 AM
Moby STOP THE LIES!

It isn't clever, it isn't funny and is unproductive.

If you want to make a point please do so using fact based comments. The rest of us manage it, some to a greater degree than others, why can't you?
Title: Re: De-Dollarisation.
Post by: msmoby on August 17, 2015, 04:12:24 AM
Moby STOP THE LIES!


What is a lie ? Who told us the Russian economy was already turning around and that the rouble was 'recovering'  ?


If you are upset that you were incorrect - fine... Perhaps it upsets you that it was the likes of me that proved - if here was any doubt - that your opinion was 'incorrect'


It isn't clever, it isn't funny and is unproductive.

Well, I would say a return of 50 percent - so far - was quite productive - based on buying at 75/ Roubles to the GBP and it currently being at 102.


If you want to make a point please do so using fact based comments. The rest of us manage it, some to a greater degree than others, why can't you?

Kindly point out to us what was 'untruthful' / 'non-factual' about my pointing out your predictions being ...  'incorrect'. :coffeeread:

Now why don't you offer us your insights as to when the Rouble will actually recovery to your suggested range  ?


I asked 2 weeks ago when it was breaking through 100 - to remind you it was 75 when you made your 'predictions'  - if this was the top ... I figured it was, but was greedy and decided to wait... based on futures suggesting long-term low oil prices and stayed in.

Kindly, don't try to 'lecture' us about volatility and 'you will be proven correct', in the long term ...... Many of us need to use Pounds / Roubles and like to make short-term profits. A fifty percent return in four months is not to be sniffed at. I, naturally, wish I had been braver and had the conviction of my beliefs.

Do you think it is immoral to 'bet' on a currency's performance  ? 




Title: Re: De-Dollarisation.
Post by: andrewfi on August 17, 2015, 04:25:00 AM
moby, you are confusing yourself. Consistency is the handmaiden of truth a lesson you may want to learn.

Your time with me is over for now. If you wish to continue trolling each post I make might I suggest that you look for some older posts - there's quite a few that you have yet to get to and you do have a post rate to consider. You have fallen back a little from your 11+ average in the past few days.
Title: Re: De-Dollarisation.
Post by: msmoby on August 17, 2015, 04:38:30 AM
moby, you are confusing yourself. Consistency is the handmaiden of truth a lesson you may want to learn.

Your time with me is over for now. If you wish to continue trolling each post I make might I suggest that you look for some older posts - there's quite a few that you have yet to get to and you do have a post rate to consider. You have fallen back a little from your 11+ average in the past few days.

andrewfi

whether I choose to post 1 or 20 times is my time to waste ..If you, or anyone else posts stuff that is worth a comment - or I feel like starting a thread - while I am allowed - I shall continue to do so, OK  ?

It is noted you cannot respond to the simplest question arising form your previous response to me ... as it is 'trolling ' - according to you  :chuckle:  Your advice re 'mea culpa' to Odessarents certainly applies to you here.

You have an interesting concept of truth ...



Title: Re: De-Dollarisation.
Post by: cufflinks on August 17, 2015, 07:05:48 AM
Serious question - what is the largest Euro note denomination readily accepted across the EU, RU and UA or would something like GBPs, NOKs or Swiss Francs be better to carry in an emergency as backup to the dollar?
Title: Re: De-Dollarisation.
Post by: Ste on August 17, 2015, 07:39:55 AM

Serious question - what is the largest Euro note denomination readily accepted across the EU, RU and UA or would something like GBPs, NOKs or Swiss Francs be better to carry in an emergency as backup to the dollar?

When I was in CH I needed a bit of cash out if the cash machine and the smallest I could get was 100CHF about 80 quid at the time I thing. Only wanted some cash for the tram...


.
Title: Re: De-Dollarisation.
Post by: andrewfi on August 17, 2015, 08:30:23 AM
Firstly, only carry cash because you don't have credit or debit cards.

Secondly: If you are bereft of plastic then carry your national currency simply because it is cheaper than exchanging it for Euros. Be aware that if you try to use dollars or Euros in a place that does not use them as national currency then you will get raped on the exchange rate and so only a fool would try to use them in place of the national currency.

Lastly, I can not speak for anything other than Euros here but I'd not try to use anything larger than €50 notes. Many places will explicitly refuse to accept €50s or larger. I prefer to carry 20 or 10 notes for convenience.

This is 2015 on a forum dealing with people supposedly familiar with travel - do we REALLY need to have this kind of discussion these days?

As a PS. Try to get your plastic issued as chip and pin, this is becoming more common in the US now as you guys get caught up but is standard in the rest of the world. Many outlets will not accept payment with plastic that does not have chip and pin enabled and some ATMs likewise.

Title: Re: De-Dollarisation.
Post by: Markje on August 17, 2015, 08:40:31 AM
Serious question - what is the largest Euro note denomination readily accepted across the EU, RU and UA or would something like GBPs, NOKs or Swiss Francs be better to carry in an emergency as backup to the dollar?

In netherlands, all notes above $100 or EUR-100 are not readily accepted. You need to change the 200/500 Euro in official banks or their money-changing offices for smaller notes.
Title: Re: De-Dollarisation.
Post by: msmoby on August 17, 2015, 09:23:09 AM
Serious question - what is the largest Euro note denomination readily accepted across the EU, RU and UA or would something like GBPs, NOKs or Swiss Francs be better to carry in an emergency as backup to the dollar?

Mike,

I cannot answer about how well any US Bank card will work in Russia. Most cities have banks that will readily change Dollars / Euros. The 500 Euro note -'' bin Laden'' - is not something I'd want to rely on changing - reasons being risk of losing, and it is a prime target for forgers. It is not easily to change one in the UK... :o Most banks will refuse 'em..

The likes of Danchik are a better bet for solid info

My UK banks cards worked fine at ATMs - You can draw from 500 Roubles - if you need cash money - I'd recommend drawing 4500 as this ensures you won't get a 5000 Rouble Note, which was readily accepted

I think your bank will know if there are issues.

My Russian bank cards do NOT work for online transactions for Russia - if using them online with a UK IP address and you'll find it unlikely that you can pay using US cards for online transaction IN Russia..UK ones do not work since Russia introduced it's own payment processing system on May 1st

I had to use a RU vpn to pay a Russian land tax bill using my RU bank card





 
Title: Re: De-Dollarisation.
Post by: Manny on August 17, 2015, 10:09:40 AM
Serious question - what is the largest Euro note denomination readily accepted across the EU, RU and UA or would something like GBPs, NOKs or Swiss Francs be better to carry in an emergency as backup to the dollar?

500 Euro notes are available, but as noted, most people are scared of taking them so send you to a bank to change them (unless the transaction is circa 500 Euros). 100 Euro notes are more normal in use. UK £50 notes don't create many problems, but provincial shops try to not take them here as they are scared of fakes too. I never had a problem with £50 notes overseas, but they are more used to seeing £20's.
Title: Re: De-Dollarisation.
Post by: shakespear on August 17, 2015, 10:10:29 AM
You could also still spend them in Russia if need be, you just like to pretend that they are not welcome.  I've no doubt that they are not only welcome, but that you could get a better rate by changing them with certain black market types who are eager for a stable currency.   :smokin:

That used to be the case Anteros.  We had a "guy" in Volgograd who would match the Moscow rates.  That would give us an additional 50-70 kopecks per dollar - a tidy sum when the ruble was 28:1 and we were exchanging $1000.  You could always find him or one of his "buddies" hanging out in their SUV in the parking lot out in front of the Central Post Office anytime between 10am-7pm Monday thru Saturday.  But he disappeared about 5 years ago.

The currency changing kiosks in Moscow are more than happy to give you rubles for ANY hard western currency and very good rates.  The best rates come from Dollars or Euros, but they will exchange your Pounds, Canadian Dollars, Australian Dollars, Swiss Francs and Swedish Krona for a reasonable haircut. 
Title: Re: De-Dollarisation.
Post by: B.B. on August 17, 2015, 11:21:13 AM
Serious question - what is the largest Euro note denomination readily accepted across the EU, RU and UA or would something like GBPs, NOKs or Swiss Francs be better to carry in an emergency as backup to the dollar?

I would say Euro, although one imagines that it depends on the type of 'emergency' one was planning for.

I have heard from some Odessa friends that it's not always easy to change GBP there, but you see them quoted at changepoints. *shrugs*.  Easily done in Kiev--I have a few pounds left over from my travels and sometimes thing about changing them to Hrv so they don't just sit around in a drawer.

When I was in CH I needed a bit of cash out if the cash machine and the smallest I could get was 100CHF about 80 quid at the time I thing. Only wanted some cash for the tram...

This is why I keep some small notes in Hrv, for this type of situation.

Firstly, only carry cash because you don't have credit or debit cards.

Or as a backup for those.  Sometimes, it comes in handy.

Be aware that if you try to use dollars or Euros in a place that does not use them as national currency then you will get raped on the exchange rate and so only a fool would try to use them in place of the national currency.

While this is often true, it isn't strictly true. 

This is 2015 on a forum dealing with people supposedly familiar with travel - do we REALLY need to have this kind of discussion these days?

You're not required to read & comment on every thread...perhaps you were not aware?

B/B

Title: Re: De-Dollarisation.
Post by: Donhollio on August 17, 2015, 03:52:47 PM
  Moby thanks for your often clever, at times funny and productive posts.  tiphat
Title: Re: De-Dollarisation.
Post by: JeanClaude on August 17, 2015, 08:24:55 PM

Gas/Oil from Russia -> Rouble
Gas/Oil from China -> Yuan,
etc.

American businesses prefer to reduce the cost of doing business by not having to hedge against currency fluctuation risk in each transaction.

Whats good for the US, is not perse good for the rest of the world.
Its not about US hate, its about self-interest.
Title: Re: De-Dollarisation.
Post by: cufflinks on August 17, 2015, 10:39:08 PM
Serious question - what is the largest Euro note denomination readily accepted across the EU, RU and UA or would something like GBPs, NOKs or Swiss Francs be better to carry in an emergency as backup to the dollar?

500 Euro notes are available, but as noted, most people are scared of taking them so send you to a bank to change them (unless the transaction is circa 500 Euros). 100 Euro notes are more normal in use. UK £50 notes don't create many problems, but provincial shops try to not take them here as they are scared of fakes too. I never had a problem with £50 notes overseas, but they are more used to seeing £20's.

Good post thanks- expecting a massive Fed Bubble bond market correction here soon per trusted hedge fund contacts so just looking at a diversification strategy based upon what currencies are popular in Europe (500M+ Souls) considering the Chinese are manipulating their currency to remain competitive with their SEA local trading partners - with CAD tied to Oil not seeing Oil rebounding anytime soon as especially since oil broke through $42 support levels and can now free fall as far as $32 per barrel with Saudis and Iraq pumping at record rates an Iran coming on line to reestablish their own market shares and oil cash flows.

Even though Peter Schiff sells gold and could be called a gold bug this is NOT good news...

http://www.europac.com/commentaries/shot_not_heard_around_world
Title: Re: De-Dollarisation.
Post by: msmoby on August 18, 2015, 06:38:10 AM
  Moby thanks for your often clever, at times funny and productive posts.  tiphat

Thanks, Don .. but I reckon there are far funnier and more clever posters on here ... we just don't here from them enough.
Title: Re: De-Dollarisation.
Post by: Manny on September 01, 2015, 12:49:35 PM
Putin says dump dollar

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.
This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.

The bill would also help to facilitate trade in the region and help to achieve macro-economic stability.

Within the framework of the Eurasian Economic Union (EEU) the countries have also discussed the possibility of switching to national currencies. According to the agreement between Russia, Belarus, Armenia and Kazakhstan, an obligatory transition to settlements in the national currencies (Russian ruble, Belarusian ruble, dram and tenge respectively) must occur in 2025-2030.

Today, some 50 percent of turnover in the EEU is in dollars and euro, which increases the dependence of the union on countries issuing those currencies.

Outside the CIS and EEU, Russia and China have been trying to curtail the dollar’s dominance as well.

READ MORE: China approves usage of ruble instead of US dollar for border city (http://www.rt.com/business/312004-china-russia-ruble-currency/)

In August, China's central bank put the Russian ruble into circulation in Suifenhe City, Heilongjiang Province, launching a pilot two-currency (ruble and yuan) program. The ruble was introduced in place of the US dollar.

READ MORE: Time for Russia & Vietnam to think of switching to local currencies – Medvedev (http://www.rt.com/business/247373-russia-vietnam-local-currencies/)

In 2014, the Russian Central Bank and the People’s Bank of China signed a three-year currency swap agreement, worth 150 billion yuan (around $23.5 billion), thus boosting financial cooperation between the two countries.

Source (http://www.rt.com/business/313967-putin-says-dump-dollar/)
Title: Re: De-Dollarisation.
Post by: tfcrew on September 01, 2015, 02:27:48 PM
Putin says dump dollar

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar 

Well, yeah.
Could this be why?------------

As the the ruble goes in the toilet...........

1 US Dollar equals
66.59 Russian Ruble

(https://encrypted.google.com/finance/chart?biw=1024&bih=622&q=CURRENCY:USDRUB&tkr=1&p=5Y&chst=vkc&chs=229x94&chsc=1&ei=6QjmVY2iD8LFgwTHqYzIDA)
Title: Re: De-Dollarisation.
Post by: Manny on September 01, 2015, 02:38:18 PM
Putin says dump dollar

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar 

Well, yeah.
Could this be why?------------

As the the ruble goes in the toilet...........

1 US Dollar equals
66.59 Russian Ruble

(https://encrypted.google.com/finance/chart?biw=1024&bih=622&q=CURRENCY:USDRUB&tkr=1&p=5Y&chst=vkc&chs=229x94&chsc=1&ei=6QjmVY2iD8LFgwTHqYzIDA)

Not really, it has been underway for some time. The weakness of the rouble is relatively temporary.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 01, 2015, 02:42:24 PM
Whenever an intermediary currency is used in a transaction the costs increase. With the current volatility of the dollar the costs are magnified.

When transactions took a long time to be processed, days or even weeks, a stable intermediary currency made sense. Now, when a transaction is completed in microseconds the need for intermediaries is reduced.

Of course, for the currency previously used as intermediary there is a price to pay for not being the intermediary. Thus is not something that the intermediary currency issuer wants to see happen.

The current value of the ruble, or any other currency is not relevant here.

Transaction costs are the core issue. Although, of course, a desire to remove the dollar from the process is partly a reaction to political issues from the United States. I am certain though that if there was no practical alternative then this process would not be occurring.

It is likely that members of the EEU will, at some point in the not too distant future, form some kind of currency union, there is discussion of the topic but great concerns to not make the same errors as were made in the EU with the Euro.
Title: Re: De-Dollarisation.
Post by: Ste on September 01, 2015, 03:04:36 PM
I think basically the rouble is doing so poorly because nobody wants it...

rocketscience.com, derr...


.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 01, 2015, 03:37:34 PM
I think basically the rouble is doing so poorly because nobody wants it...

rocketscience.com, derr...


.

Doing so badly compared to what?

Don't make the mistake of thinking of relative currency values as analogous to a league table,  it isn't so.

Think instead of a currency exchange rate as an expression of price. Price reflects both value and strategy. There are times when one wants to sell at a high price and others when one absolutely does not. So, to take the currencies dollar and ruble: right now,  in some pairings the ruble has a lower price and in many cases the dollar has a high price compared to some point in the past.

However, US monetary policy is to get the value of the dollar down because right now it's price is too high. Problem is that even with almost zero interest rates they can't force the price down. Other countries including China and Russia are forcing the dollar price up as a matter of policy. The strategy has clear benefits to those countries and currencies. The policy of forcing the US into a position that does not suit it is a win for those so called 'weak'  currencies.

So, in most things do we regard the winner as the party that gets what they want or the party that doesn't?
Where I come from we tend to assume the 'winner' is the team/person/business that gets what they want and the loser is the one that does not get what they want.

There's more to it than that,  of course, but for sure having a high exchange rate compared over time to some other currency is far from being a universally good thing. Remember that devaluation and moving away from a fixed rate against the dollar is a matter of long term economic policy for both Russia and China.
Title: Re: De-Dollarisation.
Post by: tfcrew on September 01, 2015, 05:45:30 PM
The weakness of the rouble is relatively temporary.

Will it ever go back to the 2011 value?

 
Quote
  By Marc Bennetts — Special to The Washington Times - - Monday, August 31, 2015

MOSCOW — Irina Tashaeva, a 35-year-old housewife, has made a habit of checking world oil prices as she sits down to breakfast in her Moscow apartment.

“I never used to pay any attention at all,” she said. “But now I realize that the price of oil is directly linked to how well my family lives.”

Ms. Tashaeva is not the only Russian with both eyes on the global market for oil, which has fallen in just 12 months from $104 a barrel to around $50.

http://www.washingtontimes.com/news/2015/aug/31/russia-economy-shoppers-hit-by-falling-global-oil-/?utm_source=RSS_Feed&utm_medium=RSS

Nasdaq put oil today at $45.41
Title: Re: De-Dollarisation.
Post by: Anteros on September 01, 2015, 06:48:08 PM
The weakness of the rouble is relatively temporary.

Will it ever go back to the 2011 value?

 
Quote
  By Marc Bennetts — Special to The Washington Times - - Monday, August 31, 2015

MOSCOW — Irina Tashaeva, a 35-year-old housewife, has made a habit of checking world oil prices as she sits down to breakfast in her Moscow apartment.

“I never used to pay any attention at all,” she said. “But now I realize that the price of oil is directly linked to how well my family lives.”

Ms. Tashaeva is not the only Russian with both eyes on the global market for oil, which has fallen in just 12 months from $104 a barrel to around $50.

http://www.washingtontimes.com/news/2015/aug/31/russia-economy-shoppers-hit-by-falling-global-oil-/?utm_source=RSS_Feed&utm_medium=RSS

Nasdaq put oil today at $45.41

If we get a pro-business person in the White House and the USA could export oil we could really do some economic damage to those whose economy is so one dimensional. 
Title: Re: De-Dollarisation.
Post by: Anteros on September 01, 2015, 06:52:42 PM
Putin says dump dollar

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar 

Well, yeah.
Could this be why?------------

As the the ruble goes in the toilet...........

1 US Dollar equals
66.59 Russian Ruble

(https://encrypted.google.com/finance/chart?biw=1024&bih=622&q=CURRENCY:USDRUB&tkr=1&p=5Y&chst=vkc&chs=229x94&chsc=1&ei=6QjmVY2iD8LFgwTHqYzIDA)

Not really, it has been underway for some time. The weakness of the rouble is relatively temporary.


This would be true if Russia had a reformer at the helm, such as Medvedev.  Someone who would invest in Russian infrastructure and encourage investment from the West.  Someone who would have continued the prior efforts to make Russian property laws and other laws fair instead of favored to those with connections or willing to pay bribes.

Putin can move to claim areas of the Arctic and those are good moves however the Russian economy would be much better if they were still getting the latest oil-drilling technologies from the West.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 01, 2015, 07:12:40 PM
Most of the folks I use for services are happy to take greenbacks

You can spend them still in Ukraine?

Yes. Not sure what the problem you feel is with greenback.

I exchanged both $ (US) and € with out problem earlier this year. The person in the both noticed I had some Koruna and she gave me a favorable rate of exchange for these notes as well. The next client had rubles and it seemed allot more difficult, many notes were rejected.
Title: Re: De-Dollarisation.
Post by: bagalia on September 01, 2015, 07:31:27 PM
Wherever there is a dollar there will be a person wanting to make a profit from it. The fewer there are, the larger the profit. It will be like guns in America. Putin will need to pry them from the dead hands of little old pensioners.
Title: Re: De-Dollarisation.
Post by: Anteros on September 01, 2015, 07:43:49 PM
Wherever there is a dollar there will be a person wanting to make a profit from it. The fewer there are, the larger the profit. It will be like guns in America. Putin will need to pry them from the dead hands of little old pensioners.


True, but more importantly he will need to pry them from the hands of Oligarchs, and he's failed to do so.
Title: Re: De-Dollarisation.
Post by: Manny on September 02, 2015, 01:50:47 AM
Most of the folks I use for services are happy to take greenbacks

You can spend them still in Ukraine?

Yes. Not sure what the problem you feel is with greenback.

I exchanged both $ (US) and € with out problem earlier this year. The person in the both noticed I had some Koruna and she gave me a favorable rate of exchange for these notes as well. The next client had rubles and it seemed allot more difficult, many notes were rejected.

"Spending" is not the same as "Exchanging".
Title: Re: De-Dollarisation.
Post by: Manny on September 02, 2015, 01:53:56 AM
encourage investment from the West. 

The west is the last place Russia will be looking for inward investment for decades. The sanctions malarkey has shown the west to be an unreliable partner. The west is now for selling stuff to.

The Q&A yesterday shows quite clearly where they are heading: http://en.kremlin.ru/events/president/news/50207
Title: Re: De-Dollarisation.
Post by: Markje on September 02, 2015, 02:14:31 AM

The Q&A yesterday shows quite clearly where they are heading: http://en.kremlin.ru/events/president/news/50207
Interesting quote from Putin:
Quote from: Putin
Among the endemic problems is the persistent desire of certain states to retain their dominance in global affairs at any cost. While declaring norms of democracy, supremacy of law and human rights in their own countries, they ignore the same on the international arena, actually denouncing the principle of sovereign equality of all states laid down in the UN Charter.
Title: Re: De-Dollarisation.
Post by: msmoby on September 02, 2015, 03:58:43 AM

Interesting quote from Putin:
''Among the endemic problems is the persistent desire of certain states to retain their dominance in global affairs at any cost. While declaring norms of democracy, supremacy of law and human rights in their own countries, they ignore the same on the international arena, actually denouncing the principle of sovereign equality of all states laid down in the UN Charter.''

Hmm, it looks like no-one in his speech writing team had their irony sensors tuned in.... 
Title: Re: De-Dollarisation.
Post by: AvHdB on September 02, 2015, 05:52:29 AM
Most of the folks I use for services are happy to take greenbacks

You can spend them still in Ukraine?

Yes. Not sure what the problem you feel is with greenback.

I exchanged both $ (US) and € with out problem earlier this year. The person in the both noticed I had some Koruna and she gave me a favorable rate of exchange for these notes as well. The next client had rubles and it seemed allot more difficult, many notes were rejected.

"Spending" is not the same as "Exchanging".

Because Julia, has both a brother and uncle in Moscow so she often has rubles. In shops in Kiev the owners often refused accepting this 'currency'. A greenback or a door note is welcomed.

Perhaps you can share your most recent expierence in Kiev with currency?
Title: Re: De-Dollarisation.
Post by: andrewfi on September 02, 2015, 06:35:31 AM
encourage investment from the West. 

The west is the last place Russia will be looking for inward investment for decades. The sanctions malarkey has shown the west to be an unreliable partner. The west is now for selling stuff to.

The Q&A yesterday shows quite clearly where they are heading: http://en.kremlin.ru/events/president/news/50207

To be fair, there is quite a lot of inward investment going on from western firms right now - some in clear contravention of the principles of the illegal sanctions. Russia welcomes this because they are now following the Chinese model under which investments become both money and technology. At this time they are not insisting upon joint ventures as they Chinese did, although, in practice, many of these ventures are JVs.
Title: Re: De-Dollarisation.
Post by: Anteros on September 02, 2015, 01:11:54 PM
encourage investment from the West. 

The west is the last place Russia will be looking for inward investment for decades. The sanctions malarkey has shown the west to be an unreliable partner. The west is now for selling stuff to.

The Q&A yesterday shows quite clearly where they are heading: http://en.kremlin.ru/events/president/news/50207


The West is entirely reliable provided that Russia were following International Law.  I should not need to remind you how many countries voted for the UN resolution condemning the annexation of Crimea.  And yet I believe that Obama and others in the West would have allowed the sanctions to expire if there had not been clear evidence of further meddling by Russia with the sovereignty of Ukraine by their invasion of Lugansk and Donetsk with thousands of troops and tanks, the ones you claim are not there.

In other words I suspect the West would have slowly accepted Crimea if that was all there had been, but unfortunately it was not.

Either way your statement begs an answer.  Does Russia now believe that there is a new cold war, and that all possibilities of any further cooperation with the West is kaput?  Just curious what your opinion is on that.  Clearly the Russian oil drilling industries could benefit from the latest Western technologies.
Title: Re: De-Dollarisation.
Post by: Manny on September 02, 2015, 02:52:33 PM
The West is entirely reliable provided that Russia were following International Law.  I should not need to remind you how many countries voted for the UN resolution condemning the annexation of Crimea.  And yet I believe that Obama and others in the West would have allowed the sanctions to expire if there had not been clear evidence of further meddling by Russia with the sovereignty of Ukraine by their invasion of Lugansk and Donetsk with thousands of troops and tanks, the ones you claim are not there.

Here, we are just *miles* apart on every level, so no point in debating that paragraph.

In other words I suspect the West would have slowly accepted Crimea if that was all there had been, but unfortunately it was not.

It matters not if the "west" accepts Crimea is now in Russia. It is and will stay there. They will in time. Italy, France and others have done so already.

Does Russia now believe that there is a new cold war,

There is, and Russia didn't choose it.

and that all possibilities of any further cooperation with the West is kaput?  Just curious what your opinion is on that. 

Well, the west is not one entity. Co-operation with the US will be on a quid pro quo basis for the foreseeable future. It very much depends how the next president handles the relationship with Russia. Europe will come back to Russia faster as we are starting to see.

Clearly the Russian oil drilling industries could benefit from the latest Western technologies.

And the US needs Russian technology/engines/co-operation with space stuff. And maybe to fight ISIS too. Its all an exchange of value isn't it? The world is no longer uni-polar. Russia wont be bullied. Once the US catches on to that idea it will co-operate with Russia and China just as it has done with Cuba and Iran (where decades of sanctions changed nothing). All sides need something the other has, and that is the *best* basis of ongoing peace.

De-dollarisation wont go away though. That is a long-term, well thought out plan with a firm objective that must succeed. Many countries are now on-board (including biggest economy, biggest country and most populous countries). That wont go away. It might take 20 years to complete, but it needs to happen. The power structure in the world needs to change and the constant US wars and regime changes needs to be stopped. The only way to do that without a major war is to reduce dollar usage and kill US power with economics. It will probably implode the American economy in the process, but it is what it is.
Title: Re: De-Dollarisation.
Post by: Anteros on September 02, 2015, 03:05:34 PM
The West is entirely reliable provided that Russia were following International Law.  I should not need to remind you how many countries voted for the UN resolution condemning the annexation of Crimea.  And yet I believe that Obama and others in the West would have allowed the sanctions to expire if there had not been clear evidence of further meddling by Russia with the sovereignty of Ukraine by their invasion of Lugansk and Donetsk with thousands of troops and tanks, the ones you claim are not there.

Here, we are just *miles* apart on every level, so no point in debating that paragraph.

In other words I suspect the West would have slowly accepted Crimea if that was all there had been, but unfortunately it was not.

It matters not if the "west" accepts Crimea is now in Russia. It is and will stay there. They will in time. Italy, France and others have done so already.

Does Russia now believe that there is a new cold war,

There is, and Russia didn't choose it.

and that all possibilities of any further cooperation with the West is kaput?  Just curious what your opinion is on that. 

Well, the west is not one entity. Co-operation with the US will be on a quid pro quo basis for the foreseeable future. It very much depends how the next president handles the relationship with Russia. Europe will come back to Russia faster as we are starting to see.

Clearly the Russian oil drilling industries could benefit from the latest Western technologies.

And the US needs Russian technology/engines/co-operation with space stuff. And maybe to fight ISIS too. Its all an exchange of value isn't it? The world is no longer uni-polar. Russia wont be bullied. Once the US catches on to that idea it will co-operate with Russia and China just as it has done with Cuba and Iran (where decades of sanctions changed nothing). All sides need something the other has, and that is the *best* basis of ongoing peace.

De-dollarisation wont go away though. That is a long-term, well thought out plan with a firm objective that must succeed. Many countries are now on-board (including biggest economy, biggest country and most populous countries). That wont go away. It might take 20 years to complete, but it needs to happen. The power structure in the world needs to change and the constant US wars and regime changes needs to be stopped. The only way to do that without a major war is to reduce dollar usage and kill US power with economics. It will probably implode the American economy in the process, but it is what it is.

Go Trump!  He says he could deal with Putin, and whatever that means, maybe he can!  He's a businessman, he's motivated by money and success and I doubt he would resort to war.  So let's hope Trump is the guy!   :chuckle:
Title: Re: De-Dollarisation.
Post by: Manny on September 02, 2015, 03:21:23 PM
Go Trump!  He says he could deal with Putin, and whatever that means, maybe he can!  He's a businessman, he's motivated by money and success and I doubt he would resort to war.  So let's hope Trump is the guy!   :chuckle:

Y'know, I don't know so much about internal US day-to-day stuff, Obamacare, race relations, cop shootings and all that, but internationally, Trump is your best bet. Trump has a better chance of finding common ground with Putin than any of those other Muppets that seem to be in the race. Y'all *really* want to elect ANOTHER Clinton or Bush for more of the same? Really?  :sick0012:

Trump talks some crap, is crude and uncultured, and is winging it much of the time, but like any businessman, when sat down, he will find common interests. Imagine a politician who loves his country and cannot be bought by pressure groups and lobbyists? That is why I like Trump - he is uncorruptible. He has a chance of finding common ground with Russia. Probably based on trade. You may all be buying Ladas - assembled in America -  in five years.

It wont change the de-dollarisation plan though.
Title: Re: De-Dollarisation.
Post by: Anteros on September 02, 2015, 04:02:30 PM
Go Trump!  He says he could deal with Putin, and whatever that means, maybe he can!  He's a businessman, he's motivated by money and success and I doubt he would resort to war.  So let's hope Trump is the guy!   :chuckle:

Y'know, I don't know so much about internal US day-to-day stuff, Obamacare, race relations, cop shootings and all that, but internationally, Trump is your best bet. Trump has a better chance of finding common ground with Putin than any of those other Muppets that seem to be in the race. Y'all *really* want to elect ANOTHER Clinton or Bush for more of the same? Really?  :sick0012:

Trump talks some crap, is crude and uncultured, and is winging it much of the time, but like any businessman, when sat down, he will find common interests. Imagine a politician who loves his country and cannot be bought by pressure groups and lobbyists? That is why I like Trump - he is uncorruptible. He has a chance of finding common ground with Russia. Probably based on trade. You may all be buying Ladas - assembled in America -  in five years.

It wont change the de-dollarisation plan though.

You were talking a lot of sense, then you had to go and throw in that last statement which I bolded.   :chuckle:

The Dollar may yet fall out of favor on the World stage, but it won't be Russia or China which brings it's demise, it'll be the likes of another Clinton or Obama who bankrupts us!
Title: Re: De-Dollarisation.
Post by: cufflinks on September 02, 2015, 04:08:36 PM
By then - 20 years or so we will have invaded the lawless narco terrorists Latin Central and South Americas and forced Law and Order down their murderous throats (150,000 People Killed and Missing in mass graves) by President Trump and we will have adopted the Sovereign Currency the Amero across all the Americas from Alaska to Ottawa to NYC to Patagonia...

A One Billion persons Americas Trading Block is the only real way to fight the massive Asian invasion and even more stark European capitulation.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 02, 2015, 07:42:39 PM
It wont change the de-dollarisation plan though.

You were talking a lot of sense, then you had to go and throw in that last statement which I bolded.   :chuckle:

The Dollar may yet fall out of favor on the World stage, but it won't be Russia or China which brings it's demise, it'll be the likes of another Clinton or Obama who bankrupts us!

In a sense Anteros you are correct, American will shot itself in the foot. But to blame Bill Clinton is unfair. We had a decent balance of trade and infact virtually no deficit at the end of his presidency.

I suspect Manny's dislike of Bill Clinton is for an entirely different reason. And no it was not because he had a cigar fetish.

Mod edit to correct quotes
Title: Re: De-Dollarisation.
Post by: Anteros on September 02, 2015, 10:16:14 PM
Go Trump!  He says he could deal with Putin, and whatever that means, maybe he can!  He's a businessman, he's motivated by money and success and I doubt he would resort to war.  So let's hope Trump is the guy!   :chuckle:

Y'know, I don't know so much about internal US day-to-day stuff, Obamacare, race relations, cop shootings and all that, but internationally, Trump is your best bet. Trump has a better chance of finding common ground with Putin than any of those other Muppets that seem to be in the race. Y'all *really* want to elect ANOTHER Clinton or Bush for more of the same? Really?  :sick0012:

Trump talks some crap, is crude and uncultured, and is winging it much of the time, but like any businessman, when sat down, he will find common interests. Imagine a politician who loves his country and cannot be bought by pressure groups and lobbyists? That is why I like Trump - he is uncorruptible. He has a chance of finding common ground with Russia. Probably based on trade. You may all be buying Ladas - assembled in America -  in five years.

It wont change the de-dollarisation plan though.

You were talking a lot of sense, then you had to go and throw in that last statement which I bolded.   :chuckle:

The Dollar may yet fall out of favor on the World stage, but it won't be Russia or China which brings it's demise, it'll be the likes of another Clinton or Obama who bankrupts us!

AvHdb, for some unknown reason you just attributed a quote made by Manny to me and my quote to Manny [edit - now fixed].  I'm assuming you're just bored and want to see if I would notice?   :)


PS... both Manny and I were referring to "another Clinton" meaning Hillary Clinton, not Bill.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 03, 2015, 05:22:17 AM

AvHdb, for some unknown reason you just attributed a quote made by Manny to me and my quote to Manny [edit - now fixed].  I'm assuming you're just bored and want to see if I would notice?   :)


PS... both Manny and I were referring to "another Clinton" meaning Hillary Clinton, not Bill.

Mods, my excuses & thank you. Since the reference was clear to past & present president(s). One most assume Bill. As far as I know the carpet muncher is not yet in the White House as (um) commander and chief.
Title: Re: De-Dollarisation.
Post by: Anteros on September 03, 2015, 10:45:43 AM

AvHdb, for some unknown reason you just attributed a quote made by Manny to me and my quote to Manny [edit - now fixed].  I'm assuming you're just bored and want to see if I would notice?   :)


PS... both Manny and I were referring to "another Clinton" meaning Hillary Clinton, not Bill.

Mods, my excuses & thank you. Since the reference was clear to past & present president(s). One most assume Bill. As far as I know the carpet muncher is not yet in the White House as (um) commander and chief.

Hopefully she (Hillary) will soon be under indictment by the FBI and any delusions of being in the White House will be over for her.  The USA needs a pro-business President to turn our economy around.
Title: Re: De-Dollarisation.
Post by: shakespear on September 03, 2015, 10:59:20 AM
Hopefully she (Hillary) will soon be under indictment by the FBI and any delusions of being in the White House will be over for her.  The USA needs a pro-business President to turn our economy around.

The aide that programed her server has just today informed the select committee on Bengazhi that he plans to take the 5th on any and all questions put before him.
Title: Re: De-Dollarisation.
Post by: Anteros on September 03, 2015, 12:16:11 PM
Hopefully she (Hillary) will soon be under indictment by the FBI and any delusions of being in the White House will be over for her.  The USA needs a pro-business President to turn our economy around.

The aide that programed her server has just today informed the select committee on Bengazhi that he plans to take the 5th on any and all questions put before him.

This really says it all, and yet the Hillary supporters claim there is a "right wing conspiracy" to go after her.  Truly shows how divided this country is and how different the perception of reality is for the two sides.   :coffeeread:
Title: Re: De-Dollarisation.
Post by: B.B. on September 03, 2015, 03:20:59 PM
...and we will have adopted the Sovereign Currency the Amero across all the Americas from Alaska to Ottawa to NYC to Patagonia...

Won't happen, which is better for all parties, but it will be fun for the conspiracy theorists to go on about. 

A One Billion persons Americas Trading Block is the only real way to fight the massive Asian invasion and even more stark European capitulation.

Plus the UK.  After the Brexit they're going to recast "NAFTA" as the "North Atlantic Free Trade Agreement" to let granny, with at least a shred of her pride intact.  :chuckle:

B/B
Title: Re: De-Dollarisation.
Post by: cufflinks on September 03, 2015, 06:49:29 PM
...and we will have adopted the Sovereign Currency the Amero across all the Americas from Alaska to Ottawa to NYC to Patagonia...

Won't happen, which is better for all parties, but it will be fun for the conspiracy theorists to go on about. 

A One Billion persons Americas Trading Block is the only real way to fight the massive Asian invasion and even more stark European capitulation.

Plus the UK.  After the Brexit they're going to recast "NAFTA" as the "North Atlantic Free Trade Agreement" to let granny, with at least a shred of her pride intact.  :chuckle:

B/B

We do not do anything without "Granny's" financial centers and political approval (Rothschild's, BOE, BAE, BP, Lloyd's and the Big Bensters)  - we are already tied to the hip so might as well formalize it "North Atlantic Free Trade Agreement" works for me as long as they keep the non sovereign Euro currency on their side of the pond - Interesting the Blighters never gave up their sovereing currency the GBP and never suffered the fates of the PIIGS or is in now more PC to call them the GIIPS ooops giips or gypster is also a perjorative ... PIIGS it is.
Title: Re: De-Dollarisation.
Post by: Manny on September 12, 2015, 02:49:24 AM
Washington’s Financial Currency War on China: The Eclipsing of the US Dollar by the Yuan

The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street.

Fearing the eclipsing of the US dollar and the Bretton Woods system by a rival financial architecture the US response has been an attempt to damage the Chinese markets and increase the value of China’s currency. China has responded through regulations in the market and then quantitative easing of its currency to maintain the low prices of Chinese manufactured goods and exports.

Read the rest here: http://www.globalresearch.ca/washingtons-financialcurrency-war-on-china-eclipsing-of-us-dollar-by-yuan/5473064
Title: Re: De-Dollarisation.
Post by: andrewfi on September 12, 2015, 06:13:52 AM
It is worth noting that the actions being roundly criticised by 'The West' as showing weakness in the economy and poor management are exactly the things that China's long term economic policy demands.

This is much the same as happened in Russia last year. Those changes will, undoubtedly cause some disruption, just as doing so did in the US back when they were moving into a position of primacy over a century ago.

History is interesting sometimes. ;)

Title: Re: De-Dollarisation.
Post by: cufflinks on September 12, 2015, 07:38:57 PM
Dedollarization can only happen when the global trading partners can actually trust the alternatives - Bitcoin - no got hacked and MTGOX lost hundreds of millions USD worth...

The Chinese Yuan/Renminbi - the most corrput and manipulated government on the planet seconded only by Nigeria and Russia and Mexico and the Obamunists???

This would be laughable if it were not true:

http://www.businessinsider.com/barrons-cover-story-warns-alibaba-50-percent-2015-9

Barron's devastating cover story on Alibaba predicts the stock will tank 50%, and that's not even the worst of it...

This is how the entire rotten crooked Chinese country is run:

Chinese online retailing behemoth Alibaba took the stock market by storm when it went public almost exactly a year ago.

The September 19, 2014 IPO priced at $68 per share, giving the company an eye-popping valuation of $168 billion.

“Today what we got is not money," CEO Jack Ma said that day. "What we got is the trust from the people."

But in a new, devastating 3000-word cover story for Barron's, Jonathan Laing struggles to find any redeeming qualities in the company and its stock.

For starters, Laing believes the stock, which closed at $64.68 on Friday, is worth half that.

... Forty-five of the 52 brokerage analysts covering the company still have Buy recommendations on the stock, according to Bloomberg ... The average price target of this crowd: $95.50, up nearly 50% from the current level. It’s time to get real. A decline of up to 50% looks far more likely. Alibaba shares trade at about 25 times the consensus earnings estimate for the year ahead, and that should be closer to eBay ’s (EBAY) multiple of 15 ...

In addition to the rich valuation, Laing warns about competition and discusses the history of Chinese IPOs that went from hot to cold.

However, the bulk of Laing's screed raises red flags about corporate governance, conflicts of interest, counterfeit goods, and various other questionable business practices.

Particularly disturbing was the suggestion that Ma and his team might actually be making up some numbers, including its very flashy revenue growth stats, which Laing notes are considerably larger than other large tech growth companies like Google, Amazon.com, and Facebook.

... Anne Stevenson-Yang, founder of Chinese research firm JCapital Research, has closely tracked the mainland e-commerce industry in general and Alibaba specifically. She finds the growth numbers puzzling. She observes that “Alibaba’s financial reports have broken free of verifiable reality and have reached an escape velocity that doesn’t comport with Chinese government figures of overall retail sales, consumer spending, or online commerce.” Consider this: Alibaba claims to have 367 million users — about the same as one government agency’s estimate of China’s entire online-shopping population. Or this: Alibaba claims its average shopper spends 26% more on its sites each year than the average U.S. online shopper spends on all sites. Does that make any sense, given American consumers’ far greater affluence and ability to avail themselves of a vastly more developed e-commerce ecosystem?

... That $1,215 average spend at Alibaba also seems high in view of the total average annual per capita expenditure in China, online and at physical stores; that stands at about $2,260. It strains credulity that the average Alibaba user would spend over half of his consumer outlays on Taobao and Tmall, given that the sites have a negligible presence in categories that account for the bulk of consumer spending, like food and beverages, housing, transportation, home health products, and restaurant dining ...

Laing notes that Alibaba denies any of its reported figures have been inflated.

Ma's rags-to-riches story and disarming charm has probably helped Alibaba sell an image of integrity. But Laing's take-down of the company is comprehensive and detailed enough that you can't help but be left with a little doubt in your mind that something fishy is going on at the company.

"In the end, gaudy financial reports can only work for so long before reality intrudes," Laing writes. "This hard lesson figures to be driven home to Ma and his trusting investors in the coming years, and it won’t be pretty. "
Title: Re: De-Dollarisation.
Post by: Manny on September 24, 2015, 10:16:14 AM
Quote
Russia added about 13 tons [of gold to its reserves] in July and 24 tons the month before that. As tensions escalate with the U.S., the UK and the EU, Russia appears to be intensifying efforts to diversify out of their large dollar holdings and into physical gold.

http://russia-insider.com/en/politics/russian-gold-spree-continues-31-tonnes-august-alone/ri9856
Title: Re: De-Dollarisation.
Post by: cufflinks on September 24, 2015, 10:37:55 AM
At the same time Obama licking his ISIS wounds and wishing he had never agreed to Hitlerys social justice warrior marxist feminist human and womens rights at any costs Arab Spring debacles that have replaced warlords who could be influenced with the rabid fanatic radical islamist ISIS Army determined to scrub the lands of Islam of any infidels including Londonistan and Europastans which are currently being invaded by an army of 3 million Islamist ISIS sympatico Radicals determined to bring Sharia Law under control of Mecca and Tehran to all of Europa.

Obama is privately relieved to be politically and militarily bailed out by Putin who was right when he warned be careful who you human rights at all costs Obamunists SJWs replace Assad with unless you want another Iran/Iraq Yemen and Egypt and Libya chaotic islamist radicalized ISIS Army strongholds on your hands.

Putin was right the so called neutral Syrians were in fact ISIS sympathizers of like mind and spirit.

At least Obama was timid enough not to commit 100,000 US troops on the ground of Syria - yet.
Title: Re: De-Dollarisation.
Post by: Tom Cat on September 24, 2015, 05:11:12 PM
Are China and Russia making moves against the dollar?

China, Russia and the Still-Almighty Dollar

http://www.usnews.com/news/articles/2015/09/24/are-china-and-russia-trying-to-undermine-the-us-dollar
Title: Re: De-Dollarisation.
Post by: WestCoast on September 24, 2015, 06:03:55 PM
Are China and Russia making moves against the dollar?

China, Russia and the Still-Almighty Dollar

http://www.usnews.com/news/articles/2015/09/24/are-china-and-russia-trying-to-undermine-the-us-dollar

China and Russia might very well be trying to weaken the US dollar however it isn't working. The Russian ruble is trading at 66 rubles to a single US dollar. China recently weakened its currency vs the US dollar. It either country is trying to weaken the US dollar it is backfiring on them.
Title: Re: De-Dollarisation.
Post by: Manny on September 25, 2015, 02:14:32 AM
Are China and Russia making moves against the dollar?

China, Russia and the Still-Almighty Dollar

http://www.usnews.com/news/articles/2015/09/24/are-china-and-russia-trying-to-undermine-the-us-dollar

China and Russia might very well be trying to weaken the US dollar however it isn't working. The Russian ruble is trading at 66 rubles to a single US dollar. China recently weakened its currency vs the US dollar. It either country is trying to weaken the US dollar it is backfiring on them.

It is not about bare exchange rates today or tomorrow. De-dollarisation is a long term project with long-term objectives.

If Russia and China (and other countries) reduce dollar usage, and dump dollar denominated instruments, as they are both doing, take a stab at what happens over time to the dollar?
Title: Re: De-Dollarisation.
Post by: andrewfi on September 25, 2015, 07:55:01 AM
Westcoast, you are falling into the naive trap about exchange rates that most uneducated people fall into.

If two currencies trade at a given value then it is safe to assume that the 'correct' value for each is the value at which it was last sold - makes sense, yes?

Of course the 'correct' value can change over time but not usually overnight, or in the space of seconds. That's why investors and speculators both look at the fundamentals of the objects in which they are planning to trade. (or seek out arbitrage opportunities for short term deals).

There have been no earthquakes in China, no outbreaks of Bubonic plague, no strikes by dock workers or iPhone assemblers at Foxconn.

The fundamentals are not changing rapidly in China - they ARE changing though.

So, the other side of the coin from your suggestion is that the US dollar is now overvalued in comparison to the other side of the deal - the renminbi (and ruble).
This is the part that most folks who trouser dollars don't get.
The Chinese (and Russians) as a matter of ongoing economic policy WANT an overvalued dollar in comparison to their domestic currencies.

There's lots of reasons for it but here's one: both countries hold large stocks of US dollars as cash or as paper obligations. If they want to de-dollarise, as both have said they do, then an overvalued dollar is an essential part of the overall strategy, at least for the time being. That's because now is the best time to get rid of their holdings of dollars. better yet, because the US is still working to a strong dollar strategy the Fed will continue to force the dollar to remain high even as the Russians and Chinese liquidate into what should be a falling market - falling because of the oversupply of dollars.

Look at what the Chinese and Russians are doing -they ARE liquidating dollar assets and their people are in the US buying up assets with their own dollar holdings. On top of that they are stocking up on gold, the price of which is being held down by the US.

Don't forget that the Chinese economy is still expanding at a furious rate, albeit lower than hitherto. The US economy: probably in recession when looking at 'real' data. Even Russia is doing better than 'experts' from the US reckon - for evidence: rail freight volume was up by almost 1% last month. That means the economy is not contracting but expanding - goods and raw materials travel by train in Russia and so gives a good forward indicator of the state of the economy, just as the Baltic Index does for global trade.
On the other hand, in the US, oil output is now falling, energy consumption is falling (again forward indicators of the economy) and Russia has overtaken the US to become the world's largest producer of crude oil and condensates.

The ONLY way for Russia and China to de-dollarise is to force the US into carrying an overvalued currency, not supported by fundamentals. If that process does not take place there is no way in which Russia and China can liquidate their dollar holdings in a cost effective manner.

Right now, the sensible domestic holder of dollars should be praying for the renminbi and ruble to appreciate - but US thought leaders won't allow that to happen. ;)
Title: Re: De-Dollarisation.
Post by: msmoby on September 25, 2015, 10:15:57 AM
Westcoast, you are falling into the naive trap about exchange rates that most uneducated people fall into.


Of course the 'correct' value can change over time but not usually overnight, or in the space of seconds. That's why investors and speculators both look at the fundamentals of the objects in which they are planning to trade. (or seek out arbitrage opportunities for short term deals).




This is the part that most folks who trouser dollars don't get.
The Chinese (and Russians) as a matter of ongoing economic policy WANT an overvalued dollar in comparison to their domestic currencies.


Look at what the Chinese and Russians are doing -they ARE liquidating dollar assets and their people are in the US buying up assets with their own dollar holdings. On top of that they are stocking up on gold, the price of which is being held down by the US.

Don't forget that the Chinese economy is still expanding at a furious rate, albeit lower than hitherto. The US economy: probably in recession when looking at 'real' data. Even Russia is doing better than 'experts' from the US reckon - for evidence: rail freight volume was up by almost 1% last month. That means the economy is not contracting but expanding - goods and raw materials travel by train in Russia and so gives a good forward indicator of the state of the economy, just as the Baltic Index does for global trade.
On the other hand, in the US, oil output is now falling, energy consumption is falling (again forward indicators of the economy) and Russia has overtaken the US to become the world's largest producer of crude oil and condensates.

The ONLY way for Russia and China to de-dollarise is to force the US into carrying an overvalued currency, not supported by fundamentals. If that process does not take place there is no way in which Russia and China can liquidate their dollar holdings in a cost effective manner.

Right now, the sensible domestic holder of dollars should be praying for the renminbi and ruble to appreciate - but US thought leaders won't allow that to happen. ;)

If andrewfi didn't forget what he had written elsewhere on this forum, a random passer by might nearly think he knew stuff about the real world..

In the meantime China buys and sells in dollars and your average Russian still realises that the Dollar has, historically, continued to earn them more money under the bed  - than keeping roubles in the bank..

The standard andrewfi response will be, '' I will be proven correct'' - but in the meantime - when he spins that something is on the up - thus proving his point - you can guarantee investing the opposite way from his recommendation earns real profit.

Title: Re: De-Dollarisation.
Post by: WestCoast on September 25, 2015, 11:42:48 AM
Westcoast, you are falling into the naive trap about exchange rates that most uneducated people fall into.

If two currencies trade at a given value then it is safe to assume that the 'correct' value for each is the value at which it was last sold - makes sense, yes?

Of course the 'correct' value can change over time but not usually overnight, or in the space of seconds. That's why investors and speculators both look at the fundamentals of the objects in which they are planning to trade. (or seek out arbitrage opportunities for short term deals).

There have been no earthquakes in China, no outbreaks of Bubonic plague, no strikes by dock workers or iPhone assemblers at Foxconn.

The fundamentals are not changing rapidly in China - they ARE changing though.

So, the other side of the coin from your suggestion is that the US dollar is now overvalued in comparison to the other side of the deal - the renminbi (and ruble).
This is the part that most folks who trouser dollars don't get.
The Chinese (and Russians) as a matter of ongoing economic policy WANT an overvalued dollar in comparison to their domestic currencies.

There's lots of reasons for it but here's one: both countries hold large stocks of US dollars as cash or as paper obligations. If they want to de-dollarise, as both have said they do, then an overvalued dollar is an essential part of the overall strategy, at least for the time being. That's because now is the best time to get rid of their holdings of dollars. better yet, because the US is still working to a strong dollar strategy the Fed will continue to force the dollar to remain high even as the Russians and Chinese liquidate into what should be a falling market - falling because of the oversupply of dollars.

Look at what the Chinese and Russians are doing -they ARE liquidating dollar assets and their people are in the US buying up assets with their own dollar holdings. On top of that they are stocking up on gold, the price of which is being held down by the US.

Don't forget that the Chinese economy is still expanding at a furious rate, albeit lower than hitherto. The US economy: probably in recession when looking at 'real' data. Even Russia is doing better than 'experts' from the US reckon - for evidence: rail freight volume was up by almost 1% last month. That means the economy is not contracting but expanding - goods and raw materials travel by train in Russia and so gives a good forward indicator of the state of the economy, just as the Baltic Index does for global trade.
On the other hand, in the US, oil output is now falling, energy consumption is falling (again forward indicators of the economy) and Russia has overtaken the US to become the world's largest producer of crude oil and condensates.

The ONLY way for Russia and China to de-dollarise is to force the US into carrying an overvalued currency, not supported by fundamentals. If that process does not take place there is no way in which Russia and China can liquidate their dollar holdings in a cost effective manner.

Right now, the sensible domestic holder of dollars should be praying for the renminbi and ruble to appreciate - but US thought leaders won't allow that to happen. ;)

Andrew, the US has been saying for a long time that the yuan is undervalued against the US dollar. The Chinese government keeps the yuan in a tight trading range vs the US dollar. The US government wants the yuan to rise in value versus the US dollar.

If the value of the yuan rises vs the US dollar then Chinese made goods are more expensive in the US. Chinese manufacturing costs are more expensive for US companies doing business in China and there's a better chance that fewer US companies will outsource to China. If the yuan rises vs the US dollar then because of the higher cost of doing business in China some manufacturing by US companies in China will return to the US to manufacture their goods, creating jobs in the US and increasing US GDP.   

Andrew to put in plainly so you'll have no troubles understanding it, the US government would absolutely love for the value of the yuan to rise vs the US dollar. The US government does not want a cheap yuan, the Chinese government wants a cheap yuan vs the US dollar.

As for Russia, all that has to happen there is for oil to remain cheap and Russia's screwed. Russia receives somewhere around 68% of its foreign revenue from oil and natural gas (http://www.eia.gov/todayinenergy/detail.cfm?id=17231). Russia's break even point for oil is quite high at about $105/barrel (http://www.theguardian.com/news/datablog/2014/oct/16/datablog-low-oil-prices-chill-producer-economies), if the price of oil remains low Russia has few options outside its borders. 

If the price of oil remains low how is Russia paying its foreign bills? Simple it's using its foreign currency holdings including presumably US dollars to pay the bills. About the only bright spot for Russia is that it has large gold deposits that can be mined and paid for in rubles. Is Russia stockpiling this gold or is it also using this mined gold to pay its bills? Probably no way to know. However, if the price of oil and natural gas remains well below $105/barrel for years then it's a pretty fair bet that Russia will have to mine all the precious metals it can find to pay for imports.


 
Title: Re: De-Dollarisation.
Post by: Manny on September 25, 2015, 12:39:42 PM
Is Russia stockpiling this gold or is it also using this mined gold to pay its bills? Probably no way to know.

Read and learn stuff.

Russia is buying gold. 31 tons in August. I linked it here already. They are aiming to have a currency backed by gold eventually and not trillions of debt as the US does. We used to call it the gold standard. I think we dropped it in the 30's.

The dollar is supported by nothing but confidence. Stop using it, remove the confidence, add the trillions of debt and...............

............no more American wars.  :party0011:

What is the alternative? Sit back and watch America invade Africa next? South America again? Maybe one day it will be the EU. It needs to stop. De-dollarisation is the only peaceful way. American aggression around he world needs to be hemmed in. Vlad will sort out the mess the Yanks made with ISIS (watch the UN speech next week) and then a more multi-polar world will continue to develop.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 25, 2015, 01:13:44 PM
Westy, old man, you are kinda making my point about lack of understanding AND about Chinese policy all at the same time and you don't understand why. ;)

I can recommend some books to teach you the basics of FX if you wish.

Yes, the US would LIKE the yuan to be higher but as you missed, or did not understand, the devaluation of the yuan is Chinese policy. They made the choice to move the peg boundaries downward. US policy does not support a dollar at a lower rate.

As some folks say 'want without a plan = fantasy' well, it is true and it is how the US is managing its economic affairs right now.

The more overvalued the dollar becomes against key currencies the less useful it becomes to the users of those currencies as an intermediary.
The mopre volatile the dollar becomes in terms of those currencies the less useful it becomes as an intermediary currency to holders of other currencies.

Remember, and this is the bit you don't get (as an international banker I really don't get how you can not understand this stuff...): China WANTS an over valued dollar. (or more accurately a correctly valued dollar in yuan terms) Previously the yuan (renminbin) was overvalued, now the Chinese are slowly allowing the currency to find its 'natural' level, its market clearing price, if you like. Russia has been doing the same for about 4 years now and is broadly speaking, about where they want to be. China may go a little faster and take the risk of upsetting their citizens a little more than Russia was comfortable with.

You see, when the yuan was overvalued it was like giving the US free money, a discount on every purchase.
To make matters worse they were buying US debt and had little expectation of being able to get their money back. it was like a car dealer was giving the customer money to buy the car. It is OK as a special offer but it is no way to run a business long term.

The hullabaloo in China is an essential market reorientation combined with speculative meddling from the US - similar to that which happened in Russia (different techniques, same intent). The Chinese reacted as Russia did - accelerated their existing plans and now can blame the evil round eyes for causing the problems, just as happened in Russia.

Here's a prediction for you - the yuan will decline in value by another 20% before the Chinese call a halt to the proceedings. By that time almost all of Chinese dollar denominated paper and reserves will be gone - sold back to the US.

OH, when that happens the Chinese will have finished eating the heart out of US based manufacturing! I doubt there's any US manufacturer can survive with competition that is an additional 25% cheaper than it has been until recently.

Title: Re: De-Dollarisation.
Post by: WestCoast on September 25, 2015, 03:04:10 PM
Is Russia stockpiling this gold or is it also using this mined gold to pay its bills? Probably no way to know.

Read and learn stuff.

Russia is buying gold. 31 tons in August. I linked it here already. They are aiming to have a currency backed by gold eventually and not trillions of debt as the US does. We used to call it the gold standard. I think we dropped it in the 30's.

The dollar is supported by nothing but confidence. Stop using it, remove the confidence, add the trillions of debt and...............

............no more American wars.  :party0011:

What is the alternative? Sit back and watch America invade Africa next? South America again? Maybe one day it will be the EU. It needs to stop. De-dollarisation is the only peaceful way. American aggression around he world needs to be hemmed in. Vlad will sort out the mess the Yanks made with ISIS (watch the UN speech next week) and then a more multi-polar world will continue to develop.

Manny what is Russia using to buy gold? There income from oil and natural gas is less than half what it was a year or 18 months ago. If Russia is buying gold with their foreign income than Russia is cutting back on other purchases of foreign goods. If Russia is using its FX to buy gold then they can't use the FX to support the ruble or buy other needed foreign goods.

Vlad will sort ISIS? How? Remember the Soviet Afghan war? How did that work out for the USSR? Russia has an economy less than 1/8th that of the US. Russia's partnership with China is going nowhere as is Russia's membership in the BRICS.

China hasn't recognized Russia's annexation of Crimea, neither has India or Brazil one would think that wouldn't be a problem for allies but China, India and Brazil don't want to risk losing trade with the US and EU

With regard to the BRICS, depending on how you define GDP Russia is the #3 or #4 economy. How much influence do you think Putin has in the BRICS when Russia is the #4 largest economy is a 5 member organization?
Title: Re: De-Dollarisation.
Post by: Manny on September 25, 2015, 03:18:46 PM
Manny what is Russia using to buy gold?

Dollars Westy.  (:)

Vlad will sort ISIS? How?

With a coalition not led by the US. Do you read the non-US news?

Russia's partnership with China is going nowhere as is Russia's membership in the BRICS.

 :chuckle:

China hasn't recognized Russia's annexation of Crimea,

http://vineyardsaker.blogspot.co.uk/2014/11/official-china-recognises-crimean.html  (:)

Put down the CNN/Fox/CBS Westy. Watch the New York UN meeting next week.
Title: Re: De-Dollarisation.
Post by: JeanClaude on September 25, 2015, 03:20:34 PM
Is Russia stockpiling this gold or is it also using this mined gold to pay its bills? Probably no way to know.

Read and learn stuff.

Russia is buying gold. 31 tons in August. I linked it here already. They are aiming to have a currency backed by gold eventually and not trillions of debt as the US does. We used to call it the gold standard. I think we dropped it in the 30's.

The dollar is supported by nothing but confidence. Stop using it, remove the confidence, add the trillions of debt and...............

............no more American wars.  :party0011:

What is the alternative? Sit back and watch America invade Africa next? South America again? Maybe one day it will be the EU. It needs to stop. De-dollarisation is the only peaceful way. American aggression around he world needs to be hemmed in. Vlad will sort out the mess the Yanks made with ISIS (watch the UN speech next week) and then a more multi-polar world will continue to develop.

The 1930 thing was commie president FDR outlawing the private ownership of gold (otherwise face 10 year jail term). That confiscated gold went to Fort Knox. (probably not there anymore).

Nixon went of the gold standard in 1970.

Yup, Putin is planning 4 military bases in Syria.....  Instead of bombing Assad and  sponsoring "Syrian  rebels" (ISIS) ,he is actually helping him, you need ruthless secular dictators to keep that debased religion in check.

Americans choose a  :censored: ing incompetent retard as president, who wouldn't even be able to run a convenience store, or a mid-sized corporation for that matter.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 25, 2015, 03:26:18 PM
Westcoast if you can't afford pay TV and the Internet pop over to the library and get some news sources.  ;)

Westcoast, the gold buying,  using dollars.  That's de-dollarisation in action for you. A process MUCH more effective when the ruble/yuan  has declined in price relative to the dollar in which the asset is priced. It gets dollars out of the Russian central bank at a good rate of exchange and into an asset that functions as a store of wealth and has an intrinsic value even without a connection to the dollar. (one might argue why we place such store in gold but that's a discussion for a different time,  the world is what it is).
Title: Re: De-Dollarisation.
Post by: JeanClaude on September 25, 2015, 03:28:54 PM
Westcoast if you can't afford pay TV and the Internet pop over to the library and get some news sources.  ;)

Westcoast, the gold buying,  using dollars.  That's de-dollarisation in action for you. A process MUCH more effective when the ruble/yuan  has declined in price relative to the dollar in which the asset is priced. It gets dollars out of the Russian central bank at a good rate of exchange and into an asset that functions as a store of wealth and has an intrinsic value even without a connection to the dollar. (one might argue why we place such store in gold but that's a discussion for a different time,  the world is what it is).

Economics 101,

I thought Westcoast was a banker, lol,.., or maybe his job got decommissioned a while back when they introduced ATM machines.

Title: Re: De-Dollarisation.
Post by: WestCoast on September 25, 2015, 03:39:44 PM

Yes, the US would LIKE the yuan to be higher but as you missed, or did not understand, the devaluation of the yuan is Chinese policy. They made the choice to move the peg boundaries downward.

True. China has said they will let the yuan float but recent problems with the Chinese economy have put a halt to those plans.

US policy does not support a dollar at a lower rate.

The US dollar floats unlike the yuan. For the most part the US economy and global economy set the US dollar rate against other currencies not the US government.

The more overvalued the dollar becomes against key currencies the less useful it becomes to the users of those currencies as an intermediary.

Ridiculous. Any of the major economies that do business with the US want the dollar to be overvalued against their currency. When the US dollar is trading at a high rate versus for example the euro, then trade goods from countries using the euro are cheaper in the US and those countries can sell more goods to the US.

The mopre volatile the dollar becomes in terms of those currencies the less useful it becomes as an intermediary currency to holders of other currencies.

Currently it's the euro and pound that are volatile rather than the dollar.

Remember, and this is the bit you don't get (as an international banker I really don't get how you can not understand this stuff...): China WANTS an over valued dollar. (or more accurately a correctly valued dollar in yuan terms) Previously the yuan (renminbin) was overvalued, now the Chinese are slowly allowing the currency to find its 'natural' level, its market clearing price, if you like.

Of course China wants a higher dollar vs the yuan so China will sell more goods and keep the Chinese economy strong. The Chinese government is strictly controlling the yuan so it can't be finding its 'natural' level. The yuan's exchange rate vs the US dollar is what the Chinese government says it is.

Russia has been doing the same for about 4 years now and is broadly speaking, about where they want to be. China may go a little faster and take the risk of upsetting their citizens a little more than Russia was comfortable with.

So you're saying Putin wants the ruble trading at 67 rubles to 1 US dollar? I'd really like to see the details of this master plan of his.

You see, when the yuan was overvalued it was like giving the US free money, a discount on every purchase.
To make matters worse they were buying US debt and had little expectation of being able to get their money back. it was like a car dealer was giving the customer money to buy the car. It is OK as a special offer but it is no way to run a business long term.

Mentioned above, of course China wants a weak yuan vs the US dollar, it's how China stays in business.



Here's a prediction for you - the yuan will decline in value by another 20% before the Chinese call a halt to the proceedings. By that time almost all of Chinese dollar denominated paper and reserves will be gone - sold back to the US.

OH, when that happens the Chinese will have finished eating the heart out of US based manufacturing! I doubt there's any US manufacturer can survive with competition that is an additional 25% cheaper than it has been until recently.

How much you want to bet Andrew? Over how long a period of time? One year?  If China cuts the value of the yuan by 20% due solely to currency manipulation by the Chinese government that would put the yuan at about 5 to 1 US dollar.

 current value yuan x 0.80 = new value yuan
     6.37452 x 0.80 = 5.099616

The US, Japan, EU and probably a number of other countries would enact some types tariffs on Chinese goods. 

Some reports say the Chinese economy is in big trouble. China's stock market is crashing and China is trying to stop the decline in the value of stocks and in the value of government and privately held companies. If the Chinese economy crashed, went into a depression then the yuan might go to 5 to 1 US dollar, otherwise not a chance.
Title: Re: De-Dollarisation.
Post by: msmoby on September 25, 2015, 03:41:43 PM
China hasn't recognized Russia's annexation of Crimea,

http://vineyardsaker.blogspot.co.uk/2014/11/official-china-recognises-crimean.html  (:)

Put down the CNN/Fox/CBS Westy. Watch the New York UN meeting next week.

Manny,

China CANNOT recognise Crimea's 'referendum', lest it sets a precedent for the Taiwan 'problem' ...History 101...
Title: Re: De-Dollarisation.
Post by: WestCoast on September 25, 2015, 03:48:00 PM

Westcoast, the gold buying,  using dollars. 

Andrew, Manny gold is priced in US dollars. For example, if Russia uses $100 million of its US dollars foreign reserves to buy gold, Russia has just traded US dollars for a commodity traded in US dollars. Russia still has $100 million in US dollars, Russia has simply traded US dollars for a commodity priced and traded in US dollars. This is true even if Russia buys the gold from India.

http://money.cnn.com/data/commodities/ 
Title: Re: De-Dollarisation.
Post by: Manny on September 25, 2015, 03:51:27 PM
Andrew, Manny gold is priced in US dollars.

No.

Trading in gold is older than America.  tiphat
Title: Re: De-Dollarisation.
Post by: WestCoast on September 25, 2015, 04:00:33 PM
Andrew, Manny gold is priced in US dollars.

No.

Trading in gold is older than America.  tiphat

Oil and its uses and the trading of oil is also older than the US, but we all that's priced in US dollars.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 25, 2015, 04:11:53 PM
The pricing in gold as dollars is what enables Russia and China to dump their dollars.  :'(

However, one can choose to value and sell the stuff in whatever currency takes your fancy. I can buy gold in Euros, or sterling, or pesos. A move away from using the dollar as an intermediary currency for gold dealing would, just as is happening to the dollar and oil (petrodollar), mean that each dollar NOT used for a transaction previously intermediated by the dollar is a dollar that ends up back in the United States.

Each dollar that is added to the US economy without a corresponding increase in productivity in the US means that the value of ALL dollars in the national economy is diluted - that means that there is a general price rise so that all the dollars are used up and put to work - that is inflation for you. Every exported dollar is exported inflation. That exported inflation has been like a tax on the global economy - except for the US which received the taxation as a discount on all purchase made around the world.

Now, one is forced to wonder how it can be that the US economy is soooo inefficient that even with all those exported dollars, trillions and trillions of the buggers, that the US STILL has debts of trillions and trillions of dollars as well. And yes, there is something of a circularity here because some of the debt is also exported dollars but, even so, the clear implication is that US productivity is very, very poor. Now, this is not a surprise, it has been known about for decades but nobody really bothered as the system kinda worked on a global basis. Now, well, it is broken.

So, where is that inefficiency?
There's probably two main areas that spring to mind, but there will be many more:
the military, which eats money and gives nothing back
corruption which is a dead weight on the economy (again circularity because the military industrial complex is probably the engine of the greatest volume of that corruption)

People talk of corruption in Russia - it ain't NOTHING in comparison to the US.

Title: Re: De-Dollarisation.
Post by: WestCoast on September 25, 2015, 04:38:01 PM
The pricing in gold as dollars is what enables Russia and China to dump their dollars.  :'(

However, one can choose to value and sell the stuff in whatever currency takes your fancy. I can buy gold in Euros, or sterling, or pesos.

True, you can buy gold in, for example, euros. The price is quoted in USDs and then converted to euros.

A move away from using the dollar as an intermediary currency for gold dealing would, just as is happening to the dollar and oil (petrodollar), mean that each dollar NOT used for a transaction previously intermediated by the dollar is a dollar that ends up back in the United States.

Andrew where are you getting the idea that USD used to by oil in, for example Germany, means that the USD ends up back in the US? USDs printed in the US are sent to banks all over the world. There's no rule that says they must return to the US, other than for destruction and even that might be done overseas.


Each dollar that is added to the US economy without a corresponding increase in productivity in the US means that the value of ALL dollars in the national economy is diluted - that means that there is a general price rise so that all the dollars are used up and put to work - that is inflation for you. Every exported dollar is exported inflation. That exported inflation has been like a tax on the global economy - except for the US which received the taxation as a discount on all purchase made around the world.

Total rubbish. Please explain how someone buying USD priced gold in Paris results taxes on the global economy?

Now, one is forced to wonder how it can be that the US economy is soooo inefficient that even with all those exported dollars, trillions and trillions of the buggers, that the US STILL has debts of trillions and trillions of dollars as well. And yes, there is something of a circularity here because some of the debt is also exported dollars but, even so, the clear implication is that US productivity is very, very poor. Now, this is not a surprise, it has been known about for decades but nobody really bothered as the system kinda worked on a global basis. Now, well, it is broken.

So, where is that inefficiency?
There's probably two main areas that spring to mind, but there will be many more:
the military, which eats money and gives nothing back
corruption which is a dead weight on the economy (again circularity because the military industrial complex is probably the engine of the greatest volume of that corruption)

People talk of corruption in Russia - it ain't NOTHING in comparison to the US.

My God Andrew what a total load of BS. Have you been practicing your BS creation in my absence? Not a single reference to back up anything you've posted. A true load of BS.
Title: Re: De-Dollarisation.
Post by: cufflinks on September 25, 2015, 05:59:04 PM
Hmm I might be missing something but each dollar that comes back to the USA Fed and Treasury is a dollar available to Mr. Trump to build a wall and rebuild American Infrastructure; transport, STEM and Energy - Productivity Problem solved to the tune of 30 Million+ new US jobs.

Works for me.
Title: Re: De-Dollarisation.
Post by: Donhollio on September 25, 2015, 06:13:34 PM
My God Andrew what a total load of BS. Have you been practicing your BS creation in my absence? Not a single reference to back up anything you've posted. A true load of BS.

 Andy stop with the lies! Get on Skype and talk to your mate about making a better counter offensive to your dishonesty and fabrication of this web of deceit you've tangled yourself in.

 Westy he has been running wild here while you were away enriching your life, can't say the same about Andy though.  Moby trounces him when the Andy gets dishonest, but the guy never knows when to stop pecking away at the PC. We tolerate him and value his words much like newspaper is used in the bird cage.

Title: Re: De-Dollarisation.
Post by: AvHdB on September 25, 2015, 06:53:47 PM
Andrew, I am curious is there some one who pays you to be stupid?  ???

While your post #152 has some truth in it, the majority is so fallacious that it boggles common sense. Congratulations.  :party0031:
Title: Re: De-Dollarisation.
Post by: JeanClaude on September 25, 2015, 07:08:48 PM
Russia has just traded US dollars for a commodity traded in US dollars. Russia still has $100 million in US dollars, Russia has simply traded US dollars for a commodity priced and traded in US dollars.

What kind of total nonsense is this, gold is priced in USD/EUR/GBP/CHF because the mayor vaults are located in New York, London, Zurich, Frankfurt.
Title: Re: De-Dollarisation.
Post by: JeanClaude on September 25, 2015, 07:15:43 PM
Hmm I might be missing something

Yeah you are missing somthing.

Quote
but each dollar that comes back to the USA Fed and Treasury is a dollar available to Mr. Trump to build a wall and rebuild American Infrastructure;
Jesus H Christ, another Zimbabwen economist   (or Kenyan? lol)   The whole point of the global reserve currency is having the whole planet pay the "inflation tax" of the USD. Dollars going back to he US is very very bad for the US. ... and very very very good for the rest of the planet.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 25, 2015, 07:22:17 PM
Russia has just traded US dollars for a commodity traded in US dollars. Russia still has $100 million in US dollars, Russia has simply traded US dollars for a commodity priced and traded in US dollars.

What kind of total nonsense is this, gold is priced in USD/EUR/GBP/CHF because the mayor vaults are located in New York, London, Zurich, Frankfurt.

I think some are confused by Andrew assertion and that of Westy there are different values being applied. The benchmark price for the majority of commodities are set in a preferred currency. With oil and gold it is US dollars. From there it is converted to what ever currency you wish to pay with.

Think about it; if there would multiple chances to earn (and loss) massive amounts of money if the price was set in different currencies that change in value on a daily basis. We are talking about a financial Tower of Babel.

While the assumption of Manny that Russia would like to see a different foundation to the US Dollar. It is at this time two steps backward and one step forward.

I would throw out something that perhaps many will disagree with and have far differing views and standpoints. PERHAPS a de-Dollarisation would not be such a bad thing for the US. But I suspect it will not China, Russia or India that will lead this but something along the lines of bit-coin.
Title: Re: De-Dollarisation.
Post by: WestCoast on September 25, 2015, 08:14:32 PM
Russia has just traded US dollars for a commodity traded in US dollars. Russia still has $100 million in US dollars, Russia has simply traded US dollars for a commodity priced and traded in US dollars.

What kind of total nonsense is this, gold is priced in USD/EUR/GBP/CHF because the mayor vaults are located in New York, London, Zurich, Frankfurt.

I think some are confused by Andrew assertion and that of Westy there are different values being applied. The benchmark price for the majority of commodities are set in a preferred currency. With oil and gold it is US dollars. From there it is converted to what ever currency you wish to pay with.

Think about it; if there would multiple chances to earn (and loss) massive amounts of money if the price was set in different currencies that change in value on a daily basis. We are talking about a financial Tower of Babel.

While the assumption of Manny that Russia would like to see a different foundation to the US Dollar. It is at this time two steps backward and one step forward.

I would throw out something that perhaps many will disagree with and have far differing views and standpoints. PERHAPS a de-Dollarisation would not be such a bad thing for the US. But I suspect it will not China, Russia or India that will lead this but something along the lines of bit-coin.

AvHdB you're correct, that's probably one of the reasons why gold and other commodities are priced in US dollars. The USD is the most trusted currency, it's global and most everyone and every company and country has access to it. Not so with the ruble or yuan.

Before the age of everything being computerized the rich and connected were able to use a technique called arbitrage (https://en.wikipedia.org/wiki/Arbitrage) to make a quick buck on the price difference in a commodity such as gold. There'd occasionally be a difference in the price of a commodity such as gold quoted in, for example, London and in New York. Buy at the low price in NYC and sell at the high price in London and the price difference is all profit (minus fees of course). To do this one had to have lots of money and connections, meaning the rich got richer.

In today's computerized, globally connected markets that's not supposed to be possible but there still has to be a commonly agreed upon currency for the commodity to be quoted in. Some currency that everyone can agree upon and that isn't being manipulated at the whim of a government. Currently for many commodities, but not all (https://en.wikipedia.org/wiki/List_of_traded_commodities), that's the USD.

Title: Re: De-Dollarisation.
Post by: AvHdB on September 25, 2015, 08:22:44 PM
I tried to keep it simple, words like arbitrage might confound Andrew or Jean Claude.
Title: Re: De-Dollarisation.
Post by: Manny on September 26, 2015, 12:30:26 AM
I suspect it will not China, Russia or India that will lead this but something along the lines of bit-coin.

China and Russia are already leading the de-dollarisation movement. Read the links referenced in the article on post one.
Title: Re: De-Dollarisation.
Post by: Markje on September 26, 2015, 12:33:49 AM
Andrew, Manny gold is priced in US dollars.

No.

Trading in gold is older than America.  tiphat

Oil and its uses and the trading of oil is also older than the US, but we all that's priced in US dollars.
Gold is priced in all currencies in the world, but if you want to get rid of dollars, it makes sense to use them to buy gold.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 26, 2015, 04:04:08 AM
Andrew, Manny gold is priced in US dollars.

No.

Trading in gold is older than America.  tiphat

Oil and its uses and the trading of oil is also older than the US, but we all that's priced in US dollars.
Gold is priced in all currencies in the world, but if you want to get rid of dollars, it makes sense to use them to buy gold.

Mark, You are correct, but try to pay for your groceries at Albert with a chunk of gold. Av
Title: Re: De-Dollarisation.
Post by: Manny on September 26, 2015, 06:15:44 AM
Try and pay for your groceries in Europe in dollars - they will laugh you out of the store.
Title: Re: De-Dollarisation.
Post by: Markje on September 26, 2015, 06:40:07 AM

Mark, You are correct, but try to pay for your groceries at Albert with a chunk of gold. Av
Try to buy them with Dollars. Equally moot point.
Title: Re: De-Dollarisation.
Post by: Manny on September 26, 2015, 08:10:25 AM
A rather good article on de-dollarisation here: http://journal-neo.org/2015/02/02/rus-dedollarizatsiya-i-ssha/
Title: Re: De-Dollarisation.
Post by: andrewfi on September 26, 2015, 10:15:20 AM
Avhdb, many folks, including you don't seem to get the difference between a thing of value and a piece of paper.
The dollar is currency, it has no intrinsic value. There is nothing 'backing' the dollar.
While one might choose to discuss why gold should be seen as having intrinsic value there is no doubt that our global civilisation does imbue gold with intrinsic value.

So, actually, if one were to wander into a shop with an enterprising owner and spend enough money then the chances are the owner would accept gold, at a suitable margin.

For the last 35 years I have worn and always traveled with a gold bracelet. The thing was given to me as a gift. I was not then, nor am I now, one given to wearing jewelry. And, given that it has my name engraved upon it, I am not known to be, yet, needing to be reminded of my name.

The purpose of the bracelet was to provide me with the ability to always be able to buy a flight ticket from wherever I was to wherever I needed to be.

Even if currency fails us that object will still carry value. The dollar or any other current would, in extremis, be useless. I can always find a buyer for my gold, I know from first hand experience that the same is absolutely not the case for currency.
Title: Re: De-Dollarisation.
Post by: WestCoast on September 26, 2015, 11:14:47 AM
Avhdb, many folks, including you don't seem to get the difference between a thing of value and a piece of paper.
The dollar is currency, it has no intrinsic value. There is nothing 'backing' the dollar.
While one might choose to discuss why gold should be seen as having intrinsic value there is no doubt that our global civilisation does imbue gold with intrinsic value.

So, actually, if one were to wander into a shop with an enterprising owner and spend enough money then the chances are the owner would accept gold, at a suitable margin.

For the last 35 years I have worn and always traveled with a gold bracelet. The thing was given to me as a gift. I was not then, nor am I now, one given to wearing jewelry. And, given that it has my name engraved upon it, I am not known to be, yet, needing to be reminded of my name.

The purpose of the bracelet was to provide me with the ability to always be able to buy a flight ticket from wherever I was to wherever I needed to be.

Even if currency fails us that object will still carry value. The dollar or any other current would, in extremis, be useless. I can always find a buyer for my gold, I know from first hand experience that the same is absolutely not the case for currency.

Andrew you've had an experience when your gold was more easily sold than legitimate currency? Currency such as the US dollar, the euro or the UK pound? I can see gold being more easily sold than say the Zimbabwean dollar or some other currency under pressure from inflation but not any major global currency.

Please Andrew let's here your tale where your gold was more easily liquidated than the US dollar, euro or UK pound.
Title: Re: De-Dollarisation.
Post by: JeanClaude on September 27, 2015, 04:31:35 PM
The dollar is currency, it has no intrinsic value. There is nothing 'backing' the dollar.

Any fiat currency has VALUE, because the guns of the state say so! (aka you are required to pay taxes in said currency, so you need to acquire it).
Title: Re: De-Dollarisation.
Post by: Anteros on September 27, 2015, 06:00:58 PM
Avhdb, many folks, including you don't seem to get the difference between a thing of value and a piece of paper.
The dollar is currency, it has no intrinsic value. There is nothing 'backing' the dollar.
While one might choose to discuss why gold should be seen as having intrinsic value there is no doubt that our global civilisation does imbue gold with intrinsic value.

So, actually, if one were to wander into a shop with an enterprising owner and spend enough money then the chances are the owner would accept gold, at a suitable margin.

For the last 35 years I have worn and always traveled with a gold bracelet. The thing was given to me as a gift. I was not then, nor am I now, one given to wearing jewelry. And, given that it has my name engraved upon it, I am not known to be, yet, needing to be reminded of my name.

The purpose of the bracelet was to provide me with the ability to always be able to buy a flight ticket from wherever I was to wherever I needed to be.

Even if currency fails us that object will still carry value. The dollar or any other current would, in extremis, be useless. I can always find a buyer for my gold, I know from first hand experience that the same is absolutely not the case for currency.


Jewelry is scrap gold; which is what is your bracelet is. Only Bullion has real value during an economic crisis.  Were there to be a total economic unraveling as bad or worse than 2008, you will quickly learn how little value scrap gold has as you wait in a very long line with all the other persons desperate to sell scrap gold.  Those having official mint Bullion will be whisked to the front of the line and quickly get a high value for what they wish to sell.

In regards to your silly comment that the US dollar has nothing backing it I suggest you go back to College and learn what it means to have the largest economy in the World as well as the most powerful military in the World.

The USA can and will seize any and all oil fields and any other valuable commodities we wish to should the need arise.
Title: Re: De-Dollarisation.
Post by: Anteros on September 27, 2015, 06:02:59 PM
The dollar is currency, it has no intrinsic value. There is nothing 'backing' the dollar.

Any fiat currency has VALUE, because the guns of the state say so! (aka you are required to pay taxes in said currency, so you need to acquire it).

Correct.  Besides the fact that our fractional reserve system backs up our currency with real Gold deposits as well as the power of the most dynamic economy in the World.
Title: Re: De-Dollarisation.
Post by: Manny on September 28, 2015, 01:18:09 AM
In regards to your silly comment that the US dollar has nothing backing it I suggest you go back to College and learn what it means to have the largest economy in the World

Yes, lets ask China.  :chuckle:

as well as the most powerful military in the World.

Is that why Putin has to go in and sort out the camel jockeys for you?
Title: Re: De-Dollarisation.
Post by: andrewfi on September 28, 2015, 03:06:07 AM
There's another two who don't know what they are going on about.
At least Jean Claude understands the basis upon which a Fiat currency operates - that is: it is what it is because we say it is.
There is no underlying asset against which one piece of paper can be exchanged. There used to be: gold.

Here's an easy to understand article that explains what paper money is and why the US dollar has no inherent value - nothing 'backing it'.
http://www.hitxp.com/articles/economics/promise-pay-bearer-currency-history-federal-bank/

It is sad, very sad, that people with such strong opinions basis them upon such a poor foundation of knowledge.

By the way,  Ant,  one of the singular benefits of gold is that it does not oxidise or break down. That immutability is the underlying basis of our choice to imbue gold with the import which we do. Of course I know that i can not sell that bracelet for the same price per ounce as I could as part of a good delivery bar. But unlike almost any portable asset it can be assayed and valued easily almost anywhere and have value to a buyer almost anywhere. Try flogging your watch,  in extremis, and see what happens 'but it's a Rolex' you whine as you get offered a cup of coffee for its exchange.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 28, 2015, 05:15:06 AM
Ant, the US dollar is not backed by gold. Do you honestly not know this stuff?

Is the fact that the US repudiated it's role in respect of Gold back in the Nixon administration news to you?
Does it really take over 40 years for  ease of 'current' affairs to reach you?

Here's some more stuff that you may have missed:
The US lost the Vietnam war.  The Soviet Union is no more. We have not been back to the moon for decades and,  while you were asleep, China has become the world's manufactury and the world's largest economy.

Much has changed while you were sleeping!
Title: Re: De-Dollarisation.
Post by: msmoby on September 28, 2015, 08:01:53 AM


Much has changed while you were sleeping!

..and it certainly doesn't include de-dollarisation' - not matter how much you might want to 'talk it up'

I must need my 'bumps felt' quoting Prof Michel Chossudovsky of global (mis) research fame - but these are his words:

"While the creation of BRICS has significant geopolitical implications, both the AIIB as well as the proposed BRICS Development Bank (NDB) and its Contingency Reserve Arrangement (CRA) are dollar denominated entities. Unless they are coupled with a multi-currency system of trade and credit, they do not threaten dollar hegemony. Quite the opposite, they tend to sustain and extend dollar denominated lending. Moreover, they replicate several features the Bretton Woods framework.

Some folk just aren't getting the memos  :coffeeread:
Title: Re: De-Dollarisation.
Post by: WestCoast on September 28, 2015, 10:23:43 AM
Ant, the US dollar is not backed by gold. Do you honestly not know this stuff?

Nor is the ruble, the UK pound or the Chinese yuan. I've never heard of Russia's gold reserve being publicly audited, have you? I haven't heard Putin say the ruble is now backed by gold, have you?

If any large country such as the US, UK, Russia, China etc could only have a money supply that was 100% backed by their gold reserves their economy would be far smaller than it is today.
Title: Re: De-Dollarisation.
Post by: WestCoast on September 28, 2015, 10:28:33 AM


Much has changed while you were sleeping!

..and it certainly doesn't include de-dollarisation' - not matter how much you might want to 'talk it up'

I must need my 'bumps felt' quoting Prof Michel Chossudovsky of global (mis) research fame - but these are his words:

"While the creation of BRICS has significant geopolitical implications, both the AIIB as well as the proposed BRICS Development Bank (NDB) and its Contingency Reserve Arrangement (CRA) are dollar denominated entities. Unless they are coupled with a multi-currency system of trade and credit, they do not threaten dollar hegemony. Quite the opposite, they tend to sustain and extend dollar denominated lending. Moreover, they replicate several features the Bretton Woods framework.

Some folk just aren't getting the memos  :coffeeread:

Moby, Andrew and Manny think because Putin says it, it will be or must be true. What neither understands is in organizations such as the BRICS and the AIIB Russia is a bit player , its economy is not that large compared to others in the group especially China. In these organizations China calls the shots and Putin either agrees or shuts up.
Title: Re: De-Dollarisation.
Post by: Manny on September 28, 2015, 10:44:01 AM
Even if that were the case, I'd rather have China calling the shots than the US.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 28, 2015, 11:01:06 AM
Westcoast, moby, try the thinking and then do the learning.

Why do you think that Russia and China would be saying that they are engaged in reducing the impact of the dollar in their economies and then acting to do just that if their intention was not to reduce the impact of the dollar in their economies?

The leadership of neither country is reputed to be insane or stupid. So, please do tell.

While you are about it you might want to comment upon just why the volume of dollar trade is falling - even in your neck of the woods Westy, surely as a banker you know about the declining use of the dollar in Sino-Canadian trade? Go, on, shock yourself, look up the numbers and see the trend. ;)

Even the quoted words pasted by moby support the point, but he just did not understand well enough. ;)
Moby probably thinks that the Bretton Woods agreement is still in place as Anteros does. Going to something akin to Bretton Woods would make a whole heap of sense and that this is under consideration is borne out by the actions of the Russians and Chinese as well as several other governments. If the US had not defaulted and the agreement was still in place the US would not be in the situation it now finds itself. Nixon may be infamous for the Watergate affair, but it was under his watch that the US dollar was rendered valueless. History will not look kindly upon the US default on its obligations at that time.
Title: Re: De-Dollarisation.
Post by: WestCoast on September 28, 2015, 11:10:08 AM
Even if that were the case, I'd rather have China calling the shots than the US.

How are your book sales in China? I'll bet the US is a far better customer for you at least judging by members on RUA.

If you really believe China would do better as the dominant global player than the US than you don't know China. Having done a single trip to China has shown you virtually nothing about the country. Learn the language and listen to their own news, TV broadcasts in Chinese. Read about China in Chinese. Speak to Chinese who live abroad.

China is still a one party state, does that sound like a good idea?
Title: Re: De-Dollarisation.
Post by: Manny on September 28, 2015, 11:31:56 AM
Even if that were the case, I'd rather have China calling the shots than the US.

How are your book sales in China? I'll bet the US is a far better customer for you at least judging by members on RUA.


Well, duh. I have no titles written in Chinese.  :coffeeread:

Stop trolling and see what Andrew taught you above.
Title: Re: De-Dollarisation.
Post by: WestCoast on September 28, 2015, 11:41:59 AM
Even if that were the case, I'd rather have China calling the shots than the US.

How are your book sales in China? I'll bet the US is a far better customer for you at least judging by members on RUA.


Well, duh. I have no titles written in Chinese.  :coffeeread:

Stop trolling and see what Andrew taught you above.

This from the man who says that gold isn't priced in US dollars because the gold trade is older than the US. Manny what grade did you stop attending school? Grade 10? Earlier?


Andrew, Manny gold is priced in US dollars.

No.

Trading in gold is older than America.  tiphat
Title: Re: De-Dollarisation.
Post by: Manny on September 28, 2015, 12:09:47 PM
If I buy and sell gold in the UK (as I used to do once upon a time as it goes), I don't do it in dollars.

If the US or its dollar ceased to exist tomorrow, gold would still be valuable. As it was before the US existed, as it will be when the dollar is gone from world trade.

The subject here is countries de-dollarising. Which they are. Sales of English language books in China and gold prices are unconnected.

You are making yourself look really daft here Westy, and you have used up my allotted time for trolls for today that Moby normally sucks up.
Title: Re: De-Dollarisation.
Post by: WestCoast on September 28, 2015, 12:18:00 PM
If I buy and sell gold in the UK (as I used to do once upon a time as it goes), I don't do it in dollars.

If the US or its dollar ceased to exist tomorrow, gold would still be valuable. As it was before the US existed, as it will be when the dollar is gone from world trade.

The subject here is countries de-dollarising. Which they are. Sales of English language books in China and gold prices are unconnected.

You are making yourself look really daft here Westy, and you have used up my allotted time for trolls for today that Moby normally sucks up.

You buy and sell gold and you don't understand that gold is priced in US dollars? Of course gold dealers will take UK pounds for gold sales but the initial price of gold is set in US dollars. If you don't understand this you can't be doing much business in gold.
Title: Re: De-Dollarisation.
Post by: leslied on September 28, 2015, 02:31:26 PM
The USA only accounts for about 10% of world trade in gold.  India is the largest gold market with about 22% of world trade. The middle east accounts for approx 15% + in total and China rivaling both.  (Source is UN world trade statistics)

Gold has not been "priced" in USD since the 1970s and the demise of Bretton Woods Agreement. The Indian, Chinese and middle eastern markets are priced in local currency and this sometimes results in a disparity of +/- 8%++ in USD terms.  It should be noted that this situation is for physical gold not Fiat (paper) gold like the Exchange traded Fund - GLD which regularly trades at a 5%+ discount to the price of physical gold.

The reason for this is simple.  Many countries impose volume restrictions / tariffs on the import and export of gold.  So the New York or London price fix is not directly relevant to those markets because it relates to the price of gold in those domestic markets.  This is especially true in China where an import tariff of 10% and a volume restriction have inflated domestic gold prices.

 

Title: Re: De-Dollarisation.
Post by: msmoby on September 28, 2015, 02:59:50 PM
If I buy and sell gold in the UK (as I used to do once upon a time as it goes), I don't do it in dollars.

I'd agree - if you were taking in the likes of andrewfi's gold bracelet - if he needed cash...BUT.. if you were - seriously trading  - it's in usd .. just like other commodities...

http://www.goldtradingexperts.com/ (http://www.goldtradingexperts.com/)



You are making yourself look really daft here Westy, and you have used up my allotted time for trolls for today that Moby normally sucks up.

Your time is 'wasted' attempting to 'talk up' something that makes you appear somewhat silly.. easily led, even..


If your time is so precious, don't waste my time altering folks avatars... :chuckle:







Title: Re: De-Dollarisation.
Post by: B.B. on September 28, 2015, 04:58:41 PM
As it was before the US existed, as it will be when the dollar is gone from world trade.

When should we expect this?  I should want to be shorting them when it happens. :coffeeread:

B/B
Title: Re: De-Dollarisation.
Post by: AvHdB on September 28, 2015, 05:29:54 PM

Mark, You are correct, but try to pay for your groceries at Albert with a chunk of gold. Av
Try to buy them with Dollars. Equally moot point.

If you buy groceries via Albert at a Stop & Shop you generally use Dollars.
Title: Re: De-Dollarisation.
Post by: Manny on September 28, 2015, 05:33:11 PM
As it was before the US existed, as it will be when the dollar is gone from world trade.

When should we expect this?  I should want to be shorting them when it happens. :coffeeread:

B/B

Hang on, I'll just polish my crystal ball...............
Title: Re: De-Dollarisation.
Post by: B.B. on September 28, 2015, 09:09:51 PM
As it was before the US existed, as it will be when the dollar is gone from world trade.

When should we expect this?  I should want to be shorting them when it happens. :coffeeread:

B/B

Hang on, I'll just polish my crystal ball...............

Bummer.  You seemed so certain. 

Meanwhile I am KILLING it shorting China of an on over the past month. 

Doo-dah, doo-dah!  :money:

B/B
Title: Re: De-Dollarisation.
Post by: leslied on September 28, 2015, 11:53:25 PM
For UK tax resident investors the most attractive form of gold investment is post 1837 sovereigns and gold Britannia coins.  As these coins are legal tender they are NOT subject to capital gains tax.  Try to buy in bulk to minimize the premium to the physical gold price. Less than 5% is good.

Same goes for silver, coins are  CGT exempt.  Silver bullion trades are subject to 20% VAT!  This explains why the silver bullion trade in UK is confined to the Jewelry market.

I think similar rules apply in other countries.  Max was professionally involved in the bullion trade before he retired.  Perhaps you can enlighten us Max?

Title: Re: De-Dollarisation.
Post by: msmoby on September 29, 2015, 12:35:16 AM
For UK tax resident investors the most attractive form of gold investment is post 1837 sovereigns and gold Britannia coins.  As these coins are legal tender they are NOT subject to capital gains tax.  Try to buy in bulk to minimize the premium to the physical gold price. Less than 5% is good.




What a coincidence..

2 days ago we were talking about this... An accountant - specialising in investments warned us that HMRC were looking at the definition of legal tender

''a debtor cannot successfully be sued for non-payment if he pays into court in legal tender'

The Royal Mint lists coins covered

''Notes:
In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. However, they are not legal tender in Scotland and Northern Ireland.

Coins:
Coins are legal tender throughout the United Kingdom for the following amount:

£100 - for any amount

£20 - for any amount

£5 (Crown) - for any amount

£2 - for any amount

£1 - for any amount

50p - for any amount not exceeding £10

25p (Crown) - for any amount not exceeding £10

20p - for any amount not exceeding £10

10p - for any amount not exceeding £5

5p - for any amount not exceeding £5

2p - for any amount not exceeding 20p

1p - for any amount not exceeding 20p''

Note no mention of ''Sovereigns''

This - possibly - conflicts with Leslied's and this article's advice

http://moneyweek.com/why-you-should-buy-british-gold-sovereigns-16088/ (http://moneyweek.com/why-you-should-buy-british-gold-sovereigns-16088/)

So best check.
Title: Re: De-Dollarisation.
Post by: Markje on September 29, 2015, 01:23:52 AM

Mark, You are correct, but try to pay for your groceries at Albert with a chunk of gold. Av
Try to buy them with Dollars. Equally moot point.

If you buy groceries via Albert at a Stop & Shop you generally use Dollars.

In Netherlands?
Title: Re: De-Dollarisation.
Post by: andrewfi on September 29, 2015, 02:34:48 AM
Ughhh! The level of misinform is very high here.

Banker that doesn't understand the medium that is the foundation of his business.
Debtor who wants to pay his fines in pennies.
Same debtor whose 'accountant' specialising in 'investments' is unaware of the concept of bullion coins and their tax status.
Ants who live in a time warp where the past 45 years did not happen.
Lawyers who do not understand the difference between inevitable and imminent.
There's more but looking is just so depressing.  :'(

When writing or discussing one makes assumptions about the stuff that people know. On this forum it is customary for one to purposefully underestimate that level in order to accommodate the greater number of readers. This thread has burst the bounds of that personal convention wide open and revealed the dark underbelly of this community.
Title: Re: De-Dollarisation.
Post by: msmoby on September 29, 2015, 02:51:38 AM
Ughhh! The level of misinform is very high here.

Correct - that is the consequence of typing a 'riposte', before engaging one's 'sensible brain'.. but thanks for the continued entertainment..

Kindly find us 'your version' of what a Court -  In England and Wales - would define as legal tender in regard to coins and notes








Title: Re: De-Dollarisation.
Post by: B.B. on September 29, 2015, 03:19:27 AM
Lawyers who do not understand the difference between inevitable and imminent.

Actually, I do; it was, in fact, central to my point.  Perhaps you read my riposte to Manny as being more literal than I intended?  :coffeeread:

B/B

Title: Re: De-Dollarisation.
Post by: leslied on September 29, 2015, 04:03:15 AM
Capital gains Tax rules are set by HM Revenue and Customs.  The high courts role is to resolve ambiguity in the relevant legislation.

Here is the pertinent page from the HMRC Capital Gains Tax Manual -

http://www.hmrc.gov.uk/manuals/cgmanual/cg78305.htm (http://www.hmrc.gov.uk/manuals/cgmanual/cg78305.htm)

There is no ambiguity here. These coins are CGT exempt.  Period.

I post about things I know about unlike some others here...
Title: Re: De-Dollarisation.
Post by: andrewfi on September 29, 2015, 04:43:23 AM
Moby, there's stuff I know. Obviously your accountant who specializes in investments does not know his stuff - does he even exist outside your imagination?

Assuming that he exists but is incompetent it took me about 60 seconds to find the HMRC page that gave guidance specifically excluding certain types of coins. Same site as Les linked to, different page. ;)
You might want to reconsider your investment adviser and at the same time if you now have money to invest (and have paid off the money you scammed off others) it is worthwhile doing some learning for yourself so that you do not end up being scammed by incompetent or dishonest advisers.

bb, usually readers try to give credence to the words people use. Do you wish that we who read your words should NOT give them credence? If not, why write stuff that you know to be incorrect?
Title: Re: De-Dollarisation.
Post by: B.B. on September 29, 2015, 06:57:13 AM
bb, usually readers try to give credence to the words people use. Do you wish that we who read your words should NOT give them credence? If not, why write stuff that you know to be incorrect?

Of all the folks reading the thread, fifi, I thought I could have expected you to be more clever.

Do try and keep up.

B/B
Title: Re: De-Dollarisation.
Post by: Anteros on September 29, 2015, 04:27:07 PM
In regards to your silly comment that the US dollar has nothing backing it I suggest you go back to College and learn what it means to have the largest economy in the World

Yes, lets ask China.  :chuckle:

as well as the most powerful military in the World.

Is that why Putin has to go in and sort out the camel jockeys for you?


China makes and sells plastic crap -- they need Europe and the USA far more than we need them.  If you think they have the World's largest economy, is that why they make Apple products for us here in the USA?  Is that why they are making US aircraft engines and not their own?  Is that why they wish to build Boeings in China?  I wonder why they are not capable of inventing and making world class products on their own?

As for the ME you better hope and pray that Putin has a quick exit strategy, as when the next US President will be a Republican with some balls Putin is going to find out the hard way that he not only overextended himself but that his military is no match for ours -- provided we have a CIC who will let our men finish the job; and we will.  Keep dreaming your delusions though.  Why not?  An incompetent traitor CIC like Obama only happens every 200 years.
Title: Re: De-Dollarisation.
Post by: Anteros on September 29, 2015, 04:30:00 PM
Ant, the US dollar is not backed by gold. Do you honestly not know this stuff?

Is the fact that the US repudiated it's role in respect of Gold back in the Nixon administration news to you?
Does it really take over 40 years for  ease of 'current' affairs to reach you?

Here's some more stuff that you may have missed:
The US lost the Vietnam war.  The Soviet Union is no more. We have not been back to the moon for decades and,  while you were asleep, China has become the world's manufactury and the world's largest economy.

Much has changed while you were sleeping!

Fractional reserve system.  Try to keep up old boy! 
Title: Re: De-Dollarisation.
Post by: Manny on September 29, 2015, 04:32:38 PM
China makes and sells plastic crap

I know. I buy tons of it. I am back there in a week or so - great country, great people!  :thumbsup:

If you think they have the World's largest economy, is that why............... :GRRRR:

Stick a fork in you lot - you are done.

http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04

Title: Re: De-Dollarisation.
Post by: Anteros on September 29, 2015, 04:35:53 PM
The USA only accounts for about 10% of world trade in gold.  India is the largest gold market with about 22% of world trade. The middle east accounts for approx 15% + in total and China rivaling both.  (Source is UN world trade statistics)

Gold has not been "priced" in USD since the 1970s and the demise of Bretton Woods Agreement. The Indian, Chinese and middle eastern markets are priced in local currency and this sometimes results in a disparity of +/- 8%++ in USD terms.  It should be noted that this situation is for physical gold not Fiat (paper) gold like the Exchange traded Fund - GLD which regularly trades at a 5%+ discount to the price of physical gold.

The reason for this is simple.  Many countries impose volume restrictions / tariffs on the import and export of gold.  So the New York or London price fix is not directly relevant to those markets because it relates to the price of gold in those domestic markets.  This is especially true in China where an import tariff of 10% and a volume restriction have inflated domestic gold prices.


Gold is something one holds in reserve for emergencies, it is not a sole investment.  Those who think it is should read what Buffet says about it.   :coffeeread:
Title: Re: De-Dollarisation.
Post by: Anteros on September 29, 2015, 04:40:00 PM
China makes and sells plastic crap

I know. I buy tons of it. I am back there in a week - great country!  :thumbsup:

If you think they have the World's largest economy, is that why............... :GRRRR:

Stick a fork in you lot - you are done.

http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04

Keep dreaming pal.  The US Dollar will remain the reserve currency of the World for the next 40 years minimum.  Take off your tin foil hat and stop reading conspiracy theory web sites. 

The USA makes stuff that the rest of the World covets.  Why do you think China has to steal all of our technology to even have something?

Can you please tell me which Russian cars are sold overseas?  Which Russian computers are sold overseas?

It's Putin and Russia which you can stick a fork in.  5 years or less. 
Title: Re: De-Dollarisation.
Post by: B.B. on September 29, 2015, 04:45:39 PM
If you think they have the World's largest economy, is that why............... :GRRRR:

Stick a fork in you lot - you are done.

http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04

Not so fast: China: We're #2! (http://www.marketwatch.com/story/china-argues-its-not-really-worlds-largest-economy-2015-01-20)

At any rate, China will, eventually pass the US as the worlds largest economy as it has been for 18 of the past 21 Centuries, plus or minus, although that's ultimately meaningless in a "My dad can beat up your dad!" kind of way....and for as long as it lasts (China is going to have some Rough Sledding coming up w/r/t its real estate markets, healthcare and overall aging population).  Of course, it gives Western liberals the opportunity to hemorrhage American prestige, which they are so desperate to do. *shrugs*

B/B
Title: Re: De-Dollarisation.
Post by: AvHdB on September 29, 2015, 05:53:08 PM

Mark, You are correct, but try to pay for your groceries at Albert with a chunk of gold. Av
Try to buy them with Dollars. Equally moot point.

If you buy groceries via Albert at a Stop & Shop you generally use Dollars.

In Netherlands?

AH Holdings own Stop and Shop 100%. In the regions they operate in they are strong.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 30, 2015, 02:17:47 AM
Ant, which US computers are sold overseas?
Which US computers are sold in the US?

When you understand so little of your own environment and, every day, demonstrate that deficit, how can you be so sure of your fantasies?

Is your cock-sureness the certainty of the idiot?

I do not know whether I envy your certainty about the unknowable or am glad to not be so blind - on the whole probably the latter.

Quote
"One of the painful things about our time is that those who feel certainty are stupid, and those with any imagination and understanding are filled with doubt and indecision."
—Bertrand Russell, The Triumph of Stupidity
Title: Re: De-Dollarisation.
Post by: Markje on September 30, 2015, 02:26:48 AM
Quote
In Netherlands?

AH Holdings own Stop and Shop 100%. In the regions they operate in they are strong.

So that'd be a NO then.

AH Stop & Shop for the record, is an American holding, owned by AHOLD in Netherlands (which also owns the Albert Heijn, Etos and Gall&gall brands). They have 360 shops mainly in the United States of America, east-coast area.

So its no surprise you can spend dollars in shops in America.

Mark.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 30, 2015, 03:37:19 AM
. They have 360 shops mainly in the United States of America, east-coast area.

So its no surprise you can spend dollars in shops in America.

Mark.

I was kinda wondering where the old fellow was coming from. Another visit from Commodore Obvious perhaps?
Title: Re: De-Dollarisation.
Post by: AvHdB on September 30, 2015, 03:52:19 PM
. They have 360 shops mainly in the United States of America, east-coast area.

So its no surprise you can spend dollars in shops in America.

Mark.

I was kinda wondering where the old fellow was coming from. Another visit from Commodore Obvious perhaps?

Captain Dumbo, what are you blathering about?

Quote
In Netherlands?

AH Holdings own Stop and Shop 100%. In the regions they operate in they are strong.

So that'd be a NO then.

AH Stop & Shop for the record, is an American holding, owned by AHOLD in Netherlands (which also owns the Albert Heijn, Etos and Gall&gall brands). They have 360 shops mainly in the United States of America, east-coast area.

So its no surprise you can spend dollars in shops in America.

Mark.


Thanks Mark, you just confirmed that you can use US$ for a purchase from a Albert Heijn branded store.
Title: Re: De-Dollarisation.
Post by: Markje on October 01, 2015, 05:12:24 AM
Thanks Mark, you just confirmed that you can use US$ for a purchase from a Albert Heijn branded store.
Feeling like don quichote ?

Title: Re: De-Dollarisation.
Post by: andrewfi on October 01, 2015, 05:29:40 AM
AvHdB, Put. Down. The. Glass. you have a family now. ;)

I was referring to your rather obvious, dare we say facile, or silly, point that yes, one can spend dollars in a US store.

You may be getting as bored as moby but you don't really need to find kinship with him in this stuff do you?
Title: Re: De-Dollarisation.
Post by: Anteros on October 01, 2015, 09:44:59 AM
Ant, which US computers are sold overseas?
Which US computers are sold in the US?

When you understand so little of your own environment and, every day, demonstrate that deficit, how can you be so sure of your fantasies?

Is your cock-sureness the certainty of the idiot?

I do not know whether I envy your certainty about the unknowable or am glad to not be so blind - on the whole probably the latter.

Gee Andrew, there is Apple, Dell Hewlett-Packard and IBM to name a few.  Of course the most important technology of a computer are the chips inside which run them, such as AMD and Intel. 

Then there is the latest top super-computer in the World, the Titan.

http://news.yahoo.com/worlds-fastest-supercomputer-crowned-us-192428438.html

 :coffeeread:
Title: Re: De-Dollarisation.
Post by: AvHdB on October 01, 2015, 06:14:42 PM
AvHdB, Put. Down. The. Glass. you have a family now.

Andrew, Obviously you need to get a refund for your education, or perhaps you were too busy being the bully.

Time to master punctuation.

In fact I have assumed a second job, so I am rather busy, but we all need amusement, thank you.
Title: Re: De-Dollarisation.
Post by: B.B. on October 01, 2015, 06:34:24 PM
So who does anyone think will win the AFC East this year?
Title: Re: De-Dollarisation.
Post by: AvHdB on October 01, 2015, 06:38:12 PM
So who does anyone think will win the AFC East this year?

Manny will say a team from Russia

Moby will proclaim it is rigged

Andrew will pontificate on an unrelated point

MD will be offended

Westy will wonder why only the East Coast

TT will give a single liner

Wiz will make some angry old man post

Leslie will clean it all up
Title: Re: De-Dollarisation.
Post by: Anteros on October 01, 2015, 09:16:24 PM
So who does anyone think will win the AFC East this year?

Duh!  Tom Brady and the New England Patriots!  Are you bored or something?   :laugh:
Title: Re: De-Dollarisation.
Post by: WestCoast on October 04, 2015, 04:32:16 PM
Ant, which US computers are sold overseas?
Which US computers are sold in the US?

When you understand so little of your own environment and, every day, demonstrate that deficit, how can you be so sure of your fantasies?

Is your cock-sureness the certainty of the idiot?

I do not know whether I envy your certainty about the unknowable or am glad to not be so blind - on the whole probably the latter.

Quote
"One of the painful things about our time is that those who feel certainty are stupid, and those with any imagination and understanding are filled with doubt and indecision."
—Bertrand Russell, The Triumph of Stupidity

Andrew I've recommended you don't speak on topics involving business and here you go again demonstrating how little you know. Apple considered at the moment the largest tech company in the is sold globally. Apple is headquartered in the US. Apple is also considered the most valuable company in the world. (http://www.forbes.com/sites/liyanchen/2015/05/11/the-worlds-largest-tech-companies-apple-beats-samsung-microsoft-google/)

Then of course (in no particular order) there's Amazon (my wife & I use it all the time), IBM, Microsoft, Google, Cisco (http://fortune.com/2015/06/13/fortune-500-tech/) etc. Really the list is long take a look for yourself. Andrew if you do want to rebuttal, please do, but at least do everyone a favour and include links. It will let us know you put a little thought into your post.


Title: Re: De-Dollarisation.
Post by: Markje on October 05, 2015, 01:24:56 AM
Apple considered at the moment the largest tech company in the is sold globally. Apple is headquartered in the US. Apple is also considered the most valuable company in the world.[/url]

Then of course (in no particular order) there's Amazon (my wife & I use it all the time), IBM, Microsoft, Google, Cisco (http://fortune.com/2015/06/13/fortune-500-tech/) etc. Really the list is long take a look for yourself. Andrew if you do want to rebuttal, please do, but at least do everyone a favour and include links. It will let us know you put a little thought into your post.
You might want to lookup the tax-records of all companies mentioned, you'd be surprised how many are american actually... I think 0 of them.

So, based upon their tax status,

Apple is irish.
IBM is Dutch.
Cisco is Swiss.
Microsoft has 2 passports, Irish and Singapore.
And finally Google:
Google is Irish
Oracle is also Irish.

The list goes on, but none of these companies claim to be American themselves. (To avoid taxes).
Title: Re: De-Dollarisation.
Post by: andrewfi on October 05, 2015, 02:34:23 AM
In addition, Apple, for example, makes almost nothing in the US - they used to do back when I was selling their kit, but no longer. They made big claims a couple of years ago about starting up manufacture in the US - turned out it was assembly of Chinese kits. I don't know what the outcome of that was but it was hardly the Great Leap Forward in U.S manufacturing that was claimed at the time.

IBM, last year sold their x86 server business to Lenovo, a Chinese business that you may have heard of. Odd thing about that though, IBM did not manufacture these systems in the U.S. Lenovo will be doing at least some manufacture of these servers in the U.S.

You are making the naive error that many folks make of assuming that just because it says a name written in English on the pack that it is made in the U.S. There's a big difference between exporting manufacture and retaining manufacture in the 'home' market.

Youd've thought an International Banker and businessman would know about this stuff, yes?

Here's a part of the problem though - keeping Americans in an uneducated state enables all sorts of terrible things to be foisted off on them. I bet that most North Americans here still think that all their favourite 'American' cars are made in the US.  ???
Title: Re: De-Dollarisation.
Post by: WestCoast on October 05, 2015, 12:18:47 PM
In addition, Apple, for example, makes almost nothing in the US - they used to do back when I was selling their kit, but no longer. They made big claims a couple of years ago about starting up manufacture in the US - turned out it was assembly of Chinese kits. I don't know what the outcome of that was but it was hardly the Great Leap Forward in U.S manufacturing that was claimed at the time.

IBM, last year sold their x86 server business to Lenovo, a Chinese business that you may have heard of. Odd thing about that though, IBM did not manufacture these systems in the U.S. Lenovo will be doing at least some manufacture of these servers in the U.S.

You are making the naive error that many folks make of assuming that just because it says a name written in English on the pack that it is made in the U.S. There's a big difference between exporting manufacture and retaining manufacture in the 'home' market.

Youd've thought an International Banker and businessman would know about this stuff, yes?

Here's a part of the problem though - keeping Americans in an uneducated state enables all sorts of terrible things to be foisted off on them. I bet that most North Americans here still think that all their favourite 'American' cars are made in the US.  ???

Andrew you're thinking like someone with a limited understanding of business. Who do you think is paid more the person who puts together an iPad or who someone who designs one? Apple owns massive amounts of property in the US and to a lesser extent in Europe and Asia (http://www.macrumors.com/2013/10/30/apples-2013-annual-report-inside-the-numbers-on-employees-retail-stores-and-more/). Andrew what do you think Apple is doing with that space? Google is the same.

You'll find this is common with tech companies. The grunt work, assembling the devices in done in low wage countries. The design work for the most part is done in the US and taxes are being paid in various EU countries because of tax haven laws that make it possible to funnel profits there from sales elsewhere.

Title: Re: De-Dollarisation.
Post by: Markje on October 05, 2015, 12:42:34 PM
You'll find this is common with tech companies. The grunt work, assembling the devices in done in low wage countries. The design work for the most part is done in the US and taxes are being paid in various EU countries because of tax haven laws that make it possible to funnel profits there from sales elsewhere.
So? The companies themselves claim they aren't American, why shouldn't we believe them.
Title: Re: De-Dollarisation.
Post by: andrewfi on October 05, 2015, 01:19:34 PM
Westcoast, you DO know that an imported, contract built iThing does not increase U.S GDP don't you? The US ha the bright idea a while back of including imported manufactures as GDP. Silly idea if for no other reason than it'd mean double counting for GDP purposes; once, correctly, in the locale of manufacture and once again, fraudulently, in the U.S.

Look, you don't understand what you are going on about, that's normal for you, we get it. But please don't then waste our time in a feeble imitation of moby (he is MUCH better at this than you!) by then shuffling and sliding around with stuff you simply don't 'get'!
Title: Re: De-Dollarisation.
Post by: cufflinks on October 12, 2015, 09:28:01 PM
In addition, Apple, for example, makes almost nothing in the US - they used to do back when I was selling their kit, but no longer. They made big claims a couple of years ago about starting up manufacture in the US - turned out it was assembly of Chinese kits. I don't know what the outcome of that was but it was hardly the Great Leap Forward in U.S manufacturing that was claimed at the time.

IBM, last year sold their x86 server business to Lenovo, a Chinese business that you may have heard of. Odd thing about that though, IBM did not manufacture these systems in the U.S. Lenovo will be doing at least some manufacture of these servers in the U.S.

You are making the naive error that many folks make of assuming that just because it says a name written in English on the pack that it is made in the U.S. There's a big difference between exporting manufacture and retaining manufacture in the 'home' market.

Youd've thought an International Banker and businessman would know about this stuff, yes?

Here's a part of the problem though - keeping Americans in an uneducated state enables all sorts of terrible things to be foisted off on them. I bet that most North Americans here still think that all their favourite 'American' cars are made in the US.  ???

LOL Most of Americans Favorite Cars have Japanese Names and made in advanced robotic factories the Japanese built long ago in the USA - Toyota last I checked had 12 major plants...  One of VWs most advanced Robotic plant is iirc in Tennesee and BMW and Mercedes have USA plants as well - why - the USA natgaz fracking revolution guarantees plentiful cheap supplies of energy for the next 200 years and carve a factory out of a giant tobacco or corn filed and you get land - lotsa land and the starry skies above ... Fiat now owns jeep chrysler and then their is FORD an international company that took NO bailouts and of course GM which makes all of its profits from its China plants - for now.

Fact is USA Dollar Volume of Manufacturing in the USA is greater than ever - all advanced robotics.  Advanced robotics coming to McDonalds and Starbux as California continues to increase minimum wages to $15 per hour and Equalizes womens wages with men - subsequent to the Cal reports that 72 cents on the dollar was a lite it is now 84 cents on the dollar and among recent college grads - 52% of all new professional grads are daddies little girls and they are earning more to start than their brothers.

Not one major Chinese manufacturing plant in the USA comparable to the massive plants in the Land of Mao - though due to cheap USA energy costs for the next few centuries and plenty of non Fukushima irradiated land many Chinese firms looking hard at the USA - except that the heirs to Maos one party rule do not want to export too many Chinese workers that will spread the truth of the USA back home - compared to living conditions in China - you can drink the water and breathe the air in the USA - the USA is an industrial paradise even Detroit rebuilding...

Welcome to 2015.
Title: Re: De-Dollarisation.
Post by: Manny on October 15, 2015, 04:33:04 AM
Synopsis of a conversation with a chap today in China who owns a factory:

"How much are these if I take 5000?"
"$X each"
"Why are we talking dollars in China when I am not American? Do we need to use a currency foreign to both of us? I'd prefer not to use dollars."
"I agree with you, our government is trying to get people away from using the dollar actually, its outdated for us now, its just habit. Pounds or RMB?"
"RMB is fine"
"RMB it is"

An interesting side conversation we had as a result of that exchange covered Russia, Syria and America. He said their media is now talking about American aggression across the world where they seldom did before. He also said the discussion in Chinese media had started about China joining in with Russia in Syria.

We discussed Russia, he said Russia and Putin are generally well regarded in China. Certainly, there are no shortage of Russians at the trade fair I am at here in China. It is the language I hear most after Chinese and English. He said despite the Rouble being weaker, Russians are still buying. They are just haggling more.

Dry humour is something you seldom see in the Chinese. I asked him if he had similar political conversations with his American customers, he said, "What can you tell them? They all watch CNN". Made me laugh anyway.........

Needless to say, a deal was done, and not in dollars.



Title: Re: De-Dollarisation.
Post by: andrewfi on October 15, 2015, 06:11:38 AM
Yes Cufflinks, not the point under discussion, but you have noticed that the USA has changed from being a leader to being a price leader.

That's why foreign firms set up in the USA. It is cheaper for them and look what they make, stuff that is relatively expensive to move around. Not much of what they make is re-exported.

Whilst you pat yourself on the back for living in the same country as some factories from foreign investors, look at the way in which they came to be there. Hardly any came without very substantial bribes. Look at how wages have fallen - and they have. These days I can hire a U.S coder for the same kind of money as an Indian.

Pat yourself on the back when those factories open up without paying bribes. When the workers get the same wages as they'd have gotten in unionised plants elsewhere in the U.S. basically, when U.S factories are not competing on price but on quality! There's a reason why we in the rest of the world don't like to buy U.S re-exported cars from some bumfuk  factory in the middle of the Appalachians. You don't get the choice and don't know the difference. ;)
Title: Re: De-Dollarisation.
Post by: cufflinks on October 15, 2015, 09:23:45 AM
Since Afi you HATE all things American due to it having replaced the once global glory of the British Empire - you ought to love this about one of your former colonies who also told you lot to sod the eff off:

http://news.yahoo.com/china-billionaires-overtake-us-survey-071448210--finance.html

I was actually surprised considering the recent market meltdowns in China yet the march of the NCBs or Nouveau Chinese Billionaires marches on amazing really how China is now the new Russia.

Corporate factory industrial real estate in the USA to boom as a result.

Chinese Billionaires absolutely LOVE the USA for many many reasons.

Removed.

Yuan and Renminbi converted happily in the USA to purchase land for factories and crash pads and world class educations for their family members for a modest fee of course.

Moderate your language Cuffy - Leslied
Title: Re: De-Dollarisation.
Post by: WestCoast on October 15, 2015, 09:57:43 AM
Synopsis of a conversation with a chap today in China who owns a factory:

"How much are these if I take 5000?"
"$X each"
"Why are we talking dollars in China when I am not American? Do we need to use a currency foreign to both of us? I'd prefer not to use dollars."
"I agree with you, our government is trying to get people away from using the dollar actually, its outdated for us now, its just habit. Pounds or RMB?"
"RMB is fine"
"RMB it is"

Manny why are you so quick to trash USD? If you're willing to pay in RMB you should at least negotiate for some type of discount for doing business in RMB. It's done all the time. You may only get 1/4% or 1/2% discount but better the money in your pocket than his.

An interesting side conversation we had as a result of that exchange covered Russia, Syria and America. He said their media is now talking about American aggression across the world where they seldom did before. He also said the discussion in Chinese media had started about China joining in with Russia in Syria.

Manny, the US and its activities around the world have always been in the news in China. How do I know this? My wife is Chinese born and speaks Mandarin and Shanghainese (language of the Shanghai region). I speak Mandarin well enough to understand the news and read articles. At home we have all the Chinese language TV channels. After all, China wants to replace the US as #1 in the world so the state run media in China isn't going to be talking about countries like the UK and Russia which are even lower down the global superpower list than China. 

Tensions over the Spratly Islands in the South China Sea and the possibility of the US military overflying the islands or sailing ships through the area have recently made for even more tensions. China sending their military to Syria and the possibility of dealing with the US is also making the news.


We discussed Russia, he said Russia and Putin are generally well regarded in China. Certainly, there are no shortage of Russians at the trade fair I am at here in China. It is the language I hear most after Chinese and English. He said despite the Rouble being weaker, Russians are still buying. They are just haggling more.

Dry humour is something you seldom see in the Chinese. I asked him if he had similar political conversations with his American customers, he said, "What can you tell them? They all watch CNN". Made me laugh anyway.........

Needless to say, a deal was done, and not in dollars.

Yet China hasn't recognised Russia's annexation of Crimea nor have Chinese banks made up for the financing Russian banks have lost due to EU and US sanctions.
Title: Re: De-Dollarisation.
Post by: andrewfi on October 15, 2015, 10:12:01 AM
Cufflinks, unlike some, I don't do hate. I leave that to shaved apes and other animals - you see yourself there obviously. Hate removes the ability to think, those who can't think can easily hate.

There are very good reasons for Chinese billionaires to 'love' the U.S, or to more realistically, love spending their surplus dollars there. Don't allow yourself to get emotion and practicality confused - my guess is that this has been a career limiting issue with you across your entire adult life. Your posts drip with the envy of those who you consider better off than you - but you could've been one of those people - except that they tend to think and not emote.

Envy, such a negative emotion, locking its victims into their poverty.

So, have a think about why it is that the U.S is a great place for foreign people with lots of dollars to be 'real' assets.
Think about China's macro economic policies and consider their economic refocusing. This will require you to do more than read Maxim or the freebie newsletters hawking the latest financial trick to fool the gullible like you.

When you understand what China is doing then you will understand why they are in your country getting 'free' real estate.

Not hate, not envy - but real stuff, based upon sound analysis.

Title: Re: De-Dollarisation.
Post by: cufflinks on October 15, 2015, 10:54:41 AM
Cufflinks, unlike some, I don't do hate. I leave that to shaved apes and other animals - you see yourself there obviously. Hate removes the ability to think, those who can't think can easily hate.

There are very good reasons for Chinese billionaires to 'love' the U.S, or to more realistically, love spending their surplus dollars there. Don't allow yourself to get emotion and practicality confused - my guess is that this has been a career limiting issue with you across your entire adult life. Your posts drip with the envy of those who you consider better off than you - but you could've been one of those people - except that they tend to think and not emote.

Envy, such a negative emotion, locking its victims into their poverty.

So, have a think about why it is that the U.S is a great place for foreign people with lots of dollars to be 'real' assets.
Think about China's macro economic policies and consider their economic refocusing. This will require you to do more than read Maxim or the freebie newsletters hawking the latest financial trick to fool the gullible like you.

When you understand what China is doing then you will understand why they are in your country getting 'free' real estate.

Not hate, not envy - but real stuff, based upon sound analysis.

Now you are a delusional bold faced liar but we on this side of the pond and of course Moby on your side have known that for quite some time now.
Title: Re: De-Dollarisation.
Post by: AvHdB on October 15, 2015, 05:50:22 PM
Cufflinks, unlike some, I don't do hate. I leave that to shaved apes and other animals - you see yourself there obviously. Hate removes the ability to think, those who can't think can easily hate.

Not hate, not envy - but real stuff, based upon sound analysis.

Andrew does not hate. His attitude it is in way worse a sort of aggressive dismissal, if one does not concur with HIS line of thinking he will dismiss your opinions, in one way or the other. If one points out discrepancies or untruths in his posts, his reaction is to label you negatively. When suggested that he apologize he will turn the suggestion on its head and state you own him an apology, for his being an arse.

Such is our FiFi. Yes at times he can make an insightful post, but they are few and far between. Mostly though it is vile bile.
Title: Re: De-Dollarisation.
Post by: Donhollio on October 15, 2015, 08:31:02 PM
Dry humour is something you seldom see in the Chinese. I asked him if he had similar political conversations with his American customers, he said, "What can you tell them? They all watch CNN". Made me laugh anyway.........

CNN's ratings have been tanking for some years now. Some nights they have non news programs, so I don't know why you think us non Putin surfs get all our news from them. But I guess its an easy target for you to continually point out, albeit completely false.
Title: Re: De-Dollarisation.
Post by: msmoby on October 15, 2015, 11:34:51 PM

Needless to say, a deal was done, and not in dollars.

Manny

You aren't the only person buying from China and the biggest broker site in the world -  Alibaba has a retail site ..aliexpress..

Try to find me YUAN as a payment option... 

Title: Re: De-Dollarisation.
Post by: Manny on October 16, 2015, 08:09:11 AM

Needless to say, a deal was done, and not in dollars.

Manny

You aren't the only person buying from China and the biggest broker site in the world -  Alibaba has a retail site ..aliexpress..

Try to find me YUAN as a payment option...

Ali Express is a foreign facing retail site. It accepts a range of foreign currencies.
Title: Re: De-Dollarisation.
Post by: andrewfi on October 16, 2015, 09:13:18 AM
AvHdB, when was the last time that you claimed I was wrong about a matter of fact where, in fact I WAS wrong?

Go on, give it a whirl.

Please understand you already know that I am well prepared when I write stuff, you have tried to catch me out before and it cost you a lot of money to find out your error. I am not perfect though and thus, I learn. ;)

So, if your feathers get ruffled when I point out that your suggestions are, once again, unfounded that is your weakness, not mine.

However, when people like you make big claims that are unsubstantiated, when you write as though you are inebriated, when you write like an idiot, then you are going to have to forgive me, I am not a saint and am not blessed with the patience of one.

So, if you want to dispute something I write then get your facts straight because that is how you get challenged and if that upsets you, well, get the facts straight and problem goes away.
Title: Re: De-Dollarisation.
Post by: msmoby on October 16, 2015, 09:31:10 AM

Ali Express is a foreign facing retail site. It accepts a range of foreign currencies.

Sighs

They are  part of alibaba and the wholesalers perfer  usd  in my experience ..of a LONG time
Title: Re: De-Dollarisation.
Post by: WestCoast on October 16, 2015, 09:55:13 AM

Needless to say, a deal was done, and not in dollars.

Manny

You aren't the only person buying from China and the biggest broker site in the world -  Alibaba has a retail site ..aliexpress..

Try to find me YUAN as a payment option...

I should put out to both Manny and Moby that the stock price for Alibaba has tanked since its IPO. The company and the Chinese economy as a whole might be tanking. Or maybe management is just terrible.
Title: Re: De-Dollarisation.
Post by: Manny on October 16, 2015, 09:57:21 AM

Ali Express is a foreign facing retail site. It accepts a range of foreign currencies.

Sighs

They are  part of alibaba and the wholesalers perfer  usd  in my experience ..of a LONG time

They are stuck in a rut, indeed. But it will change as the Chinese policy of dumping the dollar continues.

I found out today in China that many Russians wont use dollars now, they are paying in RMB.

I am not referring to people buying odds and sods off Ali Express, of course.
Title: Re: De-Dollarisation.
Post by: msmoby on October 16, 2015, 10:01:15 AM

They are stuck in a rut, indeed. But it will change as the Chinese policy of dumping the dollar continues.

I found out today in China that many Russians wont use dollars now, they are paying in RMB.

I am not referring to people buying odds and sods off Ali Express, of course.

We pay in RUB / GBP / EUR /USD - depending on the destination.
Title: Re: De-Dollarisation.
Post by: Manny on October 16, 2015, 10:01:55 AM
and the Chinese economy as a whole might be tanking.

Looking at the heaving restaurants, frantic shopping and the wheels here, including Italian supercars, Rollers, Bentleys Astons, and at the border with HK there was a Maybach in the queue, it would seem nobody looks too concerned. Indeed, the trade fair is busier than ever. Quite a few Africans doing business too as well as the Russians. Not seen too many Yanks though (and you normally hear them before you see them, but they can be picked out easily in a crowd anyway.)
Title: Re: De-Dollarisation.
Post by: andrewfi on October 16, 2015, 10:15:04 AM
China is doing something that the British did, but that the U.S did not quite get the hang of. Your mention of Africans highlights this matter. The Chinese are busy in Africa, and other places, investing in the countries, very often with appropriate infrastructure projects. The idea has several benefits.
1) This builds relationships with local authorities and businesses
2) Chinese firms and services are often the chosen contractors for the projects
3) because these projects are appropriate the wealth of the country increases through the use of the created infrastructure

The U.S through the World Bank only ever really got the hang of the first two points. U.S firms increased their wealth from the projects, the projects tended to be a way to 'legitimately' buy off the local supremo but in almost no cases was the overall wealth of the country increased as a result of, very often, indeed normally, inappropriate projects.

Now African firms are trotting off to China to buy new stuff with new wealth which will increase both their countries wealth in a virtuous cycle. How much of that increased wealth is heading toward the U.S?
Title: Re: De-Dollarisation.
Post by: Manny on October 16, 2015, 10:36:23 AM
Now African firms are trotting off to China to buy new stuff with new wealth which will increase both their countries wealth in a virtuous cycle. How much of that increased wealth is heading toward the U.S?

Not just firms. While out shopping today there were loads of them mooching about. I found out they fly in with empty suitcases and fly out with full ones of all sorts, but mostly small electronics/electrical. Stuff they can make good profit on in Africa. Shops wont take dollars, so whatever they bring they must go to the money change kiosk. The very place I dumped some dollars I had today. As it happens, they complained some of my $100 dollar bills were "old design" but after bickering, took them anyway.
Title: Re: De-Dollarisation.
Post by: andrewfi on October 16, 2015, 11:34:36 AM

Not just firms. While out shopping today there were loads of them mooching about. I found out they fly in with empty suitcases and fly out with full ones of all sorts, but mostly small electronics/electrical. Stuff they can make good profit on in Africa.

That's the same kind of trade as used to go on between China and Russia. To Some degree also, between Finland and Russia. Except that those people used buses and trains and those immense woven carrier bags - you know the ones, white with little blue and red stripes.

They'd move whatever made money. From Saint Petersburg they'd be on the bus exporting ciggies and alcohol and on the way back with clothes, electronic toys, whatever.
It was quite a thing. When they arrived at Helsinki they were usually on the cheap buses so they'd be dropped off near to the port area, by the School of Economics. All the folks who 'knew' would be there to buy from these folks, they didn't need to move away from the bus to shift their goodies. Then off into town to pick up the return stock. Some of the 'exporters' would be selling stuff when the bus stopped on the way to Helsinki.

You'd see the ones from China by the train stations in Moscow and to some degree in SPb.

I bet that some of those people ended up making enough money to start 'proper' businesses. Anyway, it is a good sign, there are people moving up the value chain and that bodes well for the future.
Title: Re: De-Dollarisation.
Post by: cufflinks on October 16, 2015, 10:56:27 PM
It appears the left had in China is unaware of what the right hand is doing, the Chinese want their cake and to eat it too - trading partners be damned - I rally can't wait to vote for President Trump lets see who launches the first nukes:

Three of today's headlines:
http://www.valuewalk.com/2015/10/china-us-military-war/?ref=yfp

China taking over the South China Seas
China Ready To Use Military Force If US Violates Its Territorial Waters
As the U.S. mulls sending warships within 12 miles of the artificial islands built by China in the South China Sea, Beijing has issued a stern warning to Washington. On Tuesday, the U.S. Defense Secretary Ashton Carter said the U.S. will sail and fly wherever international laws allow, and the South China Sea is no exception.

http://news.yahoo.com/chinese-firms-want-build-finance-california-high-speed-020507770--business.html

SAN FRANCISCO (Reuters) - A team of Chinese firms, along with the Export-Import Bank of China, wants to build and finance a large part of California’s proposed 800-mile high-speed rail project.

The firms expressed their interest last month in a 23-page document sent to the California High-Speed Rail Authority. The authority asked private companies from around the globe to help shape the state's strategy to launch the first stage of its train line, considered the most ambitious infrastructure project in the United States.  (California is served by air service now who is going to want to be going 200mph+ when and earthqukes hits in the most seismic active US state on the Pac Rim of Fire?)

http://finance.yahoo.com/news/steve-wynn-45-years-experience-211659770.html
Wynn's "this" is Macau.

And what he's seeing is what happens when the Chinese government turns its back on your business.

Wynn made these comments on a conference call following another quarter of dismal earnings. His company's stock fell 7.5% as he spoke.

Angrily.

Wynn's third-quarter earnings missed analyst estimates of $1.03 billion in revenue, delivering $996.3 million. At the same time last year — while Macau's slowdown was also apparent — the casino hauled in $1.3 billion in revenue.

"The decline was the result of a 37.9% net-revenue decrease from our Macau operations and a 3.9% net-revenue decrease from our Las Vegas operations," said Wynn in its release statement.

To paint the picture even more clearly, in the first quarter of this year Wynn's Macau revenue fell 32% from the same time a year before.

In the second quarter, they fell 35% from the same time a year before.

This is getting worse

For over a year the Chinese government has been cracking down on gambling in Macau, the world's biggest gambling center.

Anyone who invests a dime in China not too mention billions needs to learn this Macau lesson.

Would not surprise me to see China drive these properties to bankruptcy and then take them over as Gov Owned Entities. 

China SUX.
Title: Re: De-Dollarisation.
Post by: WestCoast on October 16, 2015, 11:27:02 PM
I really want to see if the US will overfly and/or sail through the Spratly Islands that China is claiming as theirs. I really can't see Obama allowing it. When it comes to confrontation he's too much of a pacifist. A confrontation on this issue with China could go very bad very quickly, even quicker than fighting in Syria.
Title: Re: De-Dollarisation.
Post by: Manny on October 17, 2015, 01:07:35 AM
China Ready To Use Military Force If US Violates Its Territorial Waters
As the U.S. mulls sending warships within 12 miles of the artificial islands built by China in the South China Sea, Beijing has issued a stern warning to Washington.

China is correct here, they should stop you lot by whatever means. They know you prefer to fight with camel jockeys rather than countries with a real army, so you will comply.

What we are really seeing here with stuff like this, and de-dollarisation, is what Putin has spoke of many times: A move away from a unipolar world. It will take the US a while to adjust, and they wont do so quietly as I have said before.
Title: Re: De-Dollarisation.
Post by: Steveboy on October 17, 2015, 01:13:19 AM
I really want to see if the US will overfly and/or sail through the Spratly Islands that China is claiming as theirs. I really can't see Obama allowing it. When it comes to confrontation he's too much of a pacifist. A confrontation on this issue with China could go very bad very quickly, even quicker than fighting in Syria.

Yes would be interesting to see how the Big Mouth US gets on here. I think they will back off like a little scolded school boy :chuckle:

Wimps when it comes to standing up to someone bigger than themselves….
Title: Re: De-Dollarisation.
Post by: cufflinks on October 17, 2015, 12:12:47 PM
I really want to see if the US will overfly and/or sail through the Spratly Islands that China is claiming as theirs. I really can't see Obama allowing it. When it comes to confrontation he's too much of a pacifist. A confrontation on this issue with China could go very bad very quickly, even quicker than fighting in Syria.

Yeah the Bloody Chinese Buggers will LOSE their one market of suckers giving them a $300 Billion annual Trade Surplus and single handedly responsible for funding the rebuilding of their entire bloody nation and military.

The Spratly concrete and sand Atolls were built with US supplied monies - time to invade them and plant our rightful flags of ownership.  The Chinese are the world's most predatory capitalists and worship money - they are addicted to the US open markets and the Chinese Red Army and Maritime forces will do what the Chinese Red Communist Politburo tells them to do in the end which is to stand down and not risk their USA gravy train. 

If not this is as good as any time to go full on strategic nuclear before Obama totally disarms our nuclear triumvirate - land, air and sea launched ICBMs and the Chinese have a lot more souls to lose than the USA - a righteous fire and brimstone thinning of the herds is long overdue.

Lob a few into Syria for good measure - might as well bring the UK, Euros, Israelis and Rooskies in to the after glow party.

Considering the Chinese Yin and yang concepts of strength and weakness being complimentary combined with the the consensus of the world that the USA and Obama are inept and weak - this is now the very best time for the wounded US Grizzly Bears to go full on preemptive - the world would not know what hit it and our Star Wars nuclear defense systems work very well indeed.

What has Obama to lose as he is likely to be prosecuted for war crimes anyway...  might as well solve climate change with a prolonged nuclear winter.
Title: Re: De-Dollarisation.
Post by: WestCoast on October 17, 2015, 12:23:02 PM
I really want to see if the US will overfly and/or sail through the Spratly Islands that China is claiming as theirs. I really can't see Obama allowing it. When it comes to confrontation he's too much of a pacifist. A confrontation on this issue with China could go very bad very quickly, even quicker than fighting in Syria.

Yeah the Bloody Chinese Buggers will LOSE their one market of suckers giving them a $300 Billion annual Trade Surplus and single handedly responsible for funding the rebuilding of their entire bloody nation and military.

The Spratly concrete and sand Atolls were built with US supplied monies - time to invade them and plant our rightful flags of ownership.  The Chinese are the world's most predatory capitalists and worship money - they are addicted to the US open markets and the Chinese Red Army and Maritime forces will do what the Chinese Red Communist Politburo tells them to do in the end which is to stand down and not risk their USA gravy train. 

If not this is as good as any time to go full on strategic nuclear before Obama totally disarms our nuclear triumvirate - land, air and sea launched ICBMs and the Chinese have a lot more souls to lose than the USA - a righteous thinning of the herds is long overdue.

Lob a few into Syria for good measure - might as well bring the UK, Euros, Israelis and Rooskies in to the after glow party.

There are still a number of islands in the Spratly Islands group near the Philippines, the US and Philippines could build some airstrips and docks on these islands then have a few US Navy warships dock there on a regular basis. Combine that with US Air Force planes using the airstrips and I'm sure that would piss off the Chinese.
Title: Re: De-Dollarisation.
Post by: cufflinks on October 17, 2015, 12:28:45 PM
I really want to see if the US will overfly and/or sail through the Spratly Islands that China is claiming as theirs. I really can't see Obama allowing it. When it comes to confrontation he's too much of a pacifist. A confrontation on this issue with China could go very bad very quickly, even quicker than fighting in Syria.

Yeah the Bloody Chinese Buggers will LOSE their one market of suckers giving them a $300 Billion annual Trade Surplus and single handedly responsible for funding the rebuilding of their entire bloody nation and military.

The Spratly concrete and sand Atolls were built with US supplied monies - time to invade them and plant our rightful flags of ownership.  The Chinese are the world's most predatory capitalists and worship money - they are addicted to the US open markets and the Chinese Red Army and Maritime forces will do what the Chinese Red Communist Politburo tells them to do in the end which is to stand down and not risk their USA gravy train. 

If not this is as good as any time to go full on strategic nuclear before Obama totally disarms our nuclear triumvirate - land, air and sea launched ICBMs and the Chinese have a lot more souls to lose than the USA - a righteous thinning of the herds is long overdue.

Lob a few into Syria for good measure - might as well bring the UK, Euros, Israelis and Rooskies in to the after glow party.

There are still a number of islands in the Spratly Islands group near the Philippines, the US and Philippines could build some airstrips and docks on these islands then have a few US Navy warships dock there on a regular basis. Combine that with US Air Force planes using the airstrips and I'm sure that would piss off the Chinese.

The Filipinos are already begging the USA to come in and rebuild and reactivate its major Naval and Airforce bases shut down after the overthrow of the Marcos regime.  Which the USA is quite likely to do - Chinese understand the concept of Check and Mate - the bases are much larger and more comfortable than those damned Atolls...  Fits right in with the Crown's plan of projecting power to contain the Red Chinese and protect their commonwealth subjects in OZ and NZ and Canada.
Title: Re: De-Dollarisation.
Post by: cufflinks on October 18, 2015, 06:09:09 PM
http://www.bloomberg.com/news/articles/2015-10-18/china-s-selling-tons-of-u-s-debt-americans-couldn-t-care-less-?cmpid=yhoo.headline

China's Selling Tons of U.S. Debt. Americans Couldn't Care Less.

For all the dire warnings over China’s retreat from U.S. government debt, there is one simple fact that is being overlooked: American demand is as robust as ever.

Not only are domestic mutual funds buying record amounts of Treasuries at auctions this year, U.S. investors are also increasing their share of the $12.9 trillion market for the first time since 2012, data compiled by Bloomberg show.

Appears USA's mega Non Bank financial institutions like Massive Pension and Mutual Funds buying up as much USA Treasury Debt that the Chinese need to sell to recapitalize their markets and continue to feed their bubble economy.

As usual the Euro whiners crying that the USA is about to be de-dollarized is being short circuited by the Chinese 596 Billionaires who see the USA as a safe haven and demand from USA Mega Financials to buy up all the discounted T-Bills that China wants to dump.

Thank you to the brilliant Bejing currency and markets manipulators.

And the world turns.
Title: Re: De-Dollarisation.
Post by: msmoby on October 19, 2015, 03:49:42 AM
Shops wont take dollars, so whatever they bring they must go to the money change kiosk. The very place I dumped some dollars I had today. As it happens, they complained some of my $100 dollar bills were "old design" but after bickering, took them anyway.

UK shops don't normally take USD - but that hardly suggests de-dollarisation ... It IS noted that you took dollars with you, though...  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Texan77 on October 19, 2015, 06:01:47 AM
China Ready To Use Military Force If US Violates Its Territorial Waters
As the U.S. mulls sending warships within 12 miles of the artificial islands built by China in the South China Sea, Beijing has issued a stern warning to Washington.

China is correct here, they should stop you lot by whatever means. They know you prefer to fight with camel jockeys rather than countries with a real army, so you will comply.

What we are really seeing here with stuff like this, and de-dollarisation, is what Putin has spoke of many times: A move away from a unipolar world. It will take the US a while to adjust, and they wont do so quietly as I have said before.

One of the things that is causing Trump to be popular is his desire for balance US trade with China. If we did that in a few years we would not need to worry about these islands or anything else about China. 
Title: Re: De-Dollarisation.
Post by: WestCoast on October 19, 2015, 11:25:07 AM
Now African firms are trotting off to China to buy new stuff with new wealth which will increase both their countries wealth in a virtuous cycle. How much of that increased wealth is heading toward the U.S?

Shops wont take dollars

Manny why would you expect shops in China to take USD? I live a few miles from the US border and most shops here won't take USD.


The very place I dumped some dollars I had today. As it happens, they complained some of my $100 dollar bills were "old design" but after bickering, took them anyway.

Why would an anti-USD guy like you bother taking USD to China? Why not just load up on yuan in the UK instead of buying USD in UK and changing to yuan in China?
Title: Re: De-Dollarisation.
Post by: B.B. on October 19, 2015, 11:53:11 AM
As usual the Euro whiners crying that the USA is about to be de-dollarized is being short circuited by the Chinese 596 Billionaires who see the USA as a safe haven and demand from USA Mega Financials to buy up all the discounted T-Bills that China wants to dump.

One would wonder what the purpose of foreign reserves would be if not to defend one's own currency when needed, i.e. what China is doing with the RMB.  It's not really a mystery.

It strikes me that all the US-haters are like Jehovah's Witnesses; they repeatedly have to update their calendar for End Times, etc.

And so it goes......
Title: Re: De-Dollarisation.
Post by: AvHdB on October 19, 2015, 07:01:55 PM
It strikes me that all the US-haters are like Jehovah's Witnesses; they repeatedly have to update their calendar for End Times, etc.

And so it goes......

 tiphat   :-X  Some just do not get it!

Panet earth will continue to spin. So breathe easy and hope Andrew does not attempt to manage the affairs of Tom Brady or Manchester United.
Title: Re: De-Dollarisation.
Post by: Tom Cat on October 28, 2015, 03:44:23 PM
Putin wants to ax dollar from Russian trade

https://www.rt.com/business/319938-putin-dollar-oil-trade/
Title: Re: De-Dollarisation.
Post by: WestCoast on October 28, 2015, 04:11:39 PM
Putin wants to ax dollar from Russian trade

https://www.rt.com/business/319938-putin-dollar-oil-trade/

Putin's been trying for at least the last few years to abolish the use of the USD, If he can't get his own country to stop using the USD what hope has he of convincing other countries to stop using the USD?

At the moment there is a glut of oil on the world market, every day this continues Russia loses more and more influence since Russia's major source of foreign revenue and most important bargaining tool is oil
Title: Re: De-Dollarisation.
Post by: Manny on October 28, 2015, 11:42:10 PM
Putin's been trying for at least the last few years to abolish the use of the USD, If he can't get his own country to stop using the USD what hope has he of convincing other countries to stop using the USD?

http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html

It has been going on a while. Read the article in the OP.
Title: Re: De-Dollarisation.
Post by: WestCoast on October 29, 2015, 12:21:54 AM
Putin's been trying for at least the last few years to abolish the use of the USD, If he can't get his own country to stop using the USD what hope has he of convincing other countries to stop using the USD?

http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html

It has been going on a while. Read the article in the OP.

I'm sure China and Russia are giving it a good try but if Putin can't control the use of USD in his own country after a few years of trying how likely is he to succeed in a global effort? You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

IMO I think it's a great idea that China and Russia are trying to wrestle control of the global marketplace from the US. Hopefully this will help reform a number of the banking laws in the US that impact the rest of the globe.

As China and Russia getting more attention on the world stage Russia's going to learn that playing second fiddle to China is probably worse than playing second fiddle to the US. China will never treat Russia as an equal, a junior partner perhaps but not an equal. China in turn will learn that their government and banking system will have to be far more transparent if the yuan is to become a global currency, something I doubt they want to happen.
Title: Re: De-Dollarisation.
Post by: Manny on October 29, 2015, 01:07:23 AM
You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

Had you have read what I actually said, you would know I had some dollars from the past I wanted to get rid of, so I changed them there.  (:)
Title: Re: De-Dollarisation.
Post by: WestCoast on October 29, 2015, 08:39:36 AM
You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

Had you have read what I actually said, you would know I had some dollars from the past I wanted to get rid of, so I changed them there.  (:)

You carried USD all the way to China instead of changing them in the UK and use them to buy yuan? Makes no sense.
Title: Re: De-Dollarisation.
Post by: yankee on October 29, 2015, 08:52:24 AM
You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

Had you have read what I actually said, you would know I had some dollars from the past I wanted to get rid of, so I changed them there.  (:)

You carried USD all the way to China instead of changing them in the UK and use them to buy yuan? Makes no sense.

Every time I have traveled I found that changing USD to another currency can be very expensive in the USA.  When I have traveled to Russia it was much cheaper to carry USD and exchange them in Russia for rubles.
Title: Re: De-Dollarisation.
Post by: AvHdB on October 29, 2015, 08:59:30 AM
You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

Had you have read what I actually said, you would know I had some dollars from the past I wanted to get rid of, so I changed them there.  (:)

You carried USD all the way to China instead of changing them in the UK and use them to buy yuan? Makes no sense.

Every time I have traveled I found that changing USD to another currency can be very expensive in the USA.  When I have traveled to Russia it was much cheaper to carry USD and exchange them in Russia for rubles.

This has been my expierence as well. It should be pointed out that if one learns your correspondent banks in the countries abroad that you will visit the fees will be lower.
Title: Re: De-Dollarisation.
Post by: WestCoast on October 29, 2015, 09:18:35 AM
AvHdB, Yankee I'm assuming neither of you have stated that you avoid using US currency as much as possible as Manny has stated on many occasions. If one had this distaste for US currency surely they'd want to use it as little as possible and get rid of any USD as soon as possible.

Carrying USD half way around the world to possibly make a percent or two on exchange rates doesn't strike me as the attitude of someone who's trying to avoid using the USD. This is why the USD will remain the global reserve currency for some time to come. It's convenient, accepted virtually everywhere and used even by those who want it eliminated. 
Title: Re: De-Dollarisation.
Post by: AvHdB on October 29, 2015, 09:25:28 AM
The Dollar Spreads its Wings.

In more and more countries, residents are using foreign currencies, especially the US dollar, because they no longer trust their own currencies. Is this desirable or undesirable?

This is the subject of the article in the Dutch Volkskrant from Tuesday.

The article is pointing the further dollarisation and attempts by countries such as Burma to prevent a further acceleration of this trend. It was pointed out that the Burma desicion was a panic reaction. But it also notes some third world countries citizens have abandoned there own currency and the entire economy is based on US Dollars. Countries such as Jamaica and Argentina are debating dropping there own currency and using the Green Back in all transactions.

The article exams some of the expenses, for an impoverished local population exchanging dollars for goods or service has a higher expense. Obviously a country will lose sovereignty of there future choices. And depending on your viewpoint it could be a new form of imperialism, but on the other side there is no one forcing the dollar onto the local population. The trend is not only limited to the US Dollar, in the Balkans the Euro is the "Valuta Linga Franca" and in Southern Africa the Rand plays the same role. But it seems in countries with a high use of the US Dollar there is a far lower rate of inflation and greater political stability.

There are foreign countries that allow there citizens to have so-called dollar saving accounts, further accelerating this trend. Some how I doubt outside of countries of the former Soviet Union can a citizen open a ruble account for savings. It is food for thought, what is interesting the article makes no mention Russia's attempts to force a de-dollarisation.
Title: Re: De-Dollarisation.
Post by: Manny on October 29, 2015, 10:00:47 AM
You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

Had you have read what I actually said, you would know I had some dollars from the past I wanted to get rid of, so I changed them there.  (:)

You carried USD all the way to China instead of changing them in the UK and use them to buy yuan? Makes no sense.

Of course it makes sense. I had some I didn't want and am unlikely to need. I wanted to dump them someplace. Change them into Yuan in China and it feels like free money I earned them so long ago.

I am not sure why you found what I wrote originally so hard to grasp. It doesn't matter what one changes in a place abroad as long as it can be converted. Why on earth would I transact $-£-¥ when $-¥ is easier.

Some banker you were if you think one should change money twice and have any advantage.  :chuckle:
Title: Re: De-Dollarisation.
Post by: andrewfi on October 29, 2015, 11:01:34 AM
I think that Westcoast is getting confused over the cost of transporting your dollars to China!

In his world dollars are very heavy and have to be carried as extra baggage on flights thus it costs you many moneys to take your dollars to China.

In our world there is a commission paid each time we convert currency from one to another so reducing the number of exchanges makes sense.

I tried to find out the freight cost for currency but had no luck.
I was stuck with weighing some money and came to the conclusion that one can get a whole lot of many kinds of moneys into one container called a wallet.
Research suggests that one can get a lot of moneys, including dollars, into a wallet and even the biggest wallet is light enough to go into one's pocket where the wallet usually weighs more than the moneys it contains, so the cost of transport is less than the cost of transporting a wallet.
A quick check suggests that passengers on most airlines are allowed to carry their wallet free of charge.

So, Westy's concerns are ill founded. We need not worry about the cost of transporting money in our wallets. Perhaps it is different in Canada but when I have traveled to and from Canada I have never been asked to weigh my money - maybe this is a brand new thing for Canadians?  :'(
Title: Re: De-Dollarisation.
Post by: andrewfi on October 29, 2015, 11:21:32 AM
AvHdB, I think you are getting some concepts confused. ;)

As you may have heard the US dollar is currently what is called a 'reserve currency' that is, it is one that is regard as stable enough to be held as a secure deposit for future use.

In addition the dollar is commonly, but decreasingly, used as an intermediary currency in international transactions. That is partly a function of the same benefits as are seen in the currency as a reserve currency.

De-dollarisation is a term that is generally, but not exclusively, used to describe the process of removing the dollar from use as an intermediary currency. You see, the use of an intermediary currency has a non-negligible cost to those who use it. The use of intermediary currencies is a hang-over from the days when it might take, days, weeks or months from the time when a transaction was made and the time when the transaction was funded to the  seller. In addition, in the olden days, not everyone would want to convert in every currency so one used an intermediary that was acceptable to both parties, kinda like one uses intermediaries in trade, real people who mediate between groups unfamiliar to each other but both known and trust the intermediary (go between). I mean what would an Indian firm do when selling to an American firm in the 1800's. The Indian firm would know nothing of the US, apart from them being a buyer of the firm's tea.
The Americans would have no way to provide Rupees to the tea seller. However both India and the US did trade with the UK and so the pound sterling would be used as an intermediary currency. The British bank could trade the rupees and dollars and so the transaction time was reduced by at least 50% and make the pound sterling available to both parties on demand and at a stable, or fixed, exchange rate.

In a world where transactions are debited and credited in fractions of a second between any two points on the globe and where most currencies can find a market in any place on the globe the need for intermediaries goes away. De-dollarisation is merely the replacement of those costs with a more effective system.

The case that you mention has nothing to do with trade in the context I noted. This is a special case where a choice is made, usually in extremis, to use an external currency within one's own national market - usually to halt hyperinflation caused by a loss of confidence in the nationally issued fiat currency. For that one needs a currency that is a reserve currency and can be readily traded.
Because the process of de-dollarisation is not connected with this special case one can not draw any conclusions about de-dollarisation from such a case.

Not even those proposing de-dollarisation are suggesting that the US dollar should not be a reserve currency, at least not the ones who know what they are talking about. ;)
The suggestion is that the yuan/renminbin, the 4th most used in trade currency in the world should be used as a reserve currency within the IMF. Informally, of course, the yuan is already a reserve currency held by many firms and countries.

The issue of de-dollarisation is made more serious by the political posturing of the US and the calculated advantage taking of the use of the US dollar over the past generation or so. In essence, the US has been forcibly exporting the dollar, thus exporting inflation and forcing holders of dollars to accept a depreciating asset for goods that are not depreciating in cost. That is, in effect, a tax on the world used to subsidise the US. That period in our civilisation is coming to an end as the use of the dollar in international trade is falling - the replacement is a series of swaps and counter party deals which due to the speed of transaction reduces counter-party risk to negligible values, rendering the dollar, or any currency, unnecessary as an intermediary.
Title: Re: De-Dollarisation.
Post by: WestCoast on October 29, 2015, 11:23:29 AM
The Dollar Spreads its Wings.

In more and more countries, residents are using foreign currencies, especially the US dollar, because they no longer trust their own currencies. Is this desirable or undesirable?

This is the subject of the article in the Dutch Volkskrant from Tuesday.

The article is pointing the further dollarisation and attempts by countries such as Burma to prevent a further acceleration of this trend. It was pointed out that the Burma desicion was a panic reaction. But it also notes some third world countries citizens have abandoned there own currency and the entire economy is based on US Dollars. Countries such as Jamaica and Argentina are debating dropping there own currency and using the Green Back in all transactions.

The article exams some of the expenses, for an impoverished local population exchanging dollars for goods or service has a higher expense. Obviously a country will lose sovereignty of there future choices. And depending on your viewpoint it could be a new form of imperialism, but on the other side there is no one forcing the dollar onto the local population. The trend is not only limited to the US Dollar, in the Balkans the Euro is the "Valuta Linga Franca" and in Southern Africa the Rand plays the same role. But it seems in countries with a high use of the US Dollar there is a far lower rate of inflation and greater political stability.

There are foreign countries that allow there citizens to have so-called dollar saving accounts, further accelerating this trend. Some how I doubt outside of countries of the former Soviet Union can a citizen open a ruble account for savings. It is food for thought, what is interesting the article makes no mention Russia's attempts to force a de-dollarisation.

Manny should contact the writer of the article and tell them that they're wrong, that the USD is in fact being used less and less. Why wouldn't these countries want to use the yuan or ruble as their de facto currency?  :laugh:

Title: Re: De-Dollarisation.
Post by: Anteros on October 29, 2015, 12:57:39 PM
You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

Had you have read what I actually said, you would know I had some dollars from the past I wanted to get rid of, so I changed them there.  (:)

You carried USD all the way to China instead of changing them in the UK and use them to buy yuan? Makes no sense.

Every time I have traveled I found that changing USD to another currency can be very expensive in the USA.  When I have traveled to Russia it was much cheaper to carry USD and exchange them in Russia for rubles.

Because after all, Russia doesn't want anything to do with US Dollars!   :ROFL:
Title: Re: De-Dollarisation.
Post by: Anteros on October 29, 2015, 12:59:20 PM
You've mentioned on numerous occasions that you don't want to use the USD yet on your recent trip to China you said you took USD and changed them in China. Why? I'm sure banks in the UK had yuan on hand.

Had you have read what I actually said, you would know I had some dollars from the past I wanted to get rid of, so I changed them there.  (:)

You carried USD all the way to China instead of changing them in the UK and use them to buy yuan? Makes no sense.

Of course it makes sense. I had some I didn't want and am unlikely to need. I wanted to dump them someplace. Change them into Yuan in China and it feels like free money I earned them so long ago.

I am not sure why you found what I wrote originally so hard to grasp. It doesn't matter what one changes in a place abroad as long as it can be converted. Why on earth would I transact $-£-¥ when $-¥ is easier.

Some banker you were if you think one should change money twice and have any advantage.  :chuckle:

But isn't China also supposedly trying to get rid of the US Dollar?   :-X
Title: Re: De-Dollarisation.
Post by: Markje on October 29, 2015, 01:02:49 PM
AvHdB, Yankee I'm assuming neither of you have stated that you avoid using US currency as much as possible as Manny has stated on many occasions. If one had this distaste for US currency surely they'd want to use it as little as possible and get rid of any USD as soon as possible.

Carrying USD half way around the world to possibly make a percent or two on exchange rates doesn't strike me as the attitude of someone who's trying to avoid using the USD. This is why the USD will remain the global reserve currency for some time to come. It's convenient, accepted virtually everywhere and used even by those who want it eliminated.
I have used / handled USD only 1ce in my entire life, when I met Americans.

Mark
Title: Re: De-Dollarisation.
Post by: msmoby on November 02, 2015, 09:01:13 AM

I have used / handled USD only 1ce in my entire life, when I met Americans.



That's as may be - but if you open a bank account in Russia you are offered USD and Euro accounts. The Rouble is not a universally accepted currency. Despite all the hype, Rupee, Yuan, Rand or Reals aren't a common currency kept 'under the bed'....





Title: Re: De-Dollarisation.
Post by: Tom Cat on November 30, 2015, 12:50:50 PM
Chinese yuan to become global reserve currency

https://www.rt.com/business/323935-china-yuan-imf-busket/
Title: Re: De-Dollarisation.
Post by: Manny on December 06, 2015, 11:27:40 AM
Quote
However, increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.

http://journal-neo.org/2015/12/05/russias-dollar-exit-takes-major-new-step/
Title: Re: De-Dollarisation.
Post by: WestCoast on December 06, 2015, 11:48:36 AM
Quote
However, increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.

http://journal-neo.org/2015/12/05/russias-dollar-exit-takes-major-new-step/

A gold-backed ruble and a gold-backed renminbi? Utter rubbish. It'll never happen. The gold standard is dead. It will never return.
Title: Re: De-Dollarisation.
Post by: Texan77 on December 06, 2015, 02:07:50 PM
Quote
However, increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.

http://journal-neo.org/2015/12/05/russias-dollar-exit-takes-major-new-step/

Russia and China net buyers of dollars. The government sell the while their citizens buy them. They need to stabilize their economies or dollar will remain king. The dollar rise in value is expected to continue to rise because of this buying.
Title: Re: De-Dollarisation.
Post by: Manny on December 06, 2015, 04:04:50 PM
Quote
However, increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.

http://journal-neo.org/2015/12/05/russias-dollar-exit-takes-major-new-step/

Russia and China net buyers of dollars. The government sell the while their citizens buy them. They need to stabilize their economies or dollar will remain king. The dollar rise in value is expected to continue to rise because of this buying.

Have you been in China or Russia and seen citizens who want to buy dollars in the last decade? I have been in both and haven't.
Title: Re: De-Dollarisation.
Post by: Maxx on December 06, 2015, 04:24:59 PM
Quote
However, increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.

http://journal-neo.org/2015/12/05/russias-dollar-exit-takes-major-new-step/

Russia and China net buyers of dollars. The government sell the while their citizens buy them. They need to stabilize their economies or dollar will remain king. The dollar rise in value is expected to continue to rise because of this buying.

Have you been in China or Russia and seen citizens who want to buy dollars in the last decade? I have been in both and haven't.

The Iranians in the hotel I am staying at sure wanted my dollars. They really preferred them over the Georgian Lari I had.
Title: Re: De-Dollarisation.
Post by: Texan77 on December 06, 2015, 04:47:08 PM
Quote
However, increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.


Russia and China net buyers of dollars. The government sell the while their citizens buy them. They need to stabilize their economies or dollar will remain king. The dollar rise in value is expected to continue to rise because of this buying.

Have you been in China or Russia and seen citizens who want to buy dollars in the last decade? I have been in both and haven't.


No but the dollar keeps going up and the source I read is mainly China money now and Russian earlier. The poor and everyday people you see on the street do not have enough money to make a difference anyway.  Record number of wealthy Russian are wanting US green card and bringing their money.

In the US, one in ten homes that sell for more than a million dollars is Chinese money coming into the country. They are buying our shopping malls and other businesses. We used to have the middle east people bring money but now we have the Chinese.  I do not know anyone in China but I can see the money showing up here.

If the Chinese go to a gold standard it will make the currency too expensive over time and will kill the Chinese economy. I would love to see the Chinese go on the gold standard. All of those factories would soon move some place beside China.

Their has been a scam they are trying to figure out how to stop. That Rich Chinese people come to America and have a baby in a special hospital. They call this an anchor baby. This baby is a us citizen and can bring is who family to the USA.

Look at the value of the dollar and then you tell me who is buying it. Better yet, why don't you go open up a currency trading account and bet against the dollar.
Title: Re: De-Dollarisation.
Post by: Texan77 on December 06, 2015, 04:54:41 PM
 I just found this in a few seconds. This says 1 in 14 but another article said 1 in ten are Chinese buyers.

http://www.realtytoday.com/articles/58671/20151204/chinese-buyers-dominating-real-estate-market.htm
Title: Re: De-Dollarisation.
Post by: WestCoast on December 06, 2015, 05:22:39 PM
Quote
However, increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.

http://journal-neo.org/2015/12/05/russias-dollar-exit-takes-major-new-step/

Russia and China net buyers of dollars. The government sell the while their citizens buy them. They need to stabilize their economies or dollar will remain king. The dollar rise in value is expected to continue to rise because of this buying.

Have you been in China or Russia and seen citizens who want to buy dollars in the last decade? I have been in both and haven't.

Manny I've been to China far more than you. I've met far more Chinese business people than you. I know what I'm talking about you don't.

When analysts are saying the Chinese are buying USDs they don't mean just physical dollars they also mean, as Texan77 pointed out, physical assets such as American property amongst other things.

Property is a very big deal with Chinese buyers. Real estate analysts in Vancouver I have spoken with say that if the mainland Chinese buyers weren't such big buyers of property in Vancouver housing prices would be at least 30% lower.

In places such as Hawaii, California, NYC and some other major US markets Chinese buyers are amongst the top real estate investors. In some cases the property is bought and rented out. IOW the property is simply an investment or perhaps it's used for their children who will be attending an American college. Sometimes the property sits empty for years, never used even though all fees and taxes are paid.

Then of course there's Chinese buyers of companies and other assets. Why are the Chinese spending so much of their wealth in the US when their government is actively trying to replace the USD as the world's reserve currency?

Simple, many mainland Chinese don't trust their government. Once some Chinese citizens have made a fortune they want to keep it. They know the Chinese government could nationalise bank accounts and property in China so they are actively looking to move their wealth beyond the reach of the Chinese government.

Chinese citizens know the US is the place to buy assets because it has few rules on foreigners buying property and/or companies as do countries like Australia and the Philippines. There's also the fact that the US market is one of the largest in the world for buying property, companies and other assets. 
Title: Re: De-Dollarisation.
Post by: Manny on December 06, 2015, 05:32:09 PM
You two old chaps miss the point.

The Chinese sell you plastic crap for your dollars, then send those dollars back to you by buying your real estate. Net result: They swap plastic crap for your hotels, companies and real estate and your dollars stay in [or are sent back to] the US. They are slowly owning you.

Citizens in Russia and China are not buying dollars. They are backed up only by debt. Who would do that? Why both are now actively dumping them. Even Nigeria is dumping the dollar (ask if you need a link). Really, get up to date.  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Manny on December 06, 2015, 05:43:07 PM
Synopsis of a conversation with a chap today in China who owns a factory:

"How much are these if I take 5000?"
"$X each"
"Why are we talking dollars in China when I am not American? Do we need to use a currency foreign to both of us? I'd prefer not to use dollars."
"I agree with you, our government is trying to get people away from using the dollar actually, its outdated for us now, its just habit. Pounds or RMB?"
"RMB is fine"
"RMB it is"

An interesting side conversation we had as a result of that exchange covered Russia, Syria and America. He said their media is now talking about American aggression across the world where they seldom did before. He also said the discussion in Chinese media had started about China joining in with Russia in Syria.

We discussed Russia, he said Russia and Putin are generally well regarded in China. Certainly, there are no shortage of Russians at the trade fair I am at here in China. It is the language I hear most after Chinese and English. He said despite the Rouble being weaker, Russians are still buying. They are just haggling more.

Dry humour is something you seldom see in the Chinese. I asked him if he had similar political conversations with his American customers, he said, "What can you tell them? They all watch CNN". Made me laugh anyway.........

Needless to say, a deal was done, and not in dollars.

Large money transfer going to this chap next week, for stuff I will be selling next year, and the deal was done in £. £'s are being sent to China - no dollars involved. That guy sees the future.   :king:
Title: Re: De-Dollarisation.
Post by: AvHdB on December 06, 2015, 05:44:28 PM
You two old chaps miss the point.

The Chinese sell you plastic crap for your dollars, then send those dollars back to you by buying your real estate. Net result: They swap plastic crap for your hotels, companies and real estate and your dollars stay in [or are sent back to] the US. They are slowly owning you.

Citizens in Russia and China are not buying dollars. They are backed up only by debt. Who would do that? Why both are now actively dumping them. Even Nigeria is dumping the dollar (ask if you need a link). Really, get up to date.  :coffeeread:

Before the Dutch, Germans as well those from UK were big investors in North America, and they valued those assets in Dollars, CDN or US.

I tend to doubt Venerable How Chi Fuk Renminbi are doing anything differently.
Title: Re: De-Dollarisation.
Post by: B.B. on December 06, 2015, 10:58:04 PM
You two old chaps miss the point.

The Chinese sell you plastic crap for your dollars.....

I recall once being admonished that the Chinese did more than sell us cheap plastic crap (http://ruadventures.com/forum/index.php/topic,21882.msg391354.html#msg391354).  :chuckle:

Net result: They swap plastic crap for your hotels, companies and real estate and your dollars stay in [or are sent back to] the US. They are slowly owning you.

The Chinese are just this season's 'yellow peril'....a role played by the Japanese, formerly.  Look what happened to them.

B/B
Title: Re: De-Dollarisation.
Post by: Manny on December 07, 2015, 01:11:28 AM
.a role played by the Japanese, formerly.  Look what happened to them.

Yes, look. They killed your car market, sold you all Toyotas and Lexus and swapped the dollars received for more of your hotels and real estate.
Title: Re: De-Dollarisation.
Post by: Markje on December 07, 2015, 02:09:27 AM
You two old chaps miss the point.

The Chinese sell you plastic crap for your dollars, then send those dollars back to you by buying your real estate. Net result: They swap plastic crap for your hotels, companies and real estate and your dollars stay in [or are sent back to] the US. They are slowly owning you.

Citizens in Russia and China are not buying dollars. They are backed up only by debt. Who would do that? Why both are now actively dumping them. Even Nigeria is dumping the dollar (ask if you need a link). Really, get up to date.  :coffeeread:

Are Russki banks still offering mortgages in Dollars? that was the biggest problem when Sanctions kicked in.
Title: Re: De-Dollarisation.
Post by: Markje on December 07, 2015, 02:12:07 AM
.a role played by the Japanese, formerly.  Look what happened to them.

Yes, look. They killed your car market, sold you all Toyotas and Lexus and swapped the dollars received for more of your hotels and real estate.

They were even so successful in it, that they attacked Toyota's main selling point (reliability) to try and stop them.

Ever heard of those faulty priusses again?

I especially loved the story of that prius-owner who claimed he couldn't stop, but when a police car in front forced him to stop, he didn't ram it... Gee i wonder how that happened... brakes maybe?
Title: Re: De-Dollarisation.
Post by: andrewfi on December 07, 2015, 02:34:44 AM
Mortgages in foreign currencies seem to be something that every country's economy goes through ONCE. it always ends badly because one is betting not on just the interest rate but the currency.

I have, for, years, wondered why the hell every country as it deregulates banking goes through this. is there no capacity for banks (or their clients) to learn?
Title: Re: De-Dollarisation.
Post by: B.B. on December 07, 2015, 02:04:37 PM
.a role played by the Japanese, formerly.  Look what happened to them.

Yes, look. They killed your car market, sold you all Toyotas and Lexus and swapped the dollars received for more of your hotels and real estate.

The cars are made here, now, employing US workers, and the real estate they own is occupied by us, but the taxes are paid for by them.  Meanwhile, their economy had been anemic for what 10-20 years now? 

China's #1 problem, now, is not becoming the next Japan.

B/B
Title: Re: De-Dollarisation.
Post by: WestCoast on December 07, 2015, 03:28:29 PM
What Manny keeps forgetting in his de-dollarisation rants is that even if everything he says comes to pass Russia will still remain a regional power at best.

Why? China will never allow Russia to rise to the status of a global super power. It simply is not in China's interest for Russia to gain super power status. Therefore if the US doesn't prevent Russia's rise to superpower status, China certainly will.   
Title: Re: De-Dollarisation.
Post by: Texan77 on December 07, 2015, 04:04:19 PM
You two old chaps miss the point.

The Chinese sell you plastic crap for your dollars, then send those dollars back to you by buying your real estate. Net result: They swap plastic crap for your hotels, companies and real estate and your dollars stay in [or are sent back to] the US. They are slowly owning you.

Citizens in Russia and China are not buying dollars. They are backed up only by debt. Who would do that? Why both are now actively dumping them. Even Nigeria is dumping the dollar (ask if you need a link). Really, get up to date.  :coffeeread:

The dollar is going up because they are being bought. If you think everyone is selling dollars then put your money where your mouth is. Sell them short.

The trouble the Chinese are having is they are selling us less crap and their citizens are buying more stuff than ever. The dollar goes up. Nearly everyone in Russia that has an off shore account have it in dollars, even if that account is not in the US. This is simple the dollars in on a multi year rally. In Russia they get a lot on interest on Rubles but not off shore. People make money in dollars they lose money in rubles. Look at what the ruble was worth against the dollar in 1990 and what it is worth now.

The Chinese Yuan is expected to continue to drop against the dollar. So why would someone want to invest in them in an off shore account when they can buy dollars? China and Russia are buying more dollars than they are selling.  That is why our dollar is rising.

OK Manny then why don't you tell me who is buying all the dollars to make our currency go up? Why don't you explain it? 
It is not Europeans and it is not Africa so then who???
Title: Re: De-Dollarisation.
Post by: Tom Cat on December 08, 2015, 03:00:23 PM


De-Dollarization Marches On: Russia Is Now Issuing Yuan-Denominated Bonds

http://russia-insider.com/en/de-dollarization-marches-russia-now-issuing-yuan-denominated-bonds/ri11705
Title: Re: De-Dollarisation.
Post by: Tom Cat on December 08, 2015, 03:10:13 PM
This article seems to make sense. :coffeeread:

No, Virginia, Russia Won't Dethrone King Dollar

Despite years of harebrained conjectures, Russia–alone or in tandem with China–has neither the strength nor the interest to challenge U.S. financial hegemony.


http://russia-insider.com/en/no-virginia-russia-wont-dethrone-king-dollar/ri11717
Title: Re: De-Dollarisation.
Post by: Manny on December 16, 2015, 03:08:41 PM
HOW LOW CAN CHINA DEVALUE ITS CURRENCY? Weak Chinese Yuan / Renminbi Moves Away From U.S. Dollar Peg

International Monetary Fund designated the Chinese yuan as one of the global currencies used to calculate the value of Special Drawing Rights. This event may portend a significant reordering of the world’s monetary system, and serve as a recognition that the US dollar’s ongoing status as the world’s reserve currency is not guaranteed. Jim Rickards terms this a “political decision” by the IMF, and discusses what it means both for China and the US.]

Membership in the exclusive SDR currency club has changed only once in the past thirty years.

That change took place in 1999, and was purely technical due to the fact that the German mark and French franc were being replaced by the euro.

Leaving aside this technical change, the SDR has been dominated by the “Big Four” (US, UK, Japan, and Europe) since the IMF abandoned the gold SDR in 1973. This is why inclusion of the Chinese yuan is so momentous.

Putin Says Dump Dollar


Would mean the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union “This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.

currency forex usd dollar “united states” usa america world economy devalue “exchange rate” trade “stock market” trading power control “forex trading” global competition weak GBP JPY CNY china “China RMB” bank banking “bank account” investment investing export import “made in usa” “china wholesale” factory money cash wealth elite debt credit “credit card” capital mortgage 2015 2016 oil gold silver “silver coin” “gold bullion” commodity euro future history “elite nwo agenda” jim rogers marc faber david icke wembley truth exposed alex jones infowars gerald celente trends in the news bilderberg 2016 end game george soros rothschild rothchilds poverty poor middle class collapse montagraph jsnip4 lindsey williams louis farrakhan

The bill would also help to facilitate trade in the region and help to achieve macro-economic stability. It’s a known fact that the Russians and Chinese have already begun divesting themselves of dollar dependency by implementing trade agreements that completely sidestep the world’s reserve currency, but there has been no overt sign of a sell-off that might be indicative of a coming attack on our currency. Just 3 weeks after the world could not purge itself fast enough of ‘pet rocks’, Gold is pushing to one-month highs this morning (at $1120) and Silver just broke a key technical level at its 50-day moving average as USD weakness and global turmoil have seen Precious metals gain for the last few days… Peter Schiff, economist, best-selling author, and CEO of Euro Pacific Capital, believes a U.S. dollar crisis is underway. World affairs analyst Joel Skousen recently made a compelling case against an imminent economic collapse, while others argue that the end is nigh for the U.S. economic, financial and monetary systems.

Whatever the case, remain vigilant and prepare for the worst, because the hammer is going to drop sooner or later. The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it. Many have assumed that the Chinese simply wanted some new international currency to be created. But what if that is not what the Chinese had in mind? What if they have always wanted their own currency to become the single most dominant currency on the entire planet? What you are about to see is rather startling, but it shouldn’t be a surprise. When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers. Sadly, we have gotten to the point where checkmate is on the horizon.

Source (http://investmentwatchblog.com/how-low-can-china-devalue-its-currency-weak-chinese-yuan-renminbi-moves-away-from-u-s-dollar-peg/)
Title: Re: De-Dollarisation.
Post by: andrewfi on December 16, 2015, 03:35:24 PM
The Chinese will for sure be looking at the Yuan in relation to other regional currencies. The dollar peg means that the Yuan has appreciated strongly against them and to no benefit to China. I wr8te m8nths ago that the Yuan could devalue as much as 20% against the dollar in order to set matters straight, they still have 15% to go, but more if the dollar rises further.

As some folks know the Chinese government has been divesting it's dollar holdings in cash and paper. Doing so while the dollar is increasing in price (but not value) makes huge sense. Devaluing at this time serves regional economic interests, national economic interests and political goals as well.

When one reads boasts from USAians about how the Fed can mop up China's sales one is reading a demonstration of the writer's fundamental lack of knowledge and understanding of what is happening.

China has made clear their long term policy goals for the Yuan. Those goals do not include replacing the dollar. It does not take much insight to understand that the position of the dollar in global affairs is something of a poisoned chalice. The inevitable outcome of currency hegemony is that the hegemonic currency can not serve the interests of the nation and the obligations of being the hegemony at the same time.

China, quite sensibly sees a paradigm in which multiple currencies or a created intermediary currency is the best option.

In addition I am sure that China sees no benefit in an abrupt end to the dollar's primacy; the global upheaval of such an event would be significant, if not catastrophic. Until quite recently US decline was being managed in a cooperative manner. That changed a few years ago and at that point the US became a much more destabilising force in world affairs.

Because of the behaviour of the United States it may be that states choose to enable a 'nuclear option' which would have the catastrophic effects I mentioned above, however, to some degree the effect would be under the control of the managers of the process and thus be preferable to an ongoing period of US inspired turmoil.

I am sure that there are elements within the US power structure that understand the options and would prefer to resume the previous process of collaborative management of decline. Perhaps the outcome of the recent Kerry / Lavrov meeting and Kerry's words about Assad and Syria might be a small sign of a change in direction.
Title: Re: De-Dollarisation.
Post by: Texan77 on December 16, 2015, 11:33:49 PM
The Chinese will for sure be looking at the Yuan in relation to other regional currencies. The dollar peg means that the Yuan has appreciated strongly against them and to no benefit to China. I wr8te m8nths ago that the Yuan could devalue as much as 20% against the dollar in order to set matters straight, they still have 15% to go, but more if the dollar rises further.


The Citizens of all the BRIC nations are buying dollars because there own currency is in decline which is why the dollar is going up.

Gee if the US would just print a trillion dollars and pay on our debt then the dollar would stop going up. If not then do it again until it does stops. In the past we have done this where the newly printed dollars ended up in banks then in the stock market. They called it QE. Now the dollars is strong because most of Europe is doing its own form of QE and we have stopped doing it.

All this de dollarization was suppose to depress the value of the dollar. The biggest reason China is devaluing is because there exports are down five per cent. They are trying to make products cheaper to increase sales in the US and Europe. The recession in China is what is driving comedies prices lower as they are importing 20 per cent less. One of these comedies is oil. Oil prices have just dropped to 35 dollars per barrel. The problem is there is a close loop here.

As Andrew pointed out in past post, many shell drillers are financed with what is now called junk bonds. These shell oil drillers have been very creative to stay in business and make payments with lower oil prices. They are not likely to be able to continue to do this with 35 dollars or less a barrel oil. When they do, it will dry up capital in the USA and cause a recession. This will cause Chinese sales in America to decline despite this drop in value of it's currency. This will mean that the Chinese will buy less from Russia.  Russia will also only be getting 35 dollars or less for it's oil also. It will not be long before long that there will be a recession everywhere and everyone else will be buying less from China. Which will bring up back to the beginning of the loop which the world oil demand will drop even more. The Chinese GDP is 35 per cent construction. At some point they will have to stop new construction. This will cause a huge GDP drop in China. This will cause them to import even less. It is not likely to be pretty anywhere by the end of 2016.

All the Asian countries all are trying to make the currency worth less so they can sell abroad also. When China cuts it's currency value so will all the other Asian countries. It will not be much of a completive edge.

The reduce use of our dollar is a good thing for the US at this time because it is slowing the rise in value of our money. Putin is doing all he can to help as in Manny's post where he is begging anyone that will listen to him to please stop buying dollars. Too bad it just is not working.
Title: Re: De-Dollarisation.
Post by: andrewfi on December 16, 2015, 11:55:30 PM
Some fundamentals misunderstood there matey. Firstly understand that not every currency pair involves the dollar.

Secondly understand that the US is not core to China's economic growth success. Chinese trade volume is already down as the country moves towards support of its internal market.

Third,  understand that an overvalued dollar is a requirement for countries central banks, companies and individuals to exchange accumulated dollars for real assets. Go read about the US real estate market in San Francisco and some other parts of the US to get a start on understanding  the process in just one small manifestation and then consider the effect of withdrawal from the market, as has already started to happen.

In essence Texan77, consider matters from a non-US centric perspective.

Understand the difference between an event and a process and how transformation is a process built from a series of events.

While you are at it you might want to research numbers such as proportion of trade carried out in dollars as an historical series. You might want to look at 'petrodollar' flows, again as a time series. To set what you see there into context you could learn about the petrodollar cycle.

Or, on the other hand, perhaps it is easier to return to fantasies about Ukrainian women and remember always: USA USA USA!
Title: Re: De-Dollarisation.
Post by: cufflinks on December 19, 2015, 10:27:23 AM
To all the RUA Yank and USA haters - Merry Christmas:

http://www.europac.com/commentaries/china_takes_big_step_forward

China Takes a Big Step Forward

Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital, or its CEO, Peter Schiff.
By:  John Browne
Thursday, December 10, 2015

On November 30th the International Monetary Fund (IMF) announced that it would admit China’s Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights (SDR’s). Having been stalled by U.S. influence for many years, the long-awaited IMF decision acknowledges the massive transfer of financial power from the old West to the new East. The move heralds an era of potentially great change with global implications for politics, economics and investments.
 
At the end of WWII, the U.S. and British governments persuaded the participants of the Breton Woods Agreement to accept the U.S. dollar as the world’s international reserve currency and to simultaneously create the World Bank and the IMF. The aim was to establish a stable, global financial system and to encourage the recovery of international trade. In particular, the role of the IMF was to ensure a smooth flow of foreign exchange and to lend money, when needed, to sovereign nations experiencing temporary balance of payments problems.
 
For much of the postwar years, the structure succeeded. In the first decades following the War, the value of world trade grew so fast that the demand for currency threatened to outstrip the available amounts of gold and U.S. dollars. The IMF responded in 1969 by creating the Strategic Drawing Rights (SDR) as a supplementary international reserve asset for central banks. Each SDR was valued at 0.888671 grams of fine gold equivalent to one U.S. dollar. (Fact Sheet, SDR, IMF 11/30/15)
 
When the fixed exchange rate system established by Bretton Woods collapsed in the early 1970s and currencies were exchanged at floating rates, gold was dropped from the SDR’s backing and replaced by a combination of the most widely-traded currencies, which became known as the ‘SDR basket’.
 
Most recently, the basket was comprised of five international reserve currencies, including 41.90 percent U.S. dollars, 37.4 percent euros, 11.3 percent pound sterling and 9.4 percent yen. (Fact Sheet, SDR, IMF 11/30/15)
 
For much of the past ten years, China has sought to gain international recognition commensurate with her growing economic and political power. China lobbied hard for the inclusion of its Renminbi currency in the prestigious SDR basket. However, the U.S. used its 17 percent vote, along with its political influence among allies, to block China on the grounds that its reserves remained undisclosed and its currency was not freely convertible.
 
In response, China began to liberalize trading in its currency to allow foreign central banks to trade in its government bonds and to begin disclosing its hidden reserves. This was a major political step for the secretive Communist government and a crucial test of President Xi Jinping’s efforts to transform the Chinese economy.
 
These moves were sufficient to gain allies for China in the IMF and admittance to the SDR basket. Referring to China’s inclusion, Christine Lagarde, Managing Director of the IMF, has stated, “...It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems...The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which, in turn will support the growth and stability of China and the global economy.”(IMFSurvey Magazine, 12/1/15)
 
The new SDR basket will comprise 41.73 percent U.S. dollars, 30.93 percent euros, 10.92 percent Renminbi, 8.33 percent yen and 8.09 percent sterling (Fact Sheet, SDR, IMF 11/30/15). The percentages reflect just an initial recognition of the financial power accumulated in the new East.
Furthermore, China’s Renminbi is the first currency of a non-U.S. ally to be admitted to the SDR basket. That alone heralds a new era for monetary affairs. On a parallel track, China has recently succeeded in launching the Asian Infrastructure Investment Bank, a Chinese led multi-billion dollar investment bank that would finance roads, bridges, and other infrastructure projects in the poorer regions of Asia. The bank was widely viewed as a means to counter America’s influence in Asia. And while Washington opposed the project, Beijing managed to line up the support of 57 countries, including such key U.S. allies as Britain, Germany, Australia, and South Korea.
 
It is no secret that China wishes to become first among equals as a superpower. As part of this strategy, it is not unrealistic to assume that China’s endgame will be to knock the U.S. dollar off its perch as the International Reserve Currency.
 
If successful, this could prove a devastating blow to the U.S. As the International Reserve Currency, almost all global commodities are traded in dollars. This confers upon the Federal Reserve the unique privileges of setting the stage for major international interest rates to suit U.S. economic cycles and of creating seemingly unlimited amounts of fiat money from thin air. Rather than yielding meekly to U.S. wishes, China can be expected gradually, but inexorably, to challenge the dollar’s Reserve status and today’s omnipotent influence of the Federal Reserve. It could herald also a revival of the role of precious metals in the global monetary system.
 
Even now, with its potential inclusion in the SDR basket, central banks and corporate treasurers will be considering further currency diversification into the Chinese Renminbi. Most likely, this rebalancing will involve selling of U.S. dollars and euros to buy Renminbi. This will be done both to balance risk and because, as China’s economic might grows and the dollar’s Reserve status is challenged, it is increasingly likely that more commodities will be priced in Renminbi.
 
It is unlikely that China will wish to upset international trade, and its own export machine, at a time of looming recession. However, over the long term, China may be expected to use its new found financial influence to erode the power of the U.S. dollar. As the world’s largest producer, and rumored already to be the world’s largest holder of gold, China may push progressively for the reintroduction of a gold link for the SDR, and eventually for its Renminbi, to boost international support for its acceptance as an increasingly credible substitute for the dollar as the world’s International Reserve.
 
Should this happen, perhaps the most important floor supporting the dollar would evaporate, rendering the Federal Reserve unable to continue creating money at will and catapulting U.S. interest rates to levels that potentially could threaten a massive debt and even a currency crisis. Given the unprecedented $18.8 trillion level of U.S. Treasury debt and estimated $100 trillion-plus level of unfunded U.S. Government obligations, according to usdebtclock.org, this would be extremely damaging for the dollar and potentially to the U.S. economy.
 
The risks of devastation to world trade make it likely that this strategy will take considerable time to become manifest. In the meantime, China may be expected to use the implied threat judiciously to twist the arms of powerful nations.
 
Despite potentially serious domestic political problems and massive internal debt levels of some $28 trillion, according to McKinsey & Co., China has gained its place in the SDR basket. Only time will tell precisely how China will use this new-found influence. But it could spell the beginning of the end for America’s monetary and even military dominance. Such developments could result in a revival of precious metals in monetary affairs. As debt then would become revalued rather than devalued by inflation, such a move could have considerable economic and political implications for national and private debtors in the U.S., Europe and the entire world.


This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
Title: Re: De-Dollarisation.
Post by: Donhollio on December 26, 2015, 05:33:08 PM
 Oh my looks like Manniov was right about the USD losing ground as the worlds currency.

http://www.theglobeandmail.com/report-on-business/international-business/african-and-mideast-business/zimbabwe-to-adopt-chinese-yuan-as-legal-currency-after-debt-cancellation/article27914154/



 
In an unprecedented move that signals China’s growing global influence, Zimbabwe has announced that it will adopt the Chinese currency as legal tender.

The announcement came after China cancelled $40-million (U.S.) in Zimbabwean debt earlier this week. China is already Zimbabwe’s biggest trading partner, and Beijing is often praised by the Zimbabwean government, which has adopted a “Look East” policy after years of sanctions by Western governments.
 
While the decision to adopt the Chinese yuan as legal tender next month is largely a political message by an anti-Western government, it also illustrates China’s economic power in Africa, where Beijing has rapidly become a major investor and the continent’s biggest trading partner.

Zimbabwe abandoned its own currency in 2009 after a spectacular bout of hyperinflation, climaxing with the printing of banknotes in denominations of 100-trillion Zimbabwean dollars, which could barely cover the cost of bus tickets for a week.

The government finally stabilized the hyperinflation crisis by adopting foreign currencies – mostly the U.S. dollar and South African rand – as legal tender. This boosted the economy, but it rankled some Zimbabwean officials, who resented U.S. sanctions on their county. The rand, meanwhile, has been shaken by the sharp decline of its value in recent months.

Under the new policy, the U.S. dollar is likely to remain the most popular currency, but the yuan would become an alternative, primarily among Chinese tourists and traders at first.

Zimbabwe’s Finance Minister Patrick Chinamasa said the use of the yuan will be dependent on “trade between China and Zimbabwe and acceptability with customers in Zimbabwe.”

In a statement, he added: “There cannot be a better time to do this. It is now about looking at the modalities, specific sectors and how it can be done.”

Zimbabwe’s autocratic President, Robert Mugabe, lauded the decision by the government’s finance officials. Speaking on Tuesday, he said the move would “inject liquidity” into the country’s market and would offer a “new possibility for us.”

The central bank Governor, John Mangudya, said the yuan would be promoted in Zimbabwe since it would minimize the exchange-rate losses in trade between the two countries.

But some local economists told Zimbabwean newspaper NewsDay that they don’t expect the adoption of the yuan to make any significant difference to the economy.

Earlier this month, Chinese President Xi Jinping was given a hero’s welcome during a visit to Zimbabwe, where he announced a $1-billion loan to finance the expansion of a power plant. The Chinese leader then attended a China-Africa summit in Johannesburg and announced $60-billion in new credit and financing for Africa.

Zimbabwe is reported to have received more than $1-billion in low-interest loans from China over the past five years.

The yuan has been winning acceptability worldwide in recent years, although never as a legal tender in another country until now.

The International Monetary Fund decided last month to include the yuan in its benchmark currency basket. Ghana has begun allowing banks to sell yuan, and Kenya and South Africa both have clearinghouses that allow traders to make transactions between local currencies and the yuan, without using the U.S. dollar as an intermediary.


I guess the commies have to start somewhere and what a better starting point then some country already destroyed by Robert Mugabe.  (:)
Title: Re: De-Dollarisation.
Post by: Manny on January 30, 2016, 02:07:24 AM
This girl wants 1 Rouble to 1 dollar and thinks Russia should get Alaska back.

Russian song with English subtitles.

Title: Re: De-Dollarisation.
Post by: Omega1982 on January 30, 2016, 06:05:21 AM
Kak interesna tavarish  :smokin:

I wonder if they want Alaska with or without Sarah Palin? 
Title: Re: De-Dollarisation.
Post by: B.B. on January 30, 2016, 10:24:30 AM
This girl wants 1 Rouble to 1 dollar and thinks Russia should get Alaska back.

I'd happily trade her 1 PYb for every one of her dollars.   :chuckle:

Alaska?  Not so much.  Giving it back would ruin the flag.

B/B
Title: Re: De-Dollarisation.
Post by: Anteros on January 30, 2016, 12:34:00 PM
This girl wants 1 Rouble to 1 dollar and thinks Russia should get Alaska back.

Russian song with English subtitles.


And Russians claim that Ukrainians are simpletons!   :chuckle:
At least she's cute and the song is catchy.
Title: Re: De-Dollarisation.
Post by: cufflinks on February 01, 2016, 05:49:20 PM
LOL Unlike the Mehicano Reconquistas that want the Southwest USA back that we took as Spanish American war reparations along with the Philippines - we actually bought Alaska from a Czar - they want it back they will have to pay market Rates - $250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil along with Industrial Impact diamonds would be acceptable.  Of course we will require Pipeline, Rail and port easements.

Then instead of invading the Baltics and Black Sea countries Mother Russia can amass a nuclear armed invasion force to take over Canada and bring over Nordic Slavic beauties while they wipe out Militant Phat Marxist Feminist SLUT waking pro LGBTQ SJWs in the process.

Be careful what you wish for mateys...
Title: Re: De-Dollarisation.
Post by: Manny on February 01, 2016, 09:25:40 PM
$250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil

Surely you would want dollars?  ;D
Title: Re: De-Dollarisation.
Post by: Tom Cat on February 13, 2016, 09:45:27 AM
No, Virginia, Trading Oil in Other Currencies Won't Kill the Dollar

http://russia-insider.com/en/no-virginia-trading-oil-other-currencies-wont-kill-dollar/ri12825
Title: Re: De-Dollarisation.
Post by: andrewfi on February 13, 2016, 11:23:01 AM
I sometimes wonder if the writer of the piece is on a bonus for writing misleading and counterfactual articles. ;)

A few weeks ago he was writing that the army now surrounding Aleppo did not exist.
Title: Re: De-Dollarisation.
Post by: cufflinks on February 13, 2016, 12:26:11 PM
De-Dollarisation... not for the UK - its is retirement wealth confiscation!

https://www.armstrongeconomics.com/history/europes-economic-history/britain-seizing-pension-funds/

Blog/Europe's Economic History
Posted Feb 12, 2016 by Martin Armstrong

"I have been warning that Chancellor George Osborne is probably going to go down in history as the man who destroys what is left of the British empire. He has done everything wrong. Seizing pension funds to be invested by his decree is up there with Argentina’s standards. Osborne is currently putting in place his grand scheme to retain the power of government in Britain. His grand scheme is to seize control of the nation’s local government pension schemes and direct them to invest in his infrastructure projects that are probably lobbied by friends."

Seems while the ECB, Japan, Denmark, Sweden and Switzerland are all implementing Negative Interest rates (With the FED toying with the idea for the USA) the Brits have opted for outright wealth confiscation - no wonder you lot invented IBDs secreted around the British Commonwealth's Financial Empire - to protect yourselves from the Rabid socialists on the home islands and nearby continent.
Title: Re: De-Dollarisation.
Post by: Ste on February 13, 2016, 12:42:50 PM
De-Dollarisation... not for the UK - its is retirement wealth confiscation!

https://www.armstrongeconomics.com/history/europes-economic-history/britain-seizing-pension-funds/

Blog/Europe's Economic History
Posted Feb 12, 2016 by Martin Armstrong

"I have been warning that Chancellor George Osborne is probably going to go down in history as the man who destroys what is left of the British empire. He has done everything wrong. Seizing pension funds to be invested by his decree is up there with Argentina’s standards. Osborne is currently putting in place his grand scheme to retain the power of government in Britain. His grand scheme is to seize control of the nation’s local government pension schemes and direct them to invest in his infrastructure projects that are probably lobbied by friends."

Gideon, IDS et al are stripping what little dignity and assets those not rich have left, it's a shite state of affairs, I really do fear one of them will be killed, the disadvantaged are not only angry, but desperate.

There's nothing left to take off them, but still they squeeze every last drop.

We have food banks everywhere, we have the bedroom tax, we've had the pastie tax, we're spunking billions on Trident and two huge pointless aircraft carriers that no planes can take off from or land on, even Cameron's Mum is fighting against his 'measures'.

And Jeremy Hunt forces a contract on NHS staff despite not having a clue about about contract law.....

Not long for this lot.
Title: Re: De-Dollarisation.
Post by: cufflinks on February 13, 2016, 01:18:25 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!
Title: Re: De-Dollarisation.
Post by: treadmilldude on February 13, 2016, 02:11:50 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.
Title: Re: De-Dollarisation.
Post by: Ste on February 13, 2016, 03:09:07 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,  :censored:  me, Trump is worse than Putin, and thats saying something.....
Title: Re: De-Dollarisation.
Post by: Anteros on February 13, 2016, 03:20:41 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,  :censored:  me, Trump is worse than Putin, and thats saying something.....

Too bad.  Just like the formerly great Great Britain needed a strong leader like Winston Churchill, the world now craves a strong leader like Trump.  Being loyal to my party I will vote for whoever the nominee is, however it's no secret that Trump is currently my first choice.
Title: Re: De-Dollarisation.
Post by: Ste on February 13, 2016, 03:57:18 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,  :censored:  me, Trump is worse than Putin, and thats saying something.....

Too bad.  Just like the formerly great Great Britain needed a strong leader like Winston Churchill, the world now craves a strong leader like Trump.  Being loyal to my party I will vote for whoever the nominee is, however it's no secret that Trump is currently my first choice.

My UK vote is for Corbyn, irrespective of politics he has one unique thing. Genuine empathy for real people - I was speaking with him at KX station a while back, he will talk with the general public F2F, and listen and not push spin. So I really can't see anyone voting for anyone after this lot in UK, except maybe Corbyn, Mr Normal Voter can see this now, but it might well be too late, he's too old. One thing is for sure,  this current UK government will be the last Tory one for a long time, people are sick of it and the people have the franchise...

Sanders in US would get my vote but tbh I don't know that much about him, other than he's not any of the others.

All IMHO, not getting into pointless tit-for-tat diktat, we can all dig up stuff pro- anti- this.
Title: Re: De-Dollarisation.
Post by: Anteros on February 13, 2016, 04:02:05 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,  :censored:  me, Trump is worse than Putin, and thats saying something.....

Too bad.  Just like the formerly great Great Britain needed a strong leader like Winston Churchill, the world now craves a strong leader like Trump.  Being loyal to my party I will vote for whoever the nominee is, however it's no secret that Trump is currently my first choice.

My UK vote is for Corbyn, irrespective of politics he has one unique thing. Genuine empathy for real people - I was speaking with him at KX station a while back, he will talk with the general public F2F, and listen and not push spin. So I really can't see anyone voting for anyone after this lot in UK, except maybe Corbyn, Mr Normal Voter can see this now, but it might well be too late, he's too old. One thing is for sure,  this current UK government will be the last Tory one for a long time, people are sick of it and the people have the franchise...

Sanders in US would get my vote but tbh I don't know that much about him, other than he's not any of the others.

All IMHO, not getting into pointless tit-for-tat diktat, we can all dig up stuff pro- anti- this.

Absolutely a person should vote their conscience.  I once met Ron Paul and chatted with him.  A good man and I like his son Rand Paul -- a Libertarian.

Since it's true there might be some serious economic problems soon (on topic with the thread title, De-Dollarisation),  I would recommend that you and anyone else reading purchase some Silver and Gold bullion as emergency money in case of some sort of collapse.  Depending on who is the next US President, this may become very important.
Title: Re: De-Dollarisation.
Post by: Manny on February 13, 2016, 04:35:32 PM
My UK vote is for Corbyn,

 :rolleye0009:
Title: Re: De-Dollarisation.
Post by: Slumba on February 13, 2016, 06:58:45 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.
Title: Re: De-Dollarisation.
Post by: Anteros on February 13, 2016, 07:47:13 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

+1
Title: Re: De-Dollarisation.
Post by: cufflinks on February 17, 2016, 02:21:42 PM
$250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil

Surely you would want dollars?  ;D

The following Denomination USDollars just fine - 1 oz fine to be exact... will accept same 1 oz mintage in Pandas Rubles Rand and CADs as well...

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: cufflinks on February 17, 2016, 02:26:03 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

+1

Actually the 11 Million number is an old 2005 estimate the real Post Obama Islmo-Sympatico era number is between 30 to 60 million and already bankrupting the USA thanks to Obamas HATE AMERICA FIRST policies...

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: Gipsy on February 17, 2016, 02:26:28 PM
$250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil

Surely you would want dollars?  ;D

The following Denomination USDollars just fine - 1 oz fine to be exact... will accept same 1 oz mintage in Pandas Rubles Rand and CADs as well...

(Attachment Link)

One of those has got to be worth about $1200 these days, or am I way out??
Title: Re: De-Dollarisation.
Post by: cufflinks on February 17, 2016, 02:29:45 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

+1
Title: Re: De-Dollarisation.
Post by: Gipsy on February 17, 2016, 02:30:51 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

+1

Actually the 11 Million number is an old 2005 estimate the real Post Obama Islmo-Sympatico era number is between 30 to 60 million and already bankrupting the USA thanks to Obamas HATE AMERICA FIRST policies...

(Attachment Link)

Cuffy,

Is the US the same as the UK, where Govt's don't really know exactly how many Illegals they have in their respective countries, and if the estimate of 60 mill is correct, what can be done in the short/med term about it??
Title: Re: De-Dollarisation.
Post by: cufflinks on February 17, 2016, 02:31:35 PM
$250 Trillion USD in Gold, Platinum, Rare Earths and cheap Oil

Surely you would want dollars?  ;D

The following Denomination USDollars just fine - 1 oz fine to be exact... will accept same 1 oz mintage in Pandas Rubles Rand and CADs as well...

(Attachment Link)

One of those has got to be worth about $1200 these days, or am I way out??

$1,209.90 today with oil back at $30.64 at the moment...
Title: Re: De-Dollarisation.
Post by: cufflinks on February 17, 2016, 02:46:49 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

It's called self-deportation.  Start increasing the number of cross-checking of databases done before welfare and other benefits are handed out; start disallowing illegals access to whatever you can block such as driver's licenses, access to Federal parks, whatever. 

The Supreme Court ruled about a court case involving illegals being allowed to register their kids for school, but that could be overturned or simply ignored by a strong enough executive.

Turn up the dial on these and other things, and some will decide that it is better to be back in the old country than in USA.

+1

Actually the 11 Million number is an old 2005 estimate the real Post Obama Islmo-Sympatico era number is between 30 to 60 million and already bankrupting the USA thanks to Obamas HATE AMERICA FIRST policies...

(Attachment Link)

Cuffy,

Is the US the same as the UK, where Govt's don't really know exactly how many Illegals they have in their respective countries, and if the estimate of 60 mill is correct, what can be done in the short/med term about it??

In the USA it is much worse because our Dems lot turn the other cheek in exchange for Votes for Welfare Handouts - the reason NH voting is never questioned is we have Voter ID laws you must show a valid federal or state ID when you show up to vote and they cross you off the registered voters lists - in Sanctuary Cities and States like Massilltaxitooya it is - get this - the honor system to both register and vote NO ID required many illegals vote early and often the old Kennedy family way.

Actually the solution to the illegals is extremely simple and is currently the Federal Law of the Land - use the same system they use on me an honorably discharged Nuclear Submarine Combat Data Systems expert that I must use run by DHS called e-Verify on every contract or permanent job I am hired for...

You must supply a current Federal or State recognized ID - NOT expired and fill out a form including your current legal residence where you are sleeping at night ...

This is a free online service to all US Employers - it verifies that your Social Security Number is real and coincides with your IDs.

SOLUTION: Simply require e-Verify with EVERY Employer and Welfare Agency in the USA and no more Illegal Aliens, Visa Overstayers, Student Visa "Dropouts" overstayers or ILLEGAL workers - this is already the Law of the land for every Government and Civilian employer over a certain threshold iirc 50 Employees - make it mandatory for everyone and within One year all 30 to 60 Million Illegals are vamanoosed, adiosed, syonaraed, auf vieterzaned, alohaed and GOOD BYEd!

KISS it will work just fine... one direct POTUS Executive Order covering EVERYONE makes it so as it is already the LAW!
Title: Re: De-Dollarisation.
Post by: cufflinks on February 17, 2016, 03:05:14 PM
Since Mr. Trump's (a Teutonic Scot Celt) campaign is en fuego as your Iberian friends say - we will soon have 11 to 20 Million undocumented ILLEGALS removed from our nation which will leave plenty of room for our Scot Celt Anglo Saxon and real Nordic and Teutonic even Franc cousins from across the pond escaping sharia no go rapefugee zones - plenty of room, plenty of cheap energy - gasoline now down to $0.99 to $1.75 per US Gallon and huge demand for Heuristically Educated and innovative EU-UKains here - might have to take one for the team and pair up with one of our phine phat phemales for a green card and accelerated permanent residency and "gulp" citizenship - and you may wish to make yourselves useful for WWIII by joining one of our local Rod and Hunt clubs and learn to develop some firearms skills.  Just saying...

Bonus - even the hot chicks here still think your Brit rocker accents are pantie dropping sexy!

Ummm, no. No. I like Trump a lot, and he is my #2 choice for President, Cruz is my first choice and who I will vote for (I am a lifelong Conservative and vote GOP 100% of the time). But Trump's promise to remove the 11 million Illegals from this country.....that is not possible and will never happen. Even Bill O'Reilly, a man I look up to and respect as much as almost anyone on this planet, admits as much.

Really,  :censored:  me, Trump is worse than Putin, and thats saying something.....

Too bad.  Just like the formerly great Great Britain needed a strong leader like Winston Churchill, the world now craves a strong leader like Trump.  Being loyal to my party I will vote for whoever the nominee is, however it's no secret that Trump is currently my first choice.

My UK vote is for Corbyn, irrespective of politics he has one unique thing. Genuine empathy for real people - I was speaking with him at KX station a while back, he will talk with the general public F2F, and listen and not push spin. So I really can't see anyone voting for anyone after this lot in UK, except maybe Corbyn, Mr Normal Voter can see this now, but it might well be too late, he's too old. One thing is for sure,  this current UK government will be the last Tory one for a long time, people are sick of it and the people have the franchise...

Sanders in US would get my vote but tbh I don't know that much about him, other than he's not any of the others.

All IMHO, not getting into pointless tit-for-tat diktat, we can all dig up stuff pro- anti- this.

Absolutely a person should vote their conscience.  I once met Ron Paul and chatted with him.  A good man and I like his son Rand Paul -- a Libertarian.

Since it's true there might be some serious economic problems soon (on topic with the thread title, De-Dollarisation),  I would recommend that you and anyone else reading purchase some Silver and Gold bullion as emergency money in case of some sort of collapse.  Depending on who is the next US President, this may become very important.

Gold for big purchases and Silver for Small:

[attachimg=1][attachimg=2]
Title: Re: De-Dollarisation.
Post by: Manny on March 05, 2016, 06:07:09 PM
As predicted:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

As we reported earlier this month, Russia and China are now settling oil payments in yuan, a move that western analysts say is responsible for Russia overtaking the Saudis as China's leading oil exporter. Iran (not a BRICS member, but considered a key partner, as well as a potential member) has also sent clear signals that it wants to abandon the dollar: Tehran is now demanding euros for all oil sales.

While these developments have so far centered around oil, Moscow is looking to conduct all trade in national currencies. Moscow and New Delhi are already drawing up the plans:

http://russia-insider.com/en/another-nail-dollars-coffin-russia-and-india-plan-trade-national-currencies/ri13084
Title: Re: De-Dollarisation.
Post by: WestCoast on March 05, 2016, 07:47:45 PM
As predicted:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

As we reported earlier this month, Russia and China are now settling oil payments in yuan, a move that western analysts say is responsible for Russia overtaking the Saudis as China's leading oil exporter. Iran (not a BRICS member, but considered a key partner, as well as a potential member) has also sent clear signals that it wants to abandon the dollar: Tehran is now demanding euros for all oil sales.

While these developments have so far centered around oil, Moscow is looking to conduct all trade in national currencies. Moscow and New Delhi are already drawing up the plans:

http://russia-insider.com/en/another-nail-dollars-coffin-russia-and-india-plan-trade-national-currencies/ri13084

Manny talk about bias reporting. Let's start with the first paragraph:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

Russia is leading nothing in the BRICS. China is in charge. China has been looking to replace the US as the sole global superpower since before Putin became a politician. Russia is the 4th largest economy in a 5 country group. Russia's economy has dropped so much it is only barely larger than Canada's, a country of 35 million vs Russia's 140 million (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29). In fact it is very likely that if the price of oil stays low, over the next few years Canada will pass Russia in regard to the size of their respective GDP.

How does the hierarchy work in the BRICS? Probably like in most authoritarian regime, when the leader speaks the subordinates snap to attention and salutes. In the case of the BRICS, when China speaks Putin snaps to attention and obeys. If Putin doesn't like what China says he still snaps to attention and salutes because he has little choice in the matter, Russia is the very junior partner in the BRICS. The BRICS HQ is in China and China pays most of the bills. China is the boss.

As for BRICS nations settling their bills in their own currencies this certainly is not unexpected, with the very low price of oil I'd imagine these nations are looking at all manners of ways to reduce costs.

As for Iran "now demanding euros for all oil sales" Reuters gives no name to its source and as Andy says "Reliance upon an unnamed source as a source of fact is never a good idea." (http://ruadventures.com/forum/index.php/topic,24894.msg423570.html#msg423570)


http://uk.reuters.com/article/uk-oil-iran-exclusive-idUKKCN0VE1P9

 
Title: Re: De-Dollarisation.
Post by: andrewfi on March 06, 2016, 02:03:38 AM
Westcoast, English not your first language?

If you ask one of your English speaking caregivers to parse the sentence for you they will tell you that the sentence, as written, means that, among the BRICS nations, Russia is the leader in moving away from dollar trading.

Because English is not your first language you did not understand the distinction between 'Russia, the leader of the BRICS nations is beginning to chip away at the dollar' and 'BRICS nations, led by Russia, are beginning to chip away at the dollar.'

However, you are also wrong as a matter of fact. (It must have been hard for your supervisors to train you on new products before you got let go!) Russia holds the presidency of the BRICS organization and the organization as a whole was set up at the instigation of the Russian government.

What you, Westcoast, as an international banker and businessman of great renown did not know was that the BRICS organization is an entity and not a concept.

Here's some useful information that international bankers and businessmen might want to read to keep up to date with current international business and banking affairs and avoid looking like complete twats. CLICK HERE! (http://en.brics2015.ru/russia_and_brics/20150301/19483.html)
Title: Re: De-Dollarisation.
Post by: Gipsy on March 06, 2016, 02:15:46 AM
As predicted:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

As we reported earlier this month, Russia and China are now settling oil payments in yuan, a move that western analysts say is responsible for Russia overtaking the Saudis as China's leading oil exporter. Iran (not a BRICS member, but considered a key partner, as well as a potential member) has also sent clear signals that it wants to abandon the dollar: Tehran is now demanding euros for all oil sales.

While these developments have so far centered around oil, Moscow is looking to conduct all trade in national currencies. Moscow and New Delhi are already drawing up the plans:

http://russia-insider.com/en/another-nail-dollars-coffin-russia-and-india-plan-trade-national-currencies/ri13084

Manny talk about bias reporting. Let's start with the first paragraph:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

Russia is leading nothing in the BRICS. China is in charge. China has been looking to replace the US as the sole global superpower since before Putin became a politician. Russia is the 4th largest economy in a 5 country group. Russia's economy has dropped so much it is only barely larger than Canada's, a country of 35 million vs Russia's 140 million (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29). In fact it is very likely that if the price of oil stays low, over the next few years Canada will pass Russia in regard to the size of their respective GDP.

How does the hierarchy work in the BRICS? Probably like in most authoritarian regime, when the leader speaks the subordinates snap to attention and salutes. In the case of the BRICS, when China speaks Putin snaps to attention and obeys. If Putin doesn't like what China says he still snaps to attention and salutes because he has little choice in the matter, Russia is the very junior partner in the BRICS. The BRICS HQ is in China and China pays most of the bills. China is the boss.

As for BRICS nations settling their bills in their own currencies this certainly is not unexpected, with the very low price of oil I'd imagine these nations are looking at all manners of ways to reduce costs.

As for Iran "now demanding euros for all oil sales" Reuters gives no name to its source and as Andy says "Reliance upon an unnamed source as a source of fact is never a good idea." (http://ruadventures.com/forum/index.php/topic,24894.msg423570.html#msg423570)


http://uk.reuters.com/article/uk-oil-iran-exclusive-idUKKCN0VE1P9

 

Westy,

One cannot compare ONLY the countries GDP when looking at how well/badly a country is faring against other countries in the world, its NOT good enough to highlight the countries economics..
One has to involve various other aspects, such as, Debt to GDP, unemployment, economic output per capita, foreign reserves, Gold holdings, etc...
So, if we compare Russia to Canada, using only the above aspects, then sorry my friend, but Canada comes way down the list, nowhere near Russia..

Brics bank is headquartered in Shanghai, and China is picking up the tab for the building of the place, and the running of the place, BUT, that's all, the headquarters will be staffed by equal amounts of people from all 5 countries involved, the bank is equally owned by same countries, Headed by each country in turn on an annual rotation.
To assist you further, may I remind you that the ECB is owned by some 20ish different countries, by headquartered in Frankfurt, where the German government is picking up the tab, both for the building and its running costs.
Also, the IMF, similar situation, headquartered in the US, with the US picking up the tab, and European headquarters with the host nation picking up the tab...

Just because a country hosts an organisation, does not mean that that country dictates what the organisation must do, and who it should or should not help.

I should also add, that, I think its from the beginning of April this year, Russia is selling their gas and oil only in Roubles...
Title: Re: De-Dollarisation.
Post by: Gipsy on March 06, 2016, 02:21:47 AM
Westcoast, English not your first language?

If you ask one of your English speaking caregivers to parse the sentence for you they will tell you that the sentence, as written, means that, among the BRICS nations, Russia is the leader in moving away from dollar trading.

Because English is not your first language you did not understand the distinction between 'Russia, the leader of the BRICS nations is beginning to chip away at the dollar' and 'BRICS nations, led by Russia, are beginning to chip away at the dollar.'

However, you are also wrong as a matter of fact. (It must have been hard for your supervisors to train you on new products before you got let go!) Russia holds the presidency of the BRICS organization and the organization as a whole was set up at the instigation of the Russian government.

What you, Westcoast, as an international banker and businessman of great renown did not know was that the BRICS organization is an entity and not a concept.

Here's some useful information that international bankers and businessmen might want to read to keep up to date with current international business and banking affairs and avoid looking like complete twats. CLICK HERE! (http://en.brics2015.ru/russia_and_brics/20150301/19483.html)

Excellent, thanks.. :thumbsup:
Title: Re: De-Dollarisation.
Post by: Markje on March 06, 2016, 03:24:43 AM

Here's some useful information that international bankers and businessmen might want to read to keep up to date with current international business and banking affairs and avoid looking like complete twats. CLICK HERE! (http://en.brics2015.ru/russia_and_brics/20150301/19483.html)

From your link:
Quote
- to bolster the positions of BRICS in the international system by expanding the association's external relations, including in Eurasia, and ensuring their stability;

I read that as if BRICS are going to make an effort to stabilize and bring peace and prosperity to Eurasia. Since Europe is part of that equation , it makes the western propaganda that Putin himself is responsible for our immigration problems laughable.

My english teacher also said, that a "," is a direct nono before the word "and" because it confuses the readers.

Mark.
Title: Re: De-Dollarisation.
Post by: andrewfi on March 06, 2016, 04:53:46 AM
Mark, I was neither the writer or subeditor for the words to which you linked and so can not comment authoritatively upon the choice made, however, there is, in written English, a stylistic usage called the 'Oxford comma'. CLICK HERE! (http://blog.oxforddictionaries.com/2015/01/video-oxford-comma/)
The Oxford comma is used more commonly, I think, in British English than in American usage in lists where the list items have more than one word in them. The linked page has some examples showing just why the Oxford (or serial) comma is so useful.

The purpose is to reduce confusion in writing. I did not use it until recently, in my writing, but now I try to remember to use it. That said I am really bad at consistent use of commas and then forget to match up paired commas in my writing -if somebody pays me to have a sub-editor that problem would go away!
Title: Re: De-Dollarisation.
Post by: WestCoast on March 06, 2016, 09:59:57 AM
As predicted:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

As we reported earlier this month, Russia and China are now settling oil payments in yuan, a move that western analysts say is responsible for Russia overtaking the Saudis as China's leading oil exporter. Iran (not a BRICS member, but considered a key partner, as well as a potential member) has also sent clear signals that it wants to abandon the dollar: Tehran is now demanding euros for all oil sales.

While these developments have so far centered around oil, Moscow is looking to conduct all trade in national currencies. Moscow and New Delhi are already drawing up the plans:

http://russia-insider.com/en/another-nail-dollars-coffin-russia-and-india-plan-trade-national-currencies/ri13084

Manny talk about bias reporting. Let's start with the first paragraph:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

Russia is leading nothing in the BRICS. China is in charge. China has been looking to replace the US as the sole global superpower since before Putin became a politician. Russia is the 4th largest economy in a 5 country group. Russia's economy has dropped so much it is only barely larger than Canada's, a country of 35 million vs Russia's 140 million (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29). In fact it is very likely that if the price of oil stays low, over the next few years Canada will pass Russia in regard to the size of their respective GDP.

How does the hierarchy work in the BRICS? Probably like in most authoritarian regime, when the leader speaks the subordinates snap to attention and salutes. In the case of the BRICS, when China speaks Putin snaps to attention and obeys. If Putin doesn't like what China says he still snaps to attention and salutes because he has little choice in the matter, Russia is the very junior partner in the BRICS. The BRICS HQ is in China and China pays most of the bills. China is the boss.

As for BRICS nations settling their bills in their own currencies this certainly is not unexpected, with the very low price of oil I'd imagine these nations are looking at all manners of ways to reduce costs.

As for Iran "now demanding euros for all oil sales" Reuters gives no name to its source and as Andy says "Reliance upon an unnamed source as a source of fact is never a good idea." (http://ruadventures.com/forum/index.php/topic,24894.msg423570.html#msg423570)


http://uk.reuters.com/article/uk-oil-iran-exclusive-idUKKCN0VE1P9

 

Westy,

One cannot compare ONLY the countries GDP when looking at how well/badly a country is faring against other countries in the world, its NOT good enough to highlight the countries economics..
One has to involve various other aspects, such as, Debt to GDP, unemployment, economic output per capita, foreign reserves, Gold holdings, etc...
So, if we compare Russia to Canada, using only the above aspects, then sorry my friend, but Canada comes way down the list, nowhere near Russia..

Gipsey I should point out that Canada vs Russia using "economic output per capita" or as economists refer to it, gross domestic product (at purchasing power parity) per capita, than Canada is well ahead of Russia. (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita) Gipsey let's just assume I know far more about finance and economics than you. It was my job. BTW what do you do in Russia?

Brics bank is headquartered in Shanghai, and China is picking up the tab for the building of the place, and the running of the place, BUT, that's all, the headquarters will be staffed by equal amounts of people from all 5 countries involved, the bank is equally owned by same countries, Headed by each country in turn on an annual rotation.

Gipsey let's do a reality check. Russia has an economic alliance with Belarus, Kazakhstan, Armenia and Kyrgyzstan. Does anyone really think that Putin allows the leaders of the other countries equal decision making? No of course not. Russia is the larger country, with the largest GDP. Russia leads the other countries follow.   

To assist you further, may I remind you that the ECB is owned by some 20ish different countries, by headquartered in Frankfurt, where the German government is picking up the tab, both for the building and its running costs.

Gipsey, great example. Germany is often called the economic engine of the EU or the EU paymaster. It has the largest economy in the EU. Frankfurt is not only the financial capital of Germany but one of the world's leading financial centres. The ECB (European Central Bank) is located there because of those reasons. Again, Gipsey, great example.



I should also add, that, I think its from the beginning of April this year, Russia is selling their gas and oil only in Roubles...

I'll believe it when I see it on the news. Russia needs foreign revenue badly, I think they'll take any currency the buyer offers.
Title: Re: De-Dollarisation.
Post by: WestCoast on March 06, 2016, 10:17:43 AM
Westcoast, English not your first language?

Andy you've got to change your standard insult. It shows you have little imagination when you constantly use it.

to parse the sentence for you they will tell you that the sentence, as written, means that, among the BRICS nations, Russia is the leader in moving away from dollar trading.

Not true. China has been trying to move away from US dollar trading far longer than Russia. 

Russia holds the presidency of the BRICS organization and the organization as a whole was set up at the instigation of the Russian government.

It's called a rotating presidency, Andy. The leader of each member state holds the presidency for a predetermined time.


Title: Re: De-Dollarisation.
Post by: Gipsy on March 06, 2016, 10:41:14 AM
As predicted:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

As we reported earlier this month, Russia and China are now settling oil payments in yuan, a move that western analysts say is responsible for Russia overtaking the Saudis as China's leading oil exporter. Iran (not a BRICS member, but considered a key partner, as well as a potential member) has also sent clear signals that it wants to abandon the dollar: Tehran is now demanding euros for all oil sales.

While these developments have so far centered around oil, Moscow is looking to conduct all trade in national currencies. Moscow and New Delhi are already drawing up the plans:

http://russia-insider.com/en/another-nail-dollars-coffin-russia-and-india-plan-trade-national-currencies/ri13084

Manny talk about bias reporting. Let's start with the first paragraph:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

Russia is leading nothing in the BRICS. China is in charge. China has been looking to replace the US as the sole global superpower since before Putin became a politician. Russia is the 4th largest economy in a 5 country group. Russia's economy has dropped so much it is only barely larger than Canada's, a country of 35 million vs Russia's 140 million (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29). In fact it is very likely that if the price of oil stays low, over the next few years Canada will pass Russia in regard to the size of their respective GDP.

How does the hierarchy work in the BRICS? Probably like in most authoritarian regime, when the leader speaks the subordinates snap to attention and salutes. In the case of the BRICS, when China speaks Putin snaps to attention and obeys. If Putin doesn't like what China says he still snaps to attention and salutes because he has little choice in the matter, Russia is the very junior partner in the BRICS. The BRICS HQ is in China and China pays most of the bills. China is the boss.

As for BRICS nations settling their bills in their own currencies this certainly is not unexpected, with the very low price of oil I'd imagine these nations are looking at all manners of ways to reduce costs.

As for Iran "now demanding euros for all oil sales" Reuters gives no name to its source and as Andy says "Reliance upon an unnamed source as a source of fact is never a good idea." (http://ruadventures.com/forum/index.php/topic,24894.msg423570.html#msg423570)


http://uk.reuters.com/article/uk-oil-iran-exclusive-idUKKCN0VE1P9

 

Westy,

One cannot compare ONLY the countries GDP when looking at how well/badly a country is faring against other countries in the world, its NOT good enough to highlight the countries economics..
One has to involve various other aspects, such as, Debt to GDP, unemployment, economic output per capita, foreign reserves, Gold holdings, etc...
So, if we compare Russia to Canada, using only the above aspects, then sorry my friend, but Canada comes way down the list, nowhere near Russia..

Gipsey I should point out that Canada vs Russia using "economic output per capita" or as economists refer to it, gross domestic product (at purchasing power parity) per capita, than Canada is well ahead of Russia. (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita) Gipsey let's just assume I know far more about finance and economics than you. It was my job. BTW what do you do in Russia?

Brics bank is headquartered in Shanghai, and China is picking up the tab for the building of the place, and the running of the place, BUT, that's all, the headquarters will be staffed by equal amounts of people from all 5 countries involved, the bank is equally owned by same countries, Headed by each country in turn on an annual rotation.

Gipsey let's do a reality check. Russia has an economic alliance with Belarus, Kazakhstan, Armenia and Kyrgyzstan. Does anyone really think that Putin allows the leaders of the other countries equal decision making? No of course not. Russia is the larger country, with the largest GDP. Russia leads the other countries follow.   

To assist you further, may I remind you that the ECB is owned by some 20ish different countries, by headquartered in Frankfurt, where the German government is picking up the tab, both for the building and its running costs.

Gipsey, great example. Germany is often called the economic engine of the EU or the EU paymaster. It has the largest economy in the EU. Frankfurt is not only the financial capital of Germany but one of the world's leading financial centres. The ECB (European Central Bank) is located there because of those reasons. Again, Gipsey, great example.



I should also add, that, I think its from the beginning of April this year, Russia is selling their gas and oil only in Roubles...

I'll believe it when I see it on the news. Russia needs foreign revenue badly, I think they'll take any currency the buyer offers.

Westy,

We were discussing the Canadian economy v the Russian, NOT the difference in the standard of living.
Take a look at both countries GDP - Debt ratio, enough said.
If you were my financial advisor, well, sorry mate.
Why does Russia need foreign revenue badly, It has very little foreign debt, what it needs is foreign investment, better technology, more specialists in many areas.
Russia is about 35 years behind Europe and the US but catching up very quickly, which is not bad considering its past..
As far as the rest of your factual manipulation is concerned, well, enough said..
Title: Re: De-Dollarisation.
Post by: WestCoast on March 06, 2016, 11:16:43 AM
As predicted:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

As we reported earlier this month, Russia and China are now settling oil payments in yuan, a move that western analysts say is responsible for Russia overtaking the Saudis as China's leading oil exporter. Iran (not a BRICS member, but considered a key partner, as well as a potential member) has also sent clear signals that it wants to abandon the dollar: Tehran is now demanding euros for all oil sales.

While these developments have so far centered around oil, Moscow is looking to conduct all trade in national currencies. Moscow and New Delhi are already drawing up the plans:

http://russia-insider.com/en/another-nail-dollars-coffin-russia-and-india-plan-trade-national-currencies/ri13084

Manny talk about bias reporting. Let's start with the first paragraph:

Quote
BRICS nations, led by Russia, are beginning to chip away at the dollar.

Russia is leading nothing in the BRICS. China is in charge. China has been looking to replace the US as the sole global superpower since before Putin became a politician. Russia is the 4th largest economy in a 5 country group. Russia's economy has dropped so much it is only barely larger than Canada's, a country of 35 million vs Russia's 140 million (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29). In fact it is very likely that if the price of oil stays low, over the next few years Canada will pass Russia in regard to the size of their respective GDP.

How does the hierarchy work in the BRICS? Probably like in most authoritarian regime, when the leader speaks the subordinates snap to attention and salutes. In the case of the BRICS, when China speaks Putin snaps to attention and obeys. If Putin doesn't like what China says he still snaps to attention and salutes because he has little choice in the matter, Russia is the very junior partner in the BRICS. The BRICS HQ is in China and China pays most of the bills. China is the boss.

As for BRICS nations settling their bills in their own currencies this certainly is not unexpected, with the very low price of oil I'd imagine these nations are looking at all manners of ways to reduce costs.

As for Iran "now demanding euros for all oil sales" Reuters gives no name to its source and as Andy says "Reliance upon an unnamed source as a source of fact is never a good idea." (http://ruadventures.com/forum/index.php/topic,24894.msg423570.html#msg423570)


http://uk.reuters.com/article/uk-oil-iran-exclusive-idUKKCN0VE1P9

 

Westy,

One cannot compare ONLY the countries GDP when looking at how well/badly a country is faring against other countries in the world, its NOT good enough to highlight the countries economics..
One has to involve various other aspects, such as, Debt to GDP, unemployment, economic output per capita, foreign reserves, Gold holdings, etc...
So, if we compare Russia to Canada, using only the above aspects, then sorry my friend, but Canada comes way down the list, nowhere near Russia..

Gipsey I should point out that Canada vs Russia using "economic output per capita" or as economists refer to it, gross domestic product (at purchasing power parity) per capita, than Canada is well ahead of Russia. (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita) Gipsey let's just assume I know far more about finance and economics than you. It was my job. BTW what do you do in Russia?

Brics bank is headquartered in Shanghai, and China is picking up the tab for the building of the place, and the running of the place, BUT, that's all, the headquarters will be staffed by equal amounts of people from all 5 countries involved, the bank is equally owned by same countries, Headed by each country in turn on an annual rotation.

Gipsey let's do a reality check. Russia has an economic alliance with Belarus, Kazakhstan, Armenia and Kyrgyzstan. Does anyone really think that Putin allows the leaders of the other countries equal decision making? No of course not. Russia is the larger country, with the largest GDP. Russia leads the other countries follow.   

To assist you further, may I remind you that the ECB is owned by some 20ish different countries, by headquartered in Frankfurt, where the German government is picking up the tab, both for the building and its running costs.

Gipsey, great example. Germany is often called the economic engine of the EU or the EU paymaster. It has the largest economy in the EU. Frankfurt is not only the financial capital of Germany but one of the world's leading financial centres. The ECB (European Central Bank) is located there because of those reasons. Again, Gipsey, great example.



I should also add, that, I think its from the beginning of April this year, Russia is selling their gas and oil only in Roubles...

I'll believe it when I see it on the news. Russia needs foreign revenue badly, I think they'll take any currency the buyer offers.

Westy,

Why does Russia need foreign revenue badly, It has very little foreign debt, what it needs is foreign investment, better technology, more specialists in many areas.

Gipsey, you're answering your own question. Russia needs foreign revenue so it can acquired better tech, educate more specialists and get more foreign investment.

If Russia doesn't have the tech, where is it going to get it? From foreign countries and that will mean using revenue that will probably involve either euros or USD. Same with specialists.

If Russia needs specialised workers as it does in the oil and gas industry it will have to pay them, again in euros or USD. Currently Russia is using American specialists to upgrade their oil and gas industries. Do you think the American specialists are being paid in rubles?

Of course Russia is still importing many items from non western countries, more importantly countries that Russia does not have currency exchange agreements with. This means that Russia is probably using USD to buy the goods.



Title: Re: De-Dollarisation.
Post by: Gipsy on March 06, 2016, 12:12:57 PM

Gipsey, you're answering your own question. Russia needs foreign revenue so it can acquired better tech, educate more specialists and get more foreign investment.

If Russia doesn't have the tech, where is it going to get it? From foreign countries and that will mean using revenue that will probably involve either euros or USD. Same with specialists.

If Russia needs specialised workers as it does in the oil and gas industry it will have to pay them, again in euros or USD. Currently Russia is using American specialists to upgrade their oil and gas industries. Do you think the American specialists are being paid in rubles?

Of course Russia is still importing many items from non western countries, more importantly countries that Russia does not have currency exchange agreements with. This means that Russia is probably using USD to buy the goods.

Russia's trade deficit for 2015 was about $160B, and is projected to be slightly more in 2016 so foreign currency is not the biggest problem.

The problem is that it needs massive technological assistance in its infrastructure for a start.

It also needs experienced management and leaders in many fields of investment banking, business and manufacturing.

Manufacturing is much stronger and efficient than it was several years ago, but there is still much room for efficiency gains to be made.

The majority of gas and oil upgrades are being done internally, with little assistance from other countries, and the majority of "Ex-pats"/"Contractors" working within the industry, are on rouble salaries, (I hear complaints about the ex-rate most days).

As far as oil and gas upgrades are concerned, with the exception of drilling for new fields in the Arctic, Russian technology/equipment in the majority of cases, is already amongst the best in the world.

As I stated above, Russian exports outweighs its imports by far.

It needs foreign buyers to buy its products and services in roubles, in order to support and strengthen the currency, which is the direction in which it is heading, in other words De-dollarization/De-euroization.
Title: Re: De-Dollarisation.
Post by: andrewfi on March 06, 2016, 12:16:20 PM
Colour me surprised that an international banker is not aware of how international banking works.  :'(
Title: Re: De-Dollarisation.
Post by: Texan77 on March 06, 2016, 12:29:53 PM
What some of you guys do not seem to get it USA is also under going change. Not all of this change is negative like you seem to think. Our balance of trade with China is much smaller than it used to be. The amount of money we spend for oil imports is less than it used to be. This is causing a dollar shortage which is causing the dollar to rise in value. It would destroy the USA economy by raising the dollar value to levels that would put much of America out of work if everyone still traded in dollars. Manny's article mention Iran requiring Euros to buy their oil. Than happened in the 1980's. Russia has been selling oil to China in yuan for a number years now. How can you chip away at that which does not exist.

Why don't you guy try to tell where the dollar is used for trade in the world that does not involved the US. This trade does not exist in large amounts of money any more. The US does not want to promote dollar trade as dollars are already too expensive.

Even Jim Richards who came up with all of this and how it was going to ruin the dollar has move on the another scam as the last one has run out of gas. The only place where this is talked about is in Russian propaganda to make it sound like Russia is destroying the USA.
Title: Re: De-Dollarisation.
Post by: andrewfi on March 06, 2016, 01:39:20 PM
Texan, you are s7mply flat out wrong about the use of dollars. If you were even close to being right then dedollarisation would not be a thing.

The use of dollars in international trade as an intermediary currency is core to the US economy. The US way of life is predicated upon the export of US dollars.

You are similarly incorrect about the US balance of payments. Exports are now at their lowest since 2011. The balance of payments trend is also downward, with an increasing trade gap. Imports have been falling but more slowly than Exports have been increasing.

As for goods and services traded, well almost everything traded internationally can be and is traded using dollars as intermediary. The most visible commodity is, of course, oil.
Title: Re: De-Dollarisation.
Post by: Texan77 on March 06, 2016, 05:31:01 PM
Texan, you are s7mply flat out wrong about the use of dollars. If you were even close to being right then dedollarisation would not be a thing.

The use of dollars in international trade as an intermediary currency is core to the US economy. The US way of life is predicated upon the export of US dollars.

You are similarly incorrect about the US balance of payments. Exports are now at their lowest since 2011. The balance of payments trend is also downward, with an increasing trade gap. Imports have been falling but more slowly than Exports have been increasing.

As for goods and services traded, well almost everything traded internationally can be and is traded using dollars as intermediary. The most visible commodity is, of course, oil.

Andrew, why is the dollar going up? Also tell me who still trades in Dollars internationally? No body BRICS, No body Europe, is there any body left who even counts?  Yes our exports are down because our dollar is too strong. We do not need other countries trading in it and making it stronger.
Title: Re: De-Dollarisation.
Post by: Gipsy on March 06, 2016, 05:59:05 PM
Texan, you are s7mply flat out wrong about the use of dollars. If you were even close to being right then dedollarisation would not be a thing.

The use of dollars in international trade as an intermediary currency is core to the US economy. The US way of life is predicated upon the export of US dollars.

You are similarly incorrect about the US balance of payments. Exports are now at their lowest since 2011. The balance of payments trend is also downward, with an increasing trade gap. Imports have been falling but more slowly than Exports have been increasing.

As for goods and services traded, well almost everything traded internationally can be and is traded using dollars as intermediary. The most visible commodity is, of course, oil.

Andrew, why is the dollar going up? Also tell me who still trades in Dollars internationally? No body BRICS, No body Europe, is there any body left who even counts?  Yes our exports are down because our dollar is too strong. We do not need other countries trading in it and making it stronger.

Reading for you..

http://www.bloomberg.com/news/articles/2015-12-24/dollar-to-strengthen-versus-all-major-peers-except-pound-loonie

Old, but also informative..

https://wealth.barclays.com/en_gb/home/international-banking/insight-research/global-market-insight/why-the-us-dollar-may-be-set-to-strengthen.html
Title: Re: De-Dollarisation.
Post by: WestCoast on March 06, 2016, 06:40:02 PM
Texan, you are s7mply flat out wrong about the use of dollars. If you were even close to being right then dedollarisation would not be a thing.

The use of dollars in international trade as an intermediary currency is core to the US economy. The US way of life is predicated upon the export of US dollars.

You are similarly incorrect about the US balance of payments. Exports are now at their lowest since 2011. The balance of payments trend is also downward, with an increasing trade gap. Imports have been falling but more slowly than Exports have been increasing.

As for goods and services traded, well almost everything traded internationally can be and is traded using dollars as intermediary. The most visible commodity is, of course, oil.

Andrew, why is the dollar going up? Also tell me who still trades in Dollars internationally? No body BRICS, No body Europe, is there any body left who even counts?  Yes our exports are down because our dollar is too strong. We do not need other countries trading in it and making it stronger.

Reading for you..

http://www.bloomberg.com/news/articles/2015-12-24/dollar-to-strengthen-versus-all-major-peers-except-pound-loonie

Old, but also informative..

https://wealth.barclays.com/en_gb/home/international-banking/insight-research/global-market-insight/why-the-us-dollar-may-be-set-to-strengthen.html

Gipsey, how can the "economic-growth outlook for the U.S." be so good? Andy has said Russia and China will hurt the US economy via de-dollarisation. Yet the USD is raising against the currencies of both countries according to the article you referenced.

Is it possible Andy is wrong? He is a master spammer so he should know about spam and maybe nothing else. I have repeatedly corrected him about his posts in the fields of politics, economics, finance, food, dieting, exercise, dating, travel, the FSU, the CIA, good grooming and many other topics.  :laugh:
Title: Re: De-Dollarisation.
Post by: Gipsy on March 07, 2016, 12:00:07 AM
Westy,

As you are the self acclaimed financial/economics wiz kid, you should be able to answer your own question, especially having so recently told me that I have no knowledge in such things in comparison to your profound experience.

You will also, being such an expert, be able to distinguish between the current economic situation in the US, and its outlook.

You should also be able to understand as to why various countries wish for de-dollarization in their trading's, and any effect that such a move will have on the US economy.

You should also be able to distinguish the damage that a strong dollar is causing to other countries economies and currencies around the world...

As to your other comments, I really am not in a position to make any contribution.
Title: Re: De-Dollarisation.
Post by: andrewfi on March 07, 2016, 01:51:35 AM
Westcoast, allow me to make a suggestion to you. Over the years you have told us that you are (or were before you were fired) an international banker and businessman. Such a role implies knowledge in certain fields.

Now, on the Internet there's an old meme 'on the Internet nobody knows you're a dog'. That's largely true but when one makes claims that depend upon knowledge, implicit knowledge, knowledge in depth, then one's mask can easily fall aside.

So,  the suggestion is this: rather than continually displaying that you are and were not what you claim why not try to, at the least, bone up about relevant matters before writing silly posts that give the lie to your claims?

For a start you might want to learn about what drives currency price variations and how these variations may well have little or nothing to do with the underlying characteristics of the economy that the currency represents.

A while back I shared a basic reading list on this and other aspects of international finance. I suggest that a few days of reading and consequent learning will enable you to once again pretend that you are not the famed dog of the Internet meme.
Title: Re: De-Dollarisation.
Post by: Texan77 on March 07, 2016, 08:46:36 AM
Andrew I have been saying that international trade in USA dollars has been dead for several years now. You keep saying it has not. Can you tell us which countries that conduct trade in dollars when not trading with the USA? Even Canada and Australia trade in in Yuan when trading with China. Manny posted something that said Rhodesia no longer uses dollars. I am asking Who trades in dollars when trading with countries other the USA. Does this mean that you agree the dollar trade died a long time ago? That is started to die with the Euro many years ago and now on longer exist.
Title: Re: De-Dollarisation.
Post by: Manny on March 07, 2016, 09:45:19 AM
Manny posted something that said Rhodesia no longer uses dollars.

Rhodesia has been called Zimbabwe since 1980 by the way.
Title: Re: De-Dollarisation.
Post by: Texan77 on March 07, 2016, 10:39:10 AM
Complain about anything other than answer the question? Who trades in dollars when not trading with the USA? Answer nearly no body. How can you guys be chipping away at a trade in dollars that does not exist? This whole thing was a myth. All of this trade in dollar was never good for the USA and it is really good it is gone.
Title: Re: De-Dollarisation.
Post by: Gipsy on March 07, 2016, 10:53:26 AM
Complain about anything other than answer the question? Who trades in dollars when not trading with the USA? Answer nearly no body. How can you guys be chipping away at a trade in dollars that does not exist? This whole thing was a myth. All of this trade in dollar was never good for the USA and it is really good it is gone.

Read all please then you may understand..

https://en.wikipedia.org/wiki/International_use_of_the_U.S._dollar

https://en.wikipedia.org/wiki/Petrocurrency

https://www.quora.com/Why-do-international-deals-happen-in-dollars-even-when-none-of-the-countries-involved-has-dollars-as-its-currency

http://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/

There is more, but I do not wish to bore you..
Title: Re: De-Dollarisation.
Post by: Gipsy on March 07, 2016, 10:54:31 AM
Manny posted something that said Rhodesia no longer uses dollars.

Rhodesia has been called Zimbabwe since 1980 by the way.

I am to young to remember this, :nod: but it does seem like yesterday.... :laugh:
Title: Re: De-Dollarisation.
Post by: WestCoast on March 07, 2016, 12:26:58 PM
Westcoast, allow me to make a suggestion to you. Over the years you have told us that you are (or were before you were fired) an international banker and businessman. Such a role implies knowledge in certain fields.

Now, on the Internet there's an old meme 'on the Internet nobody knows you're a dog'. That's largely true but when one makes claims that depend upon knowledge, implicit knowledge, knowledge in depth, then one's mask can easily fall aside.

So,  the suggestion is this: rather than continually displaying that you are and were not what you claim why not try to, at the least, bone up about relevant matters before writing silly posts that give the lie to your claims?

For a start you might want to learn about what drives currency price variations and how these variations may well have little or nothing to do with the underlying characteristics of the economy that the currency represents.

A while back I shared a basic reading list on this and other aspects of international finance. I suggest that a few days of reading and consequent learning will enable you to once again pretend that you are not the famed dog of the Internet meme.

Andy I try my best to keep my posts easy to understand so you, especially, will understand them. As for understanding currency price variations, I did a tour of duty in the currency pits during my international banking days so I well understand what drives currency fluctuations.

It's you and Manny with this nonsense about how the yuan and ruble are going to take over from the USD. First, by now it must be clear even to you and Manny that China will make sure that Russia is never anything more than a very junior partner to China's business operations in the BRICS or in other partnerships.

Second, there is a very real chance that China is in far worse financial shape than the US. So bad in fact that even if China does have the reported $3 trillion in foreign reserves (and there are definitely possibilities that China's foreign reserves are actually must less) that may not be nearly enough to help it get through the current financial quagmire engulfing China's financial sector and economy in general.

Title: Re: De-Dollarisation.
Post by: Texan77 on March 07, 2016, 06:36:26 PM
Complain about anything other than answer the question? Who trades in dollars when not trading with the USA? Answer nearly no body. How can you guys be chipping away at a trade in dollars that does not exist? This whole thing was a myth. All of this trade in dollar was never good for the USA and it is really good it is gone.

Read all please then you may understand..

https://en.wikipedia.org/wiki/International_use_of_the_U.S._dollar


https://en.wikipedia.org/wiki/Petrocurrency

https://www.quora.com/Why-do-international-deals-happen-in-dollars-even-when-none-of-the-countries-involved-has-dollars-as-its-currency

http://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/

There is more, but I do not wish to bore you..


Give me a list of countries that trade in dollars when not trading with the USA! Not some silly link of general nothing of out date stuff but a list countries who still in 2016 trade in dollar other than when trading with the USA. Yes the dollars is the largest reserved currency but here I am taking about countries that do international trade in dollars. Even the petro dollar that you write about is history. Still name a foreign power that buys oil in dollars other than the USA and who they buy it from. I bet you can not name a large country because they do not exist anywhere on this planet. The dollar trade is dead and we are better off. 
Title: Re: De-Dollarisation.
Post by: Gipsy on March 08, 2016, 08:47:58 AM
Complain about anything other than answer the question? Who trades in dollars when not trading with the USA? Answer nearly no body. How can you guys be chipping away at a trade in dollars that does not exist? This whole thing was a myth. All of this trade in dollar was never good for the USA and it is really good it is gone.

Read all please then you may understand..

https://en.wikipedia.org/wiki/International_use_of_the_U.S._dollar


https://en.wikipedia.org/wiki/Petrocurrency

https://www.quora.com/Why-do-international-deals-happen-in-dollars-even-when-none-of-the-countries-involved-has-dollars-as-its-currency

http://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/

There is more, but I do not wish to bore you..


Give me a list of countries that trade in dollars when not trading with the USA! Not some silly link of general nothing of out date stuff but a list countries who still in 2016 trade in dollar other than when trading with the USA. Yes the dollars is the largest reserved currency but here I am taking about countries that do international trade in dollars. Even the petro dollar that you write about is history. Still name a foreign power that buys oil in dollars other than the USA and who they buy it from. I bet you can not name a large country because they do not exist anywhere on this planet. The dollar trade is dead and we are better off.

Thank you for your comment.

How do you not understand how many countries use the $ for trading with each other and not for trades with the US??

Canada used the US $ for most of its "Non US" Imports, along with the UK with all of its "Non US & Non EU" imports just to name 2 for you.



Title: Re: De-Dollarisation.
Post by: andrewfi on March 08, 2016, 09:01:06 AM
Westy, yes, we get it, once upon a time somebody let you work on the Forex till. Whoop de doo!

I doubt that you will be able to point at a post written by myself or Manny that suggests that the ruble or yuan will take over the world. ;)

You see, I know that this is not what either Russia or China want to happen, both countries' representatives have spoken of the unbalancing effect of having a disproportionate reserve currency, no matter which state that currency belongs to. Both countries' governments have suggested multi-polarity and that is exactly what both Russia and China are implementing. They have also proposed using an administrative currency which would be based upon a basket of currencies, this addresses the issue of multi-polarity and of convenience of having an intermediary currency.

Yes, we get it, you are old and forgetful, but please don't make stuff up and then attribute it to people who are trying to help you. If you are not sure please ask one of your caregivers to check for you, or ask us a question. Both Manny and I are patient with the differently abled - as you have experienced on many occasions

Title: Re: De-Dollarisation.
Post by: Texan77 on March 08, 2016, 10:00:19 AM
Canada uses the Euro when trading with Europe and the Yuan when trading with China. Who is left that would be any large amount of trade. China trades with the UK they usually the Yuan. The UK now even has issued government bonds payable in the Chinese Yuan. The dollar international trade has been getting smaller over the last thirty years. Since 2008 that level of trade has fallen off a cliff.

All this crape that made the dollar artificially high all these years has been very bad for the USA and has killed our manufacturing cost of a lot of jobs and sent our money to China. Up until the last few years Chinese actually promoted it. Now that China no longer has a surplus of dollars so it is no longer to their advantage to promote this. China no longer doing trade in dollars has pretty much killed the dollar in international trade between countries that does not include the USA. This is because China does far more international trade than the USA. As per Manny, even some small African countries are no longer using dollars.

Right now the dollar is strong because the USA is importing more dollars than we are exporting. One day that will change. If the dollar does fall then factories will make more profit in America and we will sell more products in China as well as the rest of the world. That will cause the dollar to rise again and this new rise will be much healthy for the USA than this artificial lift the dollar gets from exporting dollars for international trade.   
Title: Re: De-Dollarisation.
Post by: Manny on March 08, 2016, 10:13:54 AM
China trades with the UK they usually the Yuan.

Really?  :chuckle:

I buy quite a lot from China, and only now is it dawning on them that they need not use the dollar any more. The trend has started (fuelled by the government), but it isnt yet complete. I now pay some of my suppliers in RMB or pounds. The odd one still insists on dollars - because they never knew anything different. But this is me, I am a big supporter of de-dollarisation, and I will avoid using it outside the US where I can. I have refused to deal with factories who cannot get out of the dollar rut. But let me tell you that a great many deals done with Chinese factories, including from the UK, are still done in dollars, for now.

So your theory isnt quite correct.
Title: Re: De-Dollarisation.
Post by: Gipsy on March 08, 2016, 10:32:29 AM
Canada uses the Euro when trading with Europe and the Yuan when trading with China. Who is left that would be any large amount of trade. China trades with the UK they usually the Yuan. The UK now even has issued government bonds payable in the Chinese Yuan. The dollar international trade has been getting smaller over the last thirty years. Since 2008 that level of trade has fallen off a cliff.

All this crape that made the dollar artificially high all these years has been very bad for the USA and has killed our manufacturing cost of a lot of jobs and sent our money to China. Up until the last few years Chinese actually promoted it. Now that China no longer has a surplus of dollars so it is no longer to their advantage to promote this. China no longer doing trade in dollars has pretty much killed the dollar in international trade between countries that does not include the USA. This is because China does far more international trade than the USA. As per Manny, even some small African countries are no longer using dollars.

Right now the dollar is strong because the USA is importing more dollars than we are exporting. One day that will change. If the dollar does fall then factories will make more profit in America and we will sell more products in China as well as the rest of the world. That will cause the dollar to rise again and this new rise will be much healthy for the USA than this artificial lift the dollar gets from exporting dollars for international trade.

Canada, like the UK is not yet using the yuan, its very new to them and will take time before it becomes an everyday item..

The dollar has gained in strength mainly due to your own Fed increasing the interest rate, making it aa attractive safe haven for currency holders.

Plus, The US refuses to agree and accept any other currency for its imports/exports than the dollar, thereby artificially increasing its value..

Remember, your country is almost bankrupt, it has about 20t$ debt, and should an investor wish to cash in on Fed bonds, he cannot get his/her money out cash.
Its the same problem with gold holdings, countries who entrusted the US with their gold, cannot get it back in the short term..
If the US did not have any "Wars" to fight, the country would be insolvent.

Don't blame manufacturing, your US bosses saw ways to make more money by moving it to China amongst other places, and it was a highly profitable move, blame them.

Goods made in the US, apart from weaponry/munitions etc, are far too expensive that nobody wants them, think yourself lucky that your Government wanted foreign manufacturers to make their products in the US and financially assisted such moves, otherwise, your "Homemade" brands would be at least 30% more today than they are..
Title: Re: De-Dollarisation.
Post by: WestCoast on March 08, 2016, 12:14:53 PM
Canada uses the Euro when trading with Europe and the Yuan when trading with China. Who is left that would be any large amount of trade. China trades with the UK they usually the Yuan. The UK now even has issued government bonds payable in the Chinese Yuan. The dollar international trade has been getting smaller over the last thirty years. Since 2008 that level of trade has fallen off a cliff.

All this crape that made the dollar artificially high all these years has been very bad for the USA and has killed our manufacturing cost of a lot of jobs and sent our money to China. Up until the last few years Chinese actually promoted it. Now that China no longer has a surplus of dollars so it is no longer to their advantage to promote this. China no longer doing trade in dollars has pretty much killed the dollar in international trade between countries that does not include the USA. This is because China does far more international trade than the USA. As per Manny, even some small African countries are no longer using dollars.

Right now the dollar is strong because the USA is importing more dollars than we are exporting. One day that will change. If the dollar does fall then factories will make more profit in America and we will sell more products in China as well as the rest of the world. That will cause the dollar to rise again and this new rise will be much healthy for the USA than this artificial lift the dollar gets from exporting dollars for international trade.

Canada, like the UK is not yet using the yuan, its very new to them and will take time before it becomes an everyday item..

Let's make this clear to everyone, countries like China and Canada agree to currency swaps but it is companies in the two countries that use each others currencies. 

The dollar has gained in strength mainly due to your own Fed increasing the interest rate, making it aa attractive safe haven for currency holders.

No, US fed interest rate is same as the UK's.

http://www.global-rates.com/interest-rates/central-banks/central-banks.aspx

Plus, The US refuses to agree and accept any other currency for its imports/exports than the dollar, thereby artificially increasing its value..

Gipsey where do you get your info? The US has currency swaps with a number of countries.

http://www.cfr.org/international-finance/central-bank-currency-swaps-since-financial-crisis/p36419#!/?cid=from_interactives_listing

Remember, your country is almost bankrupt, it has about 20t$ debt, and should an investor wish to cash in on Fed bonds, he cannot get his/her money out cash.

Gipsey if you believe the US is broke look up the debt for the UK, it's not much better. The US has the added advantage of being the global reserve currency


Its the same problem with gold holdings, countries who entrusted the US with their gold, cannot get it back in the short term..
If the US did not have any "Wars" to fight, the country would be insolvent.

Don't know why the US won't send gold back to countries such as Germany. The comment about the US being insolvent if it didn't engage in warfare is nonsense. War related GDP is far less than during WW2.

Don't blame manufacturing, your US bosses saw ways to make more money by moving it to China amongst other places, and it was a highly profitable move, blame them.

Goods made in the US, apart from weaponry/munitions etc, are far too expensive that nobody wants them, think yourself lucky that your Government wanted foreign manufacturers to make their products in the US and financially assisted such moves, otherwise, your "Homemade" brands would be at least 30% more today than they are..

Again Gipsey you've got to provide sources for you nonsense. Where do you get the idea that no one wants US manufacturing?

http://www.trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/tg_ian_003364.pdf
Title: Re: De-Dollarisation.
Post by: Gipsy on March 08, 2016, 01:00:34 PM
Canada uses the Euro when trading with Europe and the Yuan when trading with China. Who is left that would be any large amount of trade. China trades with the UK they usually the Yuan. The UK now even has issued government bonds payable in the Chinese Yuan. The dollar international trade has been getting smaller over the last thirty years. Since 2008 that level of trade has fallen off a cliff.

All this crape that made the dollar artificially high all these years has been very bad for the USA and has killed our manufacturing cost of a lot of jobs and sent our money to China. Up until the last few years Chinese actually promoted it. Now that China no longer has a surplus of dollars so it is no longer to their advantage to promote this. China no longer doing trade in dollars has pretty much killed the dollar in international trade between countries that does not include the USA. This is because China does far more international trade than the USA. As per Manny, even some small African countries are no longer using dollars.

Right now the dollar is strong because the USA is importing more dollars than we are exporting. One day that will change. If the dollar does fall then factories will make more profit in America and we will sell more products in China as well as the rest of the world. That will cause the dollar to rise again and this new rise will be much healthy for the USA than this artificial lift the dollar gets from exporting dollars for international trade.

Canada, like the UK is not yet using the yuan, its very new to them and will take time before it becomes an everyday item..

Let's make this clear to everyone, countries like China and Canada agree to currency swaps but it is companies in the two countries that use each others currencies. 

The dollar has gained in strength mainly due to your own Fed increasing the interest rate, making it aa attractive safe haven for currency holders.

No, US fed interest rate is same as the UK's.

http://www.global-rates.com/interest-rates/central-banks/central-banks.aspx

Plus, The US refuses to agree and accept any other currency for its imports/exports than the dollar, thereby artificially increasing its value..

Gipsey where do you get your info? The US has currency swaps with a number of countries.

http://www.cfr.org/international-finance/central-bank-currency-swaps-since-financial-crisis/p36419#!/?cid=from_interactives_listing

Remember, your country is almost bankrupt, it has about 20t$ debt, and should an investor wish to cash in on Fed bonds, he cannot get his/her money out cash.

Gipsey if you believe the US is broke look up the debt for the UK, it's not much better. The US has the added advantage of being the global reserve currency


Its the same problem with gold holdings, countries who entrusted the US with their gold, cannot get it back in the short term..
If the US did not have any "Wars" to fight, the country would be insolvent.

Don't know why the US won't send gold back to countries such as Germany. The comment about the US being insolvent if it didn't engage in warfare is nonsense. War related GDP is far less than during WW2.

Don't blame manufacturing, your US bosses saw ways to make more money by moving it to China amongst other places, and it was a highly profitable move, blame them.

Goods made in the US, apart from weaponry/munitions etc, are far too expensive that nobody wants them, think yourself lucky that your Government wanted foreign manufacturers to make their products in the US and financially assisted such moves, otherwise, your "Homemade" brands would be at least 30% more today than they are..

Again Gipsey you've got to provide sources for you nonsense. Where do you get the idea that no one wants US manufacturing?

http://www.trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/tg_ian_003364.pdf

Westy, your blind patriotism to both the US and Canada are commendable..

The US is paying out more than it has coming in, GDP- debt 103%, if a company was in that position, it would be classed as bankrupt.

The UK is much less, about 85% of GDP.

Difference here is that US debt is around 20t$, whereas the UK's is around £1,3t..

I do know what their respective interest rates are, but you must admit, that when the fed increased from 0.25 to 0.5, there was a rather large influx of investment in $.

I also have some knowledge of currency swops thank you, but this was not the subject of discussion.

As far as being the "Global currency" well that's getting more and more debateable every day, hence why countries (Including your own) are looking more to "Hedging their bets" and using alternative currencies.

As far as your war related costs being less than WW2, well, that's just total bullshit, AND I am sure that you know it, as an example, just look at the costs of new aircraft to the US, and please remember, that much of the war costs was, and is still being carried by others and not the US....

Regarding the German gold, well that's farcical, nothing to do with the war, the US has openly stated that it cannot find the gold, and must re-pour it as it doubts the fineness of the gold, look it up..

When I spoke about US manufacturing, I was addressing the US internal market as you may well have understood, but your wish to try to discredit whatever I write overrode your understanding, please take more care next time..

Finally, anything that I write is my view/opinion, I have no need to go searching the internet for information to justify this, and I must say that I am happy that you were never my financial advisor.

Enjoy your day..
Title: Re: De-Dollarisation.
Post by: Gipsy on March 09, 2016, 04:24:33 AM
Westy


Some propaganda with an element of truth just for you..

http://sputniknews.com/business/20160308/1035978575/us-national-debt-russia-role.html


On a more serious note, kindly give your prognosis to the 2 following scenario's..

1, When the fed meets in march, they will leave the current level of interest rate, if so, what will be the "result" for the US economy..

2, When the fed meet in march, they will raise the interest rate by 0.25%, if so, what will the "Result" be for the US economy..

Just your opinion on both scenario's, no anecdotal evidence from the internet required.

Thank you in anticipation.
Title: Re: De-Dollarisation.
Post by: andrewfi on March 09, 2016, 04:57:27 AM
As a brief commentary to the Sputnik piece:

As we should already know the more money there is in an economy the more prices rise (absent a corresponding increase in economic productivity) This, general increase in prices is inflation, indeed, it is the very definition of inflation.

The 'trick' that the USA has used for several decades is to create money through expanded debt which is used to meet domestic requirements but because the dollar is used for settlements of international trade obligations a very large part of the increase in dollar supply is exported from the US national economy. In this way the supply of dollars increases but because the dollars are removed from the domestic economy their effect upon inflation is reduced.

This simple reality is the underlying mechanism for the effects described in the Sputnik piece.

The danger to the US economy is the repatriation of these overseas dollars. If dollars are used less in international trade then the requirement for companies and states to hold them reduces. When those dollars are sold for whatever the previous holders want to buy (other currencies, US based assets, US exports) those dollars end up repatriated to the US national economy.

When these dollars end up back in the US national economy they end up increasing the national money supply, prices rise as a result and we see increased inflation.

This is the underlying reason why the US has fought wars to stop the use of dollars in international trade.

The article describes this situation as a Ponzi scheme, and, indeed it is similar to one! Holders of US dollars as currency or debt all understand that the process of repatriation results in inflation and thus that the purchasing power of each dollar will tend to decrease the longer that it is held. This means that each transaction that the holders undertake in order to obtain maximum value for their dollars is actually contributing to the future devaluation of the very currency they are holding.
In such a situation the best strategy is that of 'first loss, best loss' whereby holders aim to liquidate their holdings before other holders are able to do so. This will lead, inevitably to a more and more rapid process of repatriation and consequent devaluation.

At the moment we are in a position whereby the US has taken action to strengthen the currency which is acting as a perverse incentive to holders to liquidate now rather than later. The increased interest rates though also reflect the reality that the purchasing power of the dollar is expected to decline - interest can be seen as the cost of money or the risk of holding it. The higher the interest (rate of return) the greater the implied risk in the transaction. In order to persuade lenders to take on US debt the FED has had to increase the rate of return they pay out. This is an ideal time for China, Russia and others to reduce their exposure to the dollar because they get a 'good price'.

What we are seeing is that the US is following a dual path, two incompatible sets of goals. One set of goals requires that the dollar be priced to attract sales of dollars (high interest rates) and the other set of goals requires that the world continues to buy and hold US dollars. The same mechanism (high interest rates) serves both sets of goals but the two sets of goals can not stably co-exist. Something will break and whatever breaks the effect upon the national economy is not good.
Title: Re: De-Dollarisation.
Post by: Texan77 on March 09, 2016, 07:58:35 AM
The USA dollar will in all likelihood continue to deflate in the near term meaning the next few years. Andrew you must understand that we have a eight to ten year cycle where we have a recession. This one is likely to be worse than most as we have ten thousand people in the USA retiring everyday. We have a junk bond market which is fragile and likely will not be able to stand the stress of a above normal recession. At this time the boom experienced by the minimum wage worker is driving them back into the house buying market. This is still another sign that the economy is in late stages of the recovery. When the recession starts money will be destroyed by failing loans and make the dollar to still be in short supply in spite of the currency returning to the USA. The other thing that is making the dollar in short supply is money hoarding. Bank interest is so low, many retires are used their "mattress" as a bank. Why risk a bank failure if the bank pays no interest. This hoarded money is also money that is coming out of circulation.

What the government has done with all the extra money has spent it on entitlements. Our bloated health care system is the most expensive in the world. What we have done with all this money is let politicians buy votes. Before my mother died she had a stroke. She was in and out of the hospital for six month before she died. It was real nice the way the government took care of her. The other side of the coin it cost 1.5 million dollars the USA paid for her care. Something like this is what happen nearly when every retired America dies. With ten thousand people retiring everyday you can see the problem. There is no way it can be paid for. Some artificial prop of the system will not be good neither.

The petro dollar was really very bad for the USA. On the surface it seem good and I sure you can find many writers that will say the USA would never survived without it. But the truth it promoted energy consumption above what it needed to be making our balance of payments worse every time the price spiked. This created world wide oil shortages and caused recessions that would not of needed to be as bad both here and abroad.

The concept of us buying stuff from China and then the Chinese hoard our money was never good for the USA. It just kept the price of Chinese products low and that is why the Chinese did it. It cause more factories to move to China and help build their country. The Chinese bought everything in dollars and promoted dollar trade to keep the value of our money up also to make their products cheap in America. It is really good all of this is coming to an end. It just now China is in such trouble that it currency still does not rise. In all likelihood when we have a recovery from the next recession Chinese products will no longer be cheap. This maybe the price inflation you are talking about. It will be good for the USA also and improve our balance of payments.

Our minimum wage worker is really experiencing a boom in the USA now. Three years ago or so they really got the minimum wage of $7.50 and work under thirty hours per week. Now most are getting ten dollars and working about 40 hours. This is a huge increase and is what is causing my business to do so well. We have created so many minimum wage jobs that there is not enough workers to fill them. Do the math. A young couple working at fast food can make over 3000 dollars a month. It has caused my rents to go up and my vacancies to do down.
Title: Re: De-Dollarisation.
Post by: WestCoast on March 09, 2016, 10:22:40 AM
Westy


On a more serious note, kindly give your prognosis to the 2 following scenario's..

1, When the fed meets in march, they will leave the current level of interest rate, if so, what will be the "result" for the US economy..

If the fed does nothing and the interest rate stays at 0.5% the US economy will continue on as usual. For businesses this is what most want to happen. By keeping the interest rate low business can borrow at low interest rates.

2, When the fed meet in march, they will raise the interest rate by 0.25%, if so, what will the "Result" be for the US economy..

If the fed raises the interest rate by 0.25% and I can't see the fed raising the rate by more than 0.25% then the American economy will change very little. Yes, the borrowing rate will increase and some very few businesses will go out of business and some very few people won't be able to borrow to buy a car or house. However, an increase of 0.25% will do very little harm to the US economy as a whole.

On the upside if the fed interest rate goes up than the rate banks give for savings may go up. I say may because with such a small hike some banks are sometimes slow to increase the rate for savings or don't pass on the full increase.

Of course these are just my opinions.
 
Title: Re: De-Dollarisation.
Post by: Gipsy on March 09, 2016, 10:29:30 AM
Westy


On a more serious note, kindly give your prognosis to the 2 following scenario's..

1, When the fed meets in march, they will leave the current level of interest rate, if so, what will be the "result" for the US economy..

If the fed does nothing and the interest rate stays at 0.5% the US economy will continue on as usual. For businesses this is what most want to happen. By keeping the interest rate low business can borrow at low interest rates.

2, When the fed meet in march, they will raise the interest rate by 0.25%, if so, what will the "Result" be for the US economy..

If the fed raises the interest rate by 0.25% and I can't see the fed raising the rate by more than 0.25% then the American economy will change very little. Yes, the borrowing rate will increase and some very few businesses will go out of business and some very few people won't be able to borrow to buy a car or house. However, an increase of 0.25% will do very little harm to the US economy as a whole.

On the upside if the fed interest rate goes up than the rate banks give for savings may go up. I say may because with such a small hike some banks are sometimes slow to increase the rate for savings or don't pass on the full increase.

Of course these are just my opinions.

Thank you..

What do you think might happen to the Dollar in either 1 of the 2 situations...

I am not trying to trick you, I would just like to hear your opinion..
Title: Re: De-Dollarisation.
Post by: WestCoast on March 09, 2016, 10:49:05 AM
Westy


On a more serious note, kindly give your prognosis to the 2 following scenario's..

1, When the fed meets in march, they will leave the current level of interest rate, if so, what will be the "result" for the US economy..

If the fed does nothing and the interest rate stays at 0.5% the US economy will continue on as usual. For businesses this is what most want to happen. By keeping the interest rate low business can borrow at low interest rates.

2, When the fed meet in march, they will raise the interest rate by 0.25%, if so, what will the "Result" be for the US economy..

If the fed raises the interest rate by 0.25% and I can't see the fed raising the rate by more than 0.25% then the American economy will change very little. Yes, the borrowing rate will increase and some very few businesses will go out of business and some very few people won't be able to borrow to buy a car or house. However, an increase of 0.25% will do very little harm to the US economy as a whole.

On the upside if the fed interest rate goes up than the rate banks give for savings may go up. I say may because with such a small hike some banks are sometimes slow to increase the rate for savings or don't pass on the full increase.

Of course these are just my opinions.

Thank you..

What do you think might happen to the Dollar in either 1 of the 2 situations...

I am not trying to trick you, I would just like to hear your opinion..

I doubt anything will happen to the USD in either situation. A 0.25% rise in the current economic climate simply isn't enough to have much impact.

Title: Re: De-Dollarisation.
Post by: Gipsy on March 09, 2016, 11:01:34 AM
 tiphat
Title: Re: De-Dollarisation.
Post by: Texan77 on March 09, 2016, 04:41:36 PM
Most likely the FED will leave rates where they are but it will be important what insight they give about future rate hikes. The market was pricing in no rates hikes to one rate hike this year. If the market feel after the meeting that their will be more hikes it could sell off. On the other hand if the market feels that the number of rate hikes is correct then the market will look to other data for direction. We had a another good job report which has cause the  stock market recovery to stop for now waiting on getting clues about future rate hikes. If the fed feel our economy can take rate hikes in future then dollar likely to continue to climb short term. If comments are made about possible negative rates the stock market will continue to climb but dollar would likely sell off short term.

If they raise rates this meeting it will be a big surprise to the market and would likely cause a market sell off. What happens after the sell off would depends on what happens in the US economy and what the fed says about future rates hikes.

In the end the amount of rate change is not likely to be big enough to cause a large change in the dollar's value short term. In the end rates are only one factor in the dollar supply and demand equation.
Title: Re: De-Dollarisation.
Post by: cufflinks on March 10, 2016, 05:37:44 PM
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Title: Re: De-Dollarisation.
Post by: Steveboy on March 11, 2016, 03:10:35 PM
Canada uses the Euro when trading with Europe and the Yuan when trading with China. Who is left that would be any large amount of trade. China trades with the UK they usually the Yuan. The UK now even has issued government bonds payable in the Chinese Yuan. The dollar international trade has been getting smaller over the last thirty years. Since 2008 that level of trade has fallen off a cliff.

All this crape that made the dollar artificially high all these years has been very bad for the USA and has killed our manufacturing cost of a lot of jobs and sent our money to China. Up until the last few years Chinese actually promoted it. Now that China no longer has a surplus of dollars so it is no longer to their advantage to promote this. China no longer doing trade in dollars has pretty much killed the dollar in international trade between countries that does not include the USA. This is because China does far more international trade than the USA. As per Manny, even some small African countries are no longer using dollars.

Right now the dollar is strong because the USA is importing more dollars than we are exporting. One day that will change. If the dollar does fall then factories will make more profit in America and we will sell more products in China as well as the rest of the world. That will cause the dollar to rise again and this new rise will be much healthy for the USA than this artificial lift the dollar gets from exporting dollars for international trade.

Canada, like the UK is not yet using the yuan, its very new to them and will take time before it becomes an everyday item..

The dollar has gained in strength mainly due to your own Fed increasing the interest rate, making it aa attractive safe haven for currency holders.

Plus, The US refuses to agree and accept any other currency for its imports/exports than the dollar, thereby artificially increasing its value..

Remember, your country is almost bankrupt, it has about 20t$ debt, and should an investor wish to cash in on Fed bonds, he cannot get his/her money out cash.
Its the same problem with gold holdings, countries who entrusted the US with their gold, cannot get it back in the short term..
If the US did not have any "Wars" to fight, the country would be insolvent.

Don't blame manufacturing, your US bosses saw ways to make more money by moving it to China amongst other places, and it was a highly profitable move, blame them.

Goods made in the US, apart from weaponry/munitions etc, are far too expensive that nobody wants them, think yourself lucky that your Government wanted foreign manufacturers to make their products in the US and financially assisted such moves, otherwise, your "Homemade" brands would be at least 30% more today than they are..

Ye no wars to fight = no $$$$ :laugh:

I would recommend this to watch "Zeitgeist addendum" You can watch on Netflix , makes you wonder what a **** world we live in..
Title: Re: De-Dollarisation.
Post by: andrewfi on March 11, 2016, 11:16:38 PM
Cufflinks, as I recall they've been hawking that report for a couple of years now. The companies still haven't gone bust and the sky has not fallen.

How many times have you bought the document? :)

The processes involved are longer term than the time horizon of Agora copy writers or the mugs that they help to fleece.
Title: Re: De-Dollarisation.
Post by: Manny on March 12, 2016, 08:56:25 AM
A very interesting article on RT which touches on the subject matter indirectly: https://www.rt.com/op-edge/330053-ruble-russia-economy-china/
Title: Re: De-Dollarisation.
Post by: Texan77 on March 12, 2016, 02:08:21 PM
A very interesting article on RT which touches on the subject matter indirectly: https://www.rt.com/op-edge/330053-ruble-russia-economy-china/

How come Russia can let the Ruble go and still fight wars but the US can not? Gee, I like the way the blame the USA for Russians taking money out of the country and lower oil prices.   
Title: Re: De-Dollarisation.
Post by: WestCoast on March 12, 2016, 02:58:30 PM
A very interesting article on RT which touches on the subject matter indirectly: https://www.rt.com/op-edge/330053-ruble-russia-economy-china/

Manny the author of the article is not even quoting sources for comments such as "There is no question Masters of the Universe operatives are behind the collapse in oil and ruble prices. Somewhat it’s a repeat of the scenario in mid-2014, when the oil price crashed and there was no visible increase in output; what happened was the - invisible - dumping of seven million barrels a day of Gulf oil under orders by the Masters of the Universe, according to surefire (American) banking sources."

First of all, if you check output for American oil production you'll find a significant increase in oil production (https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W), so he's wrong on his point of "no visible increase in output".

Second, if Gulf countries dumped "seven million barrels a day of Gulf oil under orders by the Masters of the Universe" that would equal tens of billions of USD in lost revenue, from mid 2014 to now, for the countries involved. How would the US manage to convince these Gulf countries to do it?

You keeping saying the US has lost its influence. It would take considerable influence to get several Gulf states to deprive themselves of tens of billions of USD (collectively) in revenue. No hint of the benefits these Gulf states would receive in exchange for the lost tens of billions of USD (collectively) in revenue.

Third he states "what happened was the - invisible - dumping of seven million barrels a day of Gulf oil under orders by the Masters of the Universe, according to surefire (American) banking sources." He claims a "surefire (American) banking source" but gives no names, absolutely nothing. As Andy has said those unnamed sources are worthless and have next to nothing in the way of credibility. IOW he's making stuff up.
Title: Re: De-Dollarisation.
Post by: Texan77 on March 12, 2016, 04:25:59 PM
Apparently not everyone in Russia is doing well.

http://www.msn.com/en-us/money/markets/economic-woes-ripple-across-russias-heartland/ar-AAgDb8Z?li=BBnbfcN&ocid=U218DHP
Title: Re: De-Dollarisation.
Post by: yankee on March 12, 2016, 07:30:59 PM
Apparently not everyone in Russia is doing well.

http://www.msn.com/en-us/money/markets/economic-woes-ripple-across-russias-heartland/ar-AAgDb8Z?li=BBnbfcN&ocid=U218DHP

My wife just talked with a girl friend that lives in Kirov.  Local food is now very cheap and lots of it.  If one wants foreign food; yes it is more expensive.
Title: Re: De-Dollarisation.
Post by: Anteros on March 12, 2016, 07:52:52 PM
Apparently not everyone in Russia is doing well.

http://www.msn.com/en-us/money/markets/economic-woes-ripple-across-russias-heartland/ar-AAgDb8Z?li=BBnbfcN&ocid=U218DHP

My wife just talked with a girl friend that lives in Kirov.  Local food is now very cheap and lots of it.  If one wants foreign food; yes it is more expensive.

Glad to hear that the local people of Kirov are doing fine.  Personally I hope that whoever is the next President of the US can find a way to negotiate some sort of settlement with Russia and end the sanctions.  I suggest Russia move all heavy weapons and any other sort of military support for Donetsk and Lugansk "peoples republics" (misnomers) in exchange for ignoring that they took Crimea back.
Title: Re: De-Dollarisation.
Post by: Gipsy on March 13, 2016, 12:00:48 AM
Apparently not everyone in Russia is doing well.

http://www.msn.com/en-us/money/markets/economic-woes-ripple-across-russias-heartland/ar-AAgDb8Z?li=BBnbfcN&ocid=U218DHP

My wife just talked with a girl friend that lives in Kirov.  Local food is now very cheap and lots of it.  If one wants foreign food; yes it is more expensive.

To be fair, the only foreign food which is expensive is Swiss cheese..

Food, from wherever, Local or Foreign, is in the majority very cheap.

For example, yesterday I bought a fresh chicken breast on the bone, it weighed 2kg, and cost 160r, nice Saturday and todays dinner, very tasty.

Some veggies are difficult to find out of the Russian season, eg, Brussel sprouts, turnip/swede, string beans, and one has to make do with the frozen variety.

I also bought new potatoes, origin Syria, 22r/kg very good taste, and cheaper than old Russian potatoes at 27r/kg.

HTH
Title: Re: De-Dollarisation.
Post by: Gipsy on March 13, 2016, 12:15:09 AM
Apparently not everyone in Russia is doing well.

http://www.msn.com/en-us/money/markets/economic-woes-ripple-across-russias-heartland/ar-AAgDb8Z?li=BBnbfcN&ocid=U218DHP

That's a fact, but, crane manufacturing world wide is in depression, so reporting such about Russia is IMHO incorrect.

What people in the big wide world should try to understand, is that Russian manufacturing is still bound by Soviet legacies, which means that many companies are over staffed in comparison to its output, well above 40%, I see is every week in companies which I visit.

Its a sad situation, because there are going to be more redundancies and bankruptcies in inefficient companies, which in reality, is about time, and something that the current world wide financial/economic situation has brought to light.

Russia must become more competitive and efficient, and to do that, people will lose their jobs.
Title: Re: De-Dollarisation.
Post by: Wiz on March 13, 2016, 12:57:13 AM
A very interesting article on RT which touches on the subject matter indirectly: https://www.rt.com/op-edge/330053-ruble-russia-economy-china/

Manny the author of the article is not even quoting sources for comments such as "There is no question Masters of the Universe operatives are behind the collapse in oil and ruble prices. Somewhat it’s a repeat of the scenario in mid-2014, when the oil price crashed and there was no visible increase in output; what happened was the - invisible - dumping of seven million barrels a day of Gulf oil under orders by the Masters of the Universe, according to surefire (American) banking sources."

First of all, if you check output for American oil production you'll find a significant increase in oil production (https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W), so he's wrong on his point of "no visible increase in output".

Second, if Gulf countries dumped "seven million barrels a day of Gulf oil under orders by the Masters of the Universe" that would equal tens of billions of USD in lost revenue, from mid 2014 to now, for the countries involved. How would the US manage to convince these Gulf countries to do it?

You keeping saying the US has lost its influence. It would take considerable influence to get several Gulf states to deprive themselves of tens of billions of USD (collectively) in revenue. No hint of the benefits these Gulf states would receive in exchange for the lost tens of billions of USD (collectively) in revenue.

Third he states "what happened was the - invisible - dumping of seven million barrels a day of Gulf oil under orders by the Masters of the Universe, according to surefire (American) banking sources." He claims a "surefire (American) banking source" but gives no names, absolutely nothing. As Andy has said those unnamed sources are worthless and have next to nothing in the way of credibility. IOW he's making stuff up.

An excellent article in my view and if you don't understand what he says..... than you never been a bankster neither have a clue about any geopolitics and more importantly you have no idea about Russia.

Let me make it simple for you:

The US in its effort to become self sufficient in oil, financed with junk bonds (high risk and large profits) the Fracking industry nearly achieved it. If you remember the US also offered to supply Europe with Gas but in LNG version, without the facilities ready to liquid the gas neither port facilities for the LNG tankers. End result more expensive gas than buying via pipes from Russia and under contract!

Nigeria was supplying the US with a million barrels a day and the Saudis with 7 million barrels. So these oil producers had to find customers….. China with its high energy demands comes into play…. and of course it would not pay the old prices. Old oil providers in China will not let them dumping their oil … so prices started going down and down.

With prices going lower than the production costs of the fracking industry very soon, many of them started closing down in Texas and oil prices changed direction. Of course the Saudis/Nigeria will accept whatever currency is been offered. Over a year a go the Turkish Government accused Greek ship owners that were buying oil from ISIS at very cheap price, loaded at a Turkish port in SE Turkey and were deliver it to Israel.

Now if you really want to know the problems Putin is facing inside Russia with the Bank of Russia…… visit the Saker site and find the article.

Putins biggest Failure (http://thesaker.is/putins-biggest-failure/)

As about the stability and stregth of the Russian economy read:

Russia's $3 Billion Eurobond Offering Proves Sanctions Are Pointless (http://russia-insider.com/en/business/russia-floats-3-billion-eurobond/ri13280?utm_source=Russia+Insider+Daily+Headlines&utm_campaign=5b69e87df5-Russia_Insider_Daily_Headlines11_21_2014&utm_medium=email&utm_term=0_c626db089c-5b69e87df5-227213477&ct=t%28Russia_Insider_Daily_Headlines11_21_2014%29&mc_cid=5b69e87df5&mc_eid=da9ae1910f)

GIPSY

Wih your posts proved that Russia is becoming self sufficient and has cheap imports.... too

Our cost here is going up and up by the day!
Title: Re: De-Dollarisation.
Post by: msmoby on March 13, 2016, 01:29:01 AM
Wiz,

if YOU think the sanctions are pointless...I'd enrol in an basic  course in economics..

They are targeted at individuals or organisations who were in involved in / supported the military occupation needed to hold the 'referendum'.

2 years on - it' should be clear to you - it's more about the how it was done, rather than than the outcome.

The man in the street calls the current economic situation a crisis...  that's what it's called on TV ... 

According to Wiz - who's not BEEN there for years, Putin's handling things just great ....

if imports are so 'cheap' - bearing in mind the buying power of the ( approx 2.5 times weaker rouble )  and Russia is becoming self-sufficient - why have prices shot up - so much ?

Why isn't Russia exporting more - taking advantage of a weak currency ?


Title: Re: De-Dollarisation.
Post by: Texan77 on March 13, 2016, 08:44:07 AM

Why isn't Russia exporting more - taking advantage of a weak currency ?

Why is Russia not export more cranes. Their cranes should cost much less than any bodies else's crane in the world.

You guys have got to know about the double standard here. If the USA is experiencing a difficult time you guy think USA way of life is ending. It Russia is experiencing a hard time it is merely growing. If I write the USA needs to see an end to all the phony support of the dollar to make the USA a better place no body can see that. You guys got it backward, it is the phony support of the dollar that ends all exports other than the export of dollars. All you guys are on the belief that the USA will cease to be a world power when the phony support is taking away. I believe that that will be the beginning to the USA beginning to rebuild anew. Yes some jobs loses and other growing pains maybe a long the way but it will be great for the USA. This business that we will no longer be able to fight any wars is also silly. I wonder where you guys got that silly propaganda from.

Thank you Manny for doing you share to help make the USA be more competitive by not trading in our dollars. 
Title: Re: De-Dollarisation.
Post by: Wiz on March 13, 2016, 11:32:03 AM
Wiz,

if YOU think the sanctions are pointless...I'd enrol in an basic  course in economics..

They are targeted at individuals or organisations who were in involved in / supported the military occupation needed to hold the 'referendum'.

2 years on - it' should be clear to you - it's more about the how it was done, rather than than the outcome.

The man in the street calls the current economic situation a crisis...  that's what it's called on TV ... 

According to Wiz - who's not BEEN there for years, Putin's handling things just great ....

if imports are so 'cheap' - bearing in mind the buying power of the ( approx 2.5 times weaker rouble )  and Russia is becoming self-sufficient - why have prices shot up - so much ?

Why isn't Russia exporting more - taking advantage of a weak currency ?

Moby

I personally, am not claiming to have all the answers, but “A Masters in Finance from Cass University City of London”, in the family and working at the City of London, would be sufficient to you?

In fact, I would consider myself a rookie compared to a Professional Bullshitter with a PhD, like you, that has all the answers. You have infinite knowledge that makes you totally bullet proof in every situation, but the reality is that not even Warren Buffet or Bill Gates, know everything there is to know about everything.

In my previous post, I did not made reference to sanctions and YOU changing completely the subject we are discussing indicate that you need a course in home economics so you can learn how to run a home and a family. Better start singing Waltzing Matilda (https://www.youtube.com/watch?v=CwvazMc5EfE) as your old record is broken.

Despite that I have not visited Russia for awhile I have a family who updates me, almost daily, about the costs and living conditions there. On the other hand “Gipsy”, who lives there and is making posts about it BUT as usual you ignore them, as you know better.

What you fail to understand, Mr PhD Bullshitter, the sanctions most probably has dome more good than harm to Russia. The Russian Government under pressure has changed its tactic and provides more investment to start up agriculture business thus making the country more self sufficient.

I don’t think you understand the importance of a country to be self sufficient and becoming able to feed it’s people without relying mostly in imports. It does not only save in currency reserves but also its trading deficit is in surplus. That is basic economics for you Mr PhD Bullshitter.

Finally, why the US is buying Rocket engines from Russia and ordered more?
Title: Re: De-Dollarisation.
Post by: Ste on March 13, 2016, 11:48:06 AM


Finally, why the US is buying Rocket engines from Russia and ordered more?

The Rocket engine is BRITISH!!

(http://vignette3.wikia.nocookie.net/ttte/images/6/67/Stephenson'sRocketReplica.jpg/revision/latest?cb=20150528202851)
Title: Re: De-Dollarisation.
Post by: Gipsy on March 13, 2016, 12:51:55 PM
Wiz,

if YOU think the sanctions are pointless...I'd enrol in an basic  course in economics..

They are targeted at individuals or organisations who were in involved in / supported the military occupation needed to hold the 'referendum'.

2 years on - it' should be clear to you - it's more about the how it was done, rather than than the outcome.

The man in the street calls the current economic situation a crisis...  that's what it's called on TV ... 

According to Wiz - who's not BEEN there for years, Putin's handling things just great ....

if imports are so 'cheap' - bearing in mind the buying power of the ( approx 2.5 times weaker rouble )  and Russia is becoming self-sufficient - why have prices shot up - so much ?

I do not agree with this comment, prices have increased but in relation to currency weakening and market forces, not that big an increase.

Why isn't Russia exporting more - taking advantage of a weak currency ?

There are inherent problems restricting Russian exports which are out of the control of the majority of manufacturers, these are,
-Lack of rail trucks/vans/containers.
-Lack of train engines/drivers.
-Lack of unloading/loading facilities at the sea ports.
-Lack of road containers.
-Lack of sea ports.
-Lack of ships.

There are to the best of my knowledge, in excess of 15,000 rail trucks/vans/containers sitting waiting to be unloaded and re-loaded onto ships at the far eastern ports alone.

There are about 5,000 fully loaded rail trucks/vans/containers sitting on the eastern side of the Urals waiting for engines/drivers to move them.

Other Russian sea ports are fully backed up with good waiting for further transportation to destinations around the world.

One should also realise, that, companies which have built these goods, have paid for the materials, the costs of manufacturing/production etc, but cannot get paid until delivery.

Many of these exporting manufacturers/producers, cannot get the produce out of their warehouses, they cannot get rail cars etc nor containers, there are too few available, and have to be ordered many months before they become available.

So its not just as simple as saying "Why not export more"
Title: Re: De-Dollarisation.
Post by: Gipsy on March 13, 2016, 12:52:22 PM


Finally, why the US is buying Rocket engines from Russia and ordered more?

The Rocket engine is BRITISH!!

(http://vignette3.wikia.nocookie.net/ttte/images/6/67/Stephenson'sRocketReplica.jpg/revision/latest?cb=20150528202851)

 tiphat
Title: Re: De-Dollarisation.
Post by: Wiz on March 13, 2016, 01:16:28 PM
Gibsy

Tell that PhD Bullshitter, Noby, that Rome was not build in a day!

Thanks for reporting accurate and up todate information, who the PhD Bullshitter ignores.

 tiphat
Title: Re: De-Dollarisation.
Post by: Manny on March 13, 2016, 05:15:08 PM
Thank you Manny for doing you share to help make the USA be more competitive by not trading in our dollars.

When it gets to $2/£1 again, I'll be buying stuff made in the US again.

But I will continue to try to avoid them outside the US.
Title: Re: De-Dollarisation.
Post by: Texan77 on March 14, 2016, 07:56:44 AM
Thank you Manny for doing you share to help make the USA be more competitive by not trading in our dollars.

When it gets to $2/£1 again, I'll be buying stuff made in the US again.

But I will continue to try to avoid them outside the US.

I actually doubt if it will have any thing to do with the dollar to pound ratio and everything to do with the Yuan to dollar ratio. When it is 4 Yuan to the dollar every thing in China will not seem so cheap any more. If China had not bought so many dollars the exchange rate would been about 4 Yuan per dollar. That is why they bought all of these dollars. If they didn't they would never grown so much. This is what killed Japan. It used to be 360 Yen to the dollar when I visited there. When it change to 120 Yen to the dollar they continue to grow for a while but then when it ended it was totally over. When De dollarization happens the Chinese Yuan becomes stronger most of the factories will leave China and many will go to the small cheaper countries that are near by. A others will return to the USA. The other Asian country will set their currency peg to Yuan so no matter what China does their currency will be expensive. This has already started to happen. Trump plans to end cheap import. Andrew keep saying the prices in America will rise. That is the plan. Make USA products competitive.
Title: Re: De-Dollarisation.
Post by: Ste on March 14, 2016, 08:24:20 AM
Wiz and Moby discussing The Industrial Revolution...

Title: Re: De-Dollarisation.
Post by: Gipsy on March 14, 2016, 09:42:28 PM
Gibsy

Tell that PhD Bullshitter, Noby, that Rome was not build in a day!

Thanks for reporting accurate and up todate information, who the PhD Bullshitter ignores.

 tiphat

MOBY,

Rome was not built in a day.
Title: Re: De-Dollarisation.
Post by: Gipsy on March 14, 2016, 09:45:28 PM
Thank you Manny for doing you share to help make the USA be more competitive by not trading in our dollars.

When it gets to $2/£1 again, I'll be buying stuff made in the US again.

But I will continue to try to avoid them outside the US.

Suggest that you get your roubles now in preparation for your visit, the rouble has strengthened to about 95r/£, and will most probably continue to do so...
Title: Re: De-Dollarisation.
Post by: Wiz on March 15, 2016, 03:28:04 AM
Thank you Manny for doing you share to help make the USA be more competitive by not trading in our dollars.

When it gets to $2/£1 again, I'll be buying stuff made in the US again.

But I will continue to try to avoid them outside the US.

Suggest that you get your roubles now in preparation for your visit, the rouble has strengthened to about 95r/£, and will most probably continue to do so...

It does strengthening from 111 Rubles few days back.

Right now is: 1.00 GBP   =   100.255 RUB

Maybe after that last move by Putin.... will become much stronger.
Title: Re: De-Dollarisation.
Post by: Gipsy on March 15, 2016, 03:35:48 AM
Thank you Manny for doing you share to help make the USA be more competitive by not trading in our dollars.

When it gets to $2/£1 again, I'll be buying stuff made in the US again.

But I will continue to try to avoid them outside the US.

Suggest that you get your roubles now in preparation for your visit, the rouble has strengthened to about 95r/£, and will most probably continue to do so...

It does strengthening from 111 Rubles few days back.

Right now is: 1.00 GBP   =   100.255 RUB

Maybe after that last move by Putin.... will become much stronger.

Yup, but you won't get that changing money or using a card at an atm, you will only get about 95r/£..
Title: Re: De-Dollarisation.
Post by: Texan77 on March 15, 2016, 03:48:46 AM
The ruble has been moving in sync with oil. Oil has been making a recovery so one would expect that the Ruble would too. Putin has been trying to get Iran to limit out put. China is importing more oil also.
Title: Re: De-Dollarisation.
Post by: msmoby on March 18, 2016, 12:37:59 AM
The ruble has been moving in sync with oil. Oil has been making a recovery so one would expect that the Ruble would too. Putin has been trying to get Iran to limit out put. China is importing more oil also.

^^^^^^^

Wiz, tells us he learns from his relative - he [ clearly ]  isn't listening..
Title: Re: De-Dollarisation.
Post by: Wiz on March 19, 2016, 06:41:10 AM
The ruble has been moving in sync with oil. Oil has been making a recovery so one would expect that the Ruble would too. Putin has been trying to get Iran to limit out put. China is importing more oil also.

^^^^^^^

Wiz, tells us he learns from his relative - he [ clearly ]  isn't listening..

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: msmoby on March 19, 2016, 07:01:19 PM



You sound like a broken record

Better you addressed the point made.. than copying and pasting the scribes of others in inappropriate threads... without even attributing the author's efforts..



.

Title: Re: De-Dollarisation.
Post by: Wiz on March 19, 2016, 10:57:31 PM



You sound like a broken record

Better you addressed the point made.. than copying and pasting the scribes of others in inappropriate threads... without even attributing the author's efforts..

I have already, twice adressed the subject in my posts 384 and 397.

If you did not noticed or understood .... not my problem.  :P :P :P

You still continue playing your broken record about Crimea ............. :Zzzzsleep:
Title: Re: De-Dollarisation.
Post by: msmoby on March 22, 2016, 12:41:08 AM
Wiz and Moby discussing The Industrial Revolution...


The hilarious thing about Wiz and my 'spats' is he end up lecturing me on historical events that often ends up proving he agrees with me  :-X
Title: Re: De-Dollarisation.
Post by: msmoby on March 25, 2016, 06:10:06 PM

I still take them, but make sure to get out of them fast. I am slowly getting the Chinese I deal with out of the habit of using them.



Manny's started this thread some time ago and as I've been in SE Asia and looked at booking fights to China - wondered why their airline sites default to USD  -  when I was trying to book from a Thai ip address ?... :coffeeread:

Title: Re: De-Dollarisation.
Post by: cufflinks on March 28, 2016, 11:10:48 AM
The USD is dead - long live the USD.
Title: Re: De-Dollarisation.
Post by: Manny on March 28, 2016, 11:18:48 AM
The USD is dead - long live the USD.

In Thailand.  :chuckle:
Title: Re: De-Dollarisation.
Post by: cufflinks on April 14, 2016, 10:19:10 AM
Something to warm the cockles of the RUA feral anti yank waankers mucking here about:

America's Day of Reckoning:

http://pro.strategicinvestment.com/NDPCUR1/ENDPS437/

New Evidence Reveals That a Stealthy Alliance of 57 Nations Has Formed With the Intent to Undermine America. See Who They Are, Their Exact Scheme and What This Rogue Economist is Doing to Prepare for the Inevitable!
Title: Re: De-Dollarisation.
Post by: cufflinks on April 14, 2016, 11:21:03 AM
Something to warm the cockles of the RUA feral anti yank waankers mucking here about:

America's Day of Reckoning:

http://pro.strategicinvestment.com/NDPCUR1/ENDPS437/

New Evidence Reveals That a Stealthy Alliance of 57 Nations Has Formed With the Intent to Undermine America. See Who They Are, Their Exact Scheme and What This Rogue Economist is Doing to Prepare for the Inevitable!

Fear not there is a Day of Reckoning Survival Kit

https://orders.strategicinvestment.com/NDPCUR1/ENDPS437/index.htm?pageNumber=2

Internet marketing that would make Lord Afi proud:

It’s Too Late For Washington To Reverse Course And Avoid America’s Day Of Reckoning

But it’s not too late for you,
As long as you take action right now!

Dear Friend,

There is nothing — absolutely nothing — that Washington can do to stave off the financial bloodshed that will be unleashed on millions of Americans as the dollar is dethroned.

For the unprepared, investment accounts will suffer as the stock market plummets 60% (or more), streets will be littered with foreclosed signs as millions are evicted from their once-cherished homes that were suddenly stripped of 50% of their value, millions more will be decimated as unemployment triples, while those on the sidelines, who think they are out of harm’s way, will be shocked as their life savings are vaporized by as much as 80%.

In over 30 years as an economist, I’ve predicted some of the biggest economic and geopolitical events in our lifetime, but I’ve never been more confident — than I am now — about what’s to come.

Remember, in 1987, I was one of the first to sound the alarm that the Soviet Union was about to collapse ... in 1989, I predicted the Japanese depression that struck just one year later ... I predicted the dot-com crash in 1999 … and I predicted the subprime mortgage crises, along with the collapse of the real estate market, years in advance.

Washington, Wall Street and most of America have ignored my dire warnings; to do it again would be a very dangerous risk to take.

And while America’s day of reckoning is unavoidable, there are practical ways to prepare — at this very moment — so that you can stay safe, and even prosper.

That’s why you are taking action today — and not sitting idly by as everything you’ve ever worked for is stripped away in the blink of an eye.

This is precisely why I have prepared the Day of Reckoning Survival Plan.

It’s the same plan my family and I are already putting in place to stay safe and prosper as America’s day of reckoning unfolds...
Title: Re: De-Dollarisation.
Post by: Gipsy on April 14, 2016, 11:54:30 AM
^^ 57, seems like a new product from Heinz...
Title: Re: De-Dollarisation.
Post by: Manny on April 14, 2016, 01:34:17 PM
Something to warm the cockles of the RUA feral anti yank waankers mucking here about:

America's Day of Reckoning:

http://pro.strategicinvestment.com/NDPCUR1/ENDPS437/

New Evidence Reveals That a Stealthy Alliance of 57 Nations Has Formed With the Intent to Undermine America. See Who They Are, Their Exact Scheme and What This Rogue Economist is Doing to Prepare for the Inevitable!

Interesting video. Most of it like music to my ears.  :-*

[attachimg=1]

[attachimg=2]
Title: Re: De-Dollarisation.
Post by: Wiz on April 14, 2016, 03:58:46 PM
Something to warm the cockles of the RUA feral anti yank waankers mucking here about:

America's Day of Reckoning:

http://pro.strategicinvestment.com/NDPCUR1/ENDPS437/

New Evidence Reveals That a Stealthy Alliance of 57 Nations Has Formed With the Intent to Undermine America. See Who They Are, Their Exact Scheme and What This Rogue Economist is Doing to Prepare for the Inevitable!

Interesting video. Most of it like music to my ears.  :-*

So we see the last legs of the American Empire, according to the Video, something we were talking ... for very long time now.

Putin was right calling the Empire, Parasites...... and repeated the same today in his interview on RT. Have you heard that the Russian reserves went up, despite the fall in price of the Ruble, oil and gas?

Gold reserve are up again in Russia...... so this time the American's cannot Bankrupt Russia.

Putin warned then already in Munich, in 2006 and he was prepared for their attack.

Where is that friend of yours... the one claiming to be an ex banker? :chuckle:

BTW a Greek economist, Dimitris kazakis, has been talking about it, for 2 years now... but everybody has been ignoring him, especially the Greek TV channels. :nod:
Title: Re: De-Dollarisation.
Post by: Texan77 on April 14, 2016, 06:21:49 PM
Guys you have no idea what you talking about. Maybe you should buy this guys stuff and get rich investing in America collapse.

First thing that would happen if any of this happened is our oil consumption would drop off a cliff and the world oil price would be very low as the US would become an oil exporter. The second thing that would happen is we would be forced to stop importing just about everything. This would collapse China economy more than what it already is. China would have a huge negative trade balance with the US. Dollar trade has been very bad for the US and has killed many of our factories. America product would be the world's cheapest making us a great export nation again. US real estate in most places is already cheap compared to European and many other parts of the world. All kinds of rich people would come here and buy it. The next thing that would happen it would cheap to travel to America and our tourist trade would hugely grow. These guys never tell the other side of the coin. This is just to scare everyone in to buying their information so you save yourselves again scam. This is suppose to start in days.  :ROFL:

If anything this big was really about to happen the US dollar value would be falling off a cliff and it is not. It has retreated a little bit and is still way over valued. You think that most of the world has gotten together to kill the dollar and worlds currency markets does not know about it? This is totally silly. Dream on!!!!

What is much more likely to happen is the next economic cycle will hit and the world will suffer another recession. US growth rates are getting very low and earning reports this month are not expected to be good. But it is not just here, it is most of the world suffering the same problem.
Title: Re: De-Dollarisation.
Post by: B.B. on April 14, 2016, 07:07:37 PM
BTW a Greek economist, Dimitris kazakis, has been talking about it, for 2 years now... but everybody has been ignoring him, especially the Greek TV channels. :nod:

One imagines that when a Greek economist talks about economic catastrophe and failure, one should listen on the basis of Greece's experience with same....
Title: Re: De-Dollarisation.
Post by: Slumba on April 14, 2016, 08:17:53 PM
Long term, all fiat currencies fail.

The Yuan will fail; the Euro will fail; the British pound will fail; the Swedish kroner; and yes, the US Dollar will fail.

When, and which will fall first, is the question. The answer is, nobody knows.

In the meantime, many countries are arming or re-arming, EU is about to be flooded with a "Camp of the Saints" scenario, USA will likely have a pivotal election in November, and China has to figure out a workable strategy, while Russia bumbles along on the edge of sanity (like always, really).  Oh yes, Brexit is coming up too...

If you had asked me in 2008 whether I thought politicians and the Federal Reserve would kick the can as far as 2016, I would have said, no way.

As far as de-dollarisation, I think there is a possibility the Euro will fall first, followed by some of the smaller Euro-dependent currencies; only then will the USD fall. The Federal Reserve is driving this and we don't know their itinerary.
Title: Re: De-Dollarisation.
Post by: Anteros on April 14, 2016, 08:58:42 PM
BTW a Greek economist, Dimitris kazakis, has been talking about it, for 2 years now... but everybody has been ignoring him, especially the Greek TV channels. :nod:

One imagines that when a Greek economist talks about economic catastrophe and failure, one should listen on the basis of Greece's experience with same....

Not so fast.  What is Greece's GDP?  Get the picture?  :ROFL:
Title: Re: De-Dollarisation.
Post by: Anteros on April 14, 2016, 09:11:08 PM
Something to warm the cockles of the RUA feral anti yank waankers mucking here about:

America's Day of Reckoning:

http://pro.strategicinvestment.com/NDPCUR1/ENDPS437/

New Evidence Reveals That a Stealthy Alliance of 57 Nations Has Formed With the Intent to Undermine America. See Who They Are, Their Exact Scheme and What This Rogue Economist is Doing to Prepare for the Inevitable!

Interesting video. Most of it like music to my ears.  :-*

So we see the last legs of the American Empire, according to the Video, something we were talking ... for very long time now.


Keep talking bud.  That's all it is.  Lot's of hot air from "professionals" who try to make a living by saying that the sky is falling.

The only Empire which is on its last legs is the Putin Empire.  I give him a few years.  If a Republican wins the White House and the USA becomes a large oil exporting nation, what is that going to do to the Russian economy?

The Russian economy is already in very poor shape, and Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

I really won't be surprised when the Russian economy goes through another huge collapse like in 1990, if Putin and company are begging to sell Crimea back as well as Kaliningrad (formerly East Prussia).
Title: Re: De-Dollarisation.
Post by: Anteros on April 14, 2016, 09:20:10 PM
The USD is dead - long live the USD.

In Thailand.  :chuckle:

It's still one of the currencies used in British Honduras Belize.  It's also the currency used by Ecuador and Panama. 

Oh, and the center of the Universe, the United States of America.  :laugh:

And then there's the fact that it's still the reserve currency of the World.
Title: Re: De-Dollarisation.
Post by: B.B. on April 14, 2016, 10:05:18 PM
Not so fast.  What is Greece's GDP? 

It's a rounding error.  Like, "Oh, look...someone forgot to carry the 7...."

B/B
Title: Re: De-Dollarisation.
Post by: AvHdB on April 14, 2016, 11:16:18 PM
What an odd lot we are!

Imagine, Cuffy and Manny agreeing, but arguing what is the correct way to pronounce a starchy tuberous nightshade popular in chips. With the exception of the paranoid and conspiracy driven hatred Wiz has of United States (policy) we are more or less echoing the same shall we say notes. The global economy is indeed a precarious house of cards and that is being stressed by both different players and forces with divergent goals.

How this will end, my guess badly. It can not go on forever.

If the next president is pragmatic and solution driven than perhaps either Donny and Bernie might be able to address the different problems with a positive outcome. If it is a dogmatic Cruz or Clinton as Commander in Chief than they will be neither Commander or Chief.
Title: Re: De-Dollarisation.
Post by: Manny on April 15, 2016, 12:08:55 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 12:26:22 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

1.  The USA does not invade neighboring countries on a regular basis as does Russia (Afghanistan, Chechnya, Georgia, Ukraine).

2.  The USA is the leading member of NATO and is there to conduct lawful military drills with Poland, a country with a long history of suffering from Russian invasions and bullying. 

3.  If and when the USA has a new CIC (Commander in Chief, ie President) with a pair of balls, such reckless and provocative actions by Russia (they buzzed a heavily armed Destroyer 20 to 30 times) will be met with an appropriate response.

4.  Winter is coming for Russia's economy.  Their economy is poor, despite wagging the tail of the dog. 

(and Winter is coming for the US economy as well, due to poor leadership and heavy debt!)
Title: Re: De-Dollarisation.
Post by: rosco on April 15, 2016, 01:03:20 AM
Guys you have no idea what you talking about........

The second thing that would happen is we would be forced to stop importing just about everything. This would collapse China economy more than what it already is. China would have a huge negative trade balance with the US. Dollar trade has been very bad for the US and has killed many of our factories. America product would be the world's cheapest making us a great export nation again. US real estate in most places is already cheap compared to European and many other parts of the world. All kinds of rich people would come here and buy it. The next thing that would happen it would cheap to travel to America and our tourist trade would hugely grow.

Not really sure thats how economics work Texan. Some of what you say may be true but that doesn't necessarily mean it'll reinvigorate your economy and make you Billy big bollocks again. Most of this stuff has already happened to the UK and we're no power house because of it......
Title: Re: De-Dollarisation.
Post by: Wiz on April 15, 2016, 01:09:18 AM
BTW a Greek economist, Dimitris kazakis, has been talking about it, for 2 years now... but everybody has been ignoring him, especially the Greek TV channels. :nod:

One imagines that when a Greek economist talks about economic catastrophe and failure, one should listen on the basis of Greece's experience with same....

Just for your information, he has worked for J.B. Morgan and he must know something.

I am not an economist but I happen to noticed his comments much earlier before the 1st Bailout and the IMF getting involved. Most if not all of his predictions came true, so far, comparing him with all other Greek economists who are daily in various Greek TV channels..

Title: Re: De-Dollarisation.
Post by: Markje on April 15, 2016, 01:30:02 AM
1.  The USA does not invade neighboring countries on a regular basis as does Russia (Afghanistan, Chechnya, Georgia, Ukraine).
No they do it far away, Iraq, Afghanistan, Libya, Syria, Egypt... And what success stories, people are glowing in happiness there now. Their most recent success, shared with Europe is Ukraine. Another great country now to live and prosper. Inflation is only 50% ...

Quote
2.  The USA is the leading member of NATO and is there to conduct lawful military drills with Poland, a country with a long history of suffering from Russian invasions and bullying. 
Poland is suffering nothing lately. Hasn't since WW-2 , where all European countries suffered.

Quote
3.  If and when the USA has a new CIC (Commander in Chief, ie President) with a pair of balls, such reckless and provocative actions by Russia (they buzzed a heavily armed Destroyer 20 to 30 times) will be met with an appropriate response.
Even if a new Prez with balls is chosen, see how quickly he/she ends the sanctions and works with putin, because they are immediatly attracted to each others power.

Quote
4.  Winter is coming for Russia's economy.  Their economy is poor, despite wagging the tail of the dog. 
Its a prediction, I don't think it will come true. Same as USA's arab's Springs, that turned to Winter instead.

Quote
(and Winter is coming for the US economy as well, due to poor leadership and heavy debt!)
Now that I can believe, I hope to have saved enough by then to be financially independent.

Mark.
Title: Re: De-Dollarisation.
Post by: Wiz on April 15, 2016, 01:34:47 AM
Not so fast.  What is Greece's GDP? 
It's a rounding error.  Like, "Oh, look...someone forgot to carry the 7...."

B/B

We the Greeks, and the rest of the world, know that Greece is bust, long time ago.

May I asked you to tell me, why the ECB continue lending Greece money and doing everything possible not to go bust OFFICIALLY?

Just for the ignorant Anteros... the Greek GDP, now, is 185 Billion Euros and the Debt is 340 Billion Euros, so there is no way this debt can be serviced or is going to be paid ever.




Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 02:08:37 AM
Not so fast.  What is Greece's GDP? 
It's a rounding error.  Like, "Oh, look...someone forgot to carry the 7...."

B/B

We the Greeks, and the rest of the world, know that Greece is bust, long time ago.

May I asked you to tell me, why the ECB continue lending Greece money and doing everything possible not to go bust OFFICIALLY?

Just for the ignorant Anteros... the Greek GDP, now, is 185 Billion Euros and the Debt is 340 Billion Euros, so there is no way this debt can be serviced or is going to be paid ever.

The ECB was forced to lend money to Greece, as, if it had not, Greece would have gone bust, and many European Banks would have followed.
The money lent to Greece went to paying down this debt.
None of the monies lent were used to boost the Greek economy.

The whole loan system to Greece was only done to stop various countries (Namely Germany), from being hit by large bank defaults.

Unfair really, but there always has to be an ass to kick... :dh:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 02:11:31 AM
1.  The USA does not invade neighboring countries on a regular basis as does Russia (Afghanistan, Chechnya, Georgia, Ukraine).
No they do it far away, Iraq, Afghanistan, Libya, Syria, Egypt... And what success stories, people are glowing in happiness there now. Their most recent success, shared with Europe is Ukraine. Another great country now to live and prosper. Inflation is only 50% ...

Quote
2.  The USA is the leading member of NATO and is there to conduct lawful military drills with Poland, a country with a long history of suffering from Russian invasions and bullying. 
Poland is suffering nothing lately. Hasn't since WW-2 , where all European countries suffered.

Quote
3.  If and when the USA has a new CIC (Commander in Chief, ie President) with a pair of balls, such reckless and provocative actions by Russia (they buzzed a heavily armed Destroyer 20 to 30 times) will be met with an appropriate response.
Even if a new Prez with balls is chosen, see how quickly he/she ends the sanctions and works with putin, because they are immediatly attracted to each others power.

Quote
4.  Winter is coming for Russia's economy.  Their economy is poor, despite wagging the tail of the dog. 
Its a prediction, I don't think it will come true. Same as USA's arab's Springs, that turned to Winter instead.

Quote
(and Winter is coming for the US economy as well, due to poor leadership and heavy debt!)
Now that I can believe, I hope to have saved enough by then to be financially independent.

Mark.

Ditto, with no credit/mortgage/debt etc.
Best to stat with dumping any investments that you have, realise all the cash possible..
Re-invest in Gold, silver, Lithium, diamonds, art.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 02:16:35 AM
Guys you have no idea what you talking about........

The second thing that would happen is we would be forced to stop importing just about everything. This would collapse China economy more than what it already is. China would have a huge negative trade balance with the US. Dollar trade has been very bad for the US and has killed many of our factories. America product would be the world's cheapest making us a great export nation again. US real estate in most places is already cheap compared to European and many other parts of the world. All kinds of rich people would come here and buy it. The next thing that would happen it would cheap to travel to America and our tourist trade would hugely grow.

Not really sure thats how economics work Texan. Some of what you say may be true but that doesn't necessarily mean it'll reinvigorate your economy and make you Billy big bollocks again. Most of this stuff has already happened to the UK and we're no power house because of it......

It won't.

First and foremost is major debt reduction..

Needs doing quickly, its about the only way to avoid serious effects of such a recession, because this will affect every country in the world in a serious way, something worse than ever previously...
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 02:20:01 AM
What an odd lot we are!

Imagine, Cuffy and Manny agreeing, but arguing what is the correct way to pronounce a starchy tuberous nightshade popular in chips. With the exception of the paranoid and conspiracy driven hatred Wiz has of United States (policy) we are more or less echoing the same shall we say notes. The global economy is indeed a precarious house of cards and that is being stressed by both different players and forces with divergent goals.

How this will end, my guess badly. It can not go on forever.

If the next president is pragmatic and solution driven than perhaps either Donny and Bernie might be able to address the different problems with a positive outcome. If it is a dogmatic Cruz or Clinton as Commander in Chief than they will be neither Commander or Chief.

Sage words folks, sage words...
Title: Re: De-Dollarisation.
Post by: AvHdB on April 15, 2016, 04:14:41 AM
1.  The USA does not invade neighboring countries on a regular basis as does Russia (Afghanistan, Chechnya, Georgia, Ukraine).
No they do it far away, Iraq, Afghanistan, Libya, Syria, Egypt... And what success stories, people are glowing in happiness there now. Their most recent success, shared with Europe is Ukraine. Another great country now to live and prosper. Inflation is only 50%

There is a fundamental difference between the American interventions and the Russian invasions, in that Russia makes the invaded territories subjugate to the Kremlin.

Certainly Checnya, and the regions that was Ukraine are far worse today than before the Russian actions.

As for inflation in Ukraine actual prices are in Hryvnia up by around 10% in the last 18 months. Cooking and heating gas was this winter less. Only when you translate prices to $ or € do you get a higher percentage.
Title: Re: De-Dollarisation.
Post by: Wiz on April 15, 2016, 04:26:03 AM
What an odd lot we are!

Imagine, Cuffy and Manny agreeing, but arguing what is the correct way to pronounce a starchy tuberous nightshade popular in chips. With the exception of the paranoid and conspiracy driven hatred Wiz has of United States (policy) we are more or less echoing the same shall we say notes. The global economy is indeed a precarious house of cards and that is being stressed by both different players and forces with divergent goals.

How this will end, my guess badly. It can not go on forever.

If the next president is pragmatic and solution driven than perhaps either Donny and Bernie might be able to address the different problems with a positive outcome. If it is a dogmatic Cruz or Clinton as Commander in Chief than they will be neither Commander or Chief.

AvHdB

You can believe whatever you like about me, but the facts are there to see.

After the WWII the American economy has expanded it’s defence industry, becoming huge and also has created around 135 bases around the world, in many cases replacing the pre-war British Empire ones by taking over certain bases of theirs.

I expect these bases are holiday camps for some tired army personnel to go and rest and not to exert US influence in the country they are based and few others in the vicinity. For your information in Greece and especially in the island of Crete, the US has a big base from where is keeping an eye in the East Mediterranean and the Middle East.

The video, Cuffy posted, has many truths in it, like the 19 Trillion Dollars Debt but avoid telling us who is controlling the Private FED and benefits from its operations. Cuffy said in a previous post that is controlled by the Rothchilds family and I add, as almost most of the National Banks around the world apart from Syria, Iran, N. Korea. In the Bank of England they have installed Mike Carney….. one of theirs, who has worked for Goldman Sacks etc. The US and FED are also controlling the EU economies and especially the ECB and Germany. If the Brexit and Grexit happen, the domino effect of other members states leaving, will take place and the Euro and the EU are finished.

Ever since the end of WWII the US has invaded, pillaged and destroyed numerous countries, killed millions of innocent people, the list is too long to write here, for the purpose of keeping its economy going and will continue doing it, as long as it can.

If you look the financial stats of the US you will realise that it’s a net importer and it's the fiat Dollar that is keeping its economy going, as long as other countries are using it, for trade and other services. The biggest trade partner of the US is China who is using its surpluses to buy American assets. Today China own huge parts of the US  productive economy.

The Wall Street Financial services are not a productive industry adding to the US GDP and the value of the Dollar. It’s simply a casino and the US hardly has any Gold assets to support its Reserve currency. As you say, soon or later the US economy will go tits up and will create a huge catastrophe around the world.

What are the Gold reserves of the US?

Almost none and all the gold in the various US vaults is foreign.

Why the US does not allow Germany the check its Gold reserves in the US?

Because obviously has sold it long term and is waiting for the return.

The US is becoming self sufficient in Oil and expects soon to export to the EU and other countries but at what price, lower than its costs?

Have you seen the stats posted by Gipsy for the Russian costs?

Well I can go on about the American and world economy, which I agree with you, it's not good at all.

Quote
The global economy is indeed a precarious house of cards and that is being stressed by both different players and forces with divergent goals.

How this will end, my guess badly. It can not go on forever

Meanwhile the BRICS are working accumulating Gold reserves and preparing themselves for the final attack, to make the world multi-polar unlike what it's today.

Call me whatever name you like but I have a habit reading financial sites and articles, as it helps me to understand better the world affairs.

The next President of the US has been decided (by the bosses, look your $ to know who are they) and will not have balls to call her.... grandfather!

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: Markje on April 15, 2016, 04:34:27 AM

There is a fundamental difference between the American interventions and the Russian invasions, in that Russia makes the invaded territories subjugate to the Kremlin.

Certainly Checnya, and the regions that was Ukraine are far worse today than before the Russian actions.
But they are still better compared to the Africa/Middle eastern countries that the USA meddled in. ISIS roaming around for instance..... That was the point i am making, not that Russia is holier-than-thou or even that it was good of russia. No the USA should stick their nose in their own affairs before putting the blame on someone else.

Quote
As for inflation in Ukraine actual prices are in Hryvnia up by around 10% in the last 18 months. Cooking and heating gas was this winter less. Only when you translate prices to $ or € do you get a higher percentage.
10% inflation is huge .... many people will see their savings rot before they can put it in the bank.

If you look at the graph, the country went broke the minute that 'maidan' started to turn ugly. November 2013

http://www.xe.com/currencycharts/?from=USD&to=UAH&view=10Y

Plus, the trading economics website says it was worse:

Consumer prices in Ukraine increased by 20.9 percent year-on-year in March of 2016, following a 32.7 percent growth in the previous month.
http://www.tradingeconomics.com/ukraine/inflation-cpi
Title: Re: De-Dollarisation.
Post by: Wiz on April 15, 2016, 05:10:59 AM
Not so fast.  What is Greece's GDP? 
It's a rounding error.  Like, "Oh, look...someone forgot to carry the 7...."

B/B

We the Greeks, and the rest of the world, know that Greece is bust, long time ago.

May I asked you to tell me, why the ECB continue lending Greece money and doing everything possible not to go bust OFFICIALLY?

Just for the ignorant Anteros... the Greek GDP, now, is 185 Billion Euros and the Debt is 340 Billion Euros, so there is no way this debt can be serviced or is going to be paid ever.

The ECB was forced to lend money to Greece, as, if it had not, Greece would have gone bust, and many European Banks would have followed.
The money lent to Greece went to paying down this debt.
None of the monies lent were used to boost the Greek economy.

The whole loan system to Greece was only done to stop various countries (Namely Germany), from being hit by large bank defaults.

Unfair really, but there always has to be an ass to kick... :dh:

You are obviously read the same conspiratorial financial sites and articles, as me and they will call you the same names!  :laugh:

May I add that the Deutsche Bank, at the moment, is exposed to 75 trillion Euros with it’s CDS products. If Greece is allowed to go bust officially, then who knows what will happen to this German Major bank and several other EU banks.

For the past 40 years, the various Greek governments where borrowing by issuing bonds and Germany, France and very small part from UK, were buying these bonds. In the case of Germany and France the loans were for defence products and supplies bought from these countries in exchange of bribes etc. The biggest culprit was the ex defence minister of PASOK who is in prison, obviously he did not shared the bribes… so they let him pay for it, instead their usual practice to cover one of theirs.

When the first Bail out loan was arranged the deficit was 125% of the GDP and after the loan and a haircut of 105 billions, arranged by Germany, went to 175%. Now it’s nearly 200%, after the 3rd Loan. It was publicly admitted that Germany profited from the bail out loans to the tune of 400 million Euro.

It is obvious that wherever the IMF is involved and the Austerity measures imposed by Germany are not working and the country will be in perpetual debt and very soon slavery. :(
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 06:03:00 AM
Not so fast.  What is Greece's GDP? 
It's a rounding error.  Like, "Oh, look...someone forgot to carry the 7...."

B/B

We the Greeks, and the rest of the world, know that Greece is bust, long time ago.

May I asked you to tell me, why the ECB continue lending Greece money and doing everything possible not to go bust OFFICIALLY?

Just for the ignorant Anteros... the Greek GDP, now, is 185 Billion Euros and the Debt is 340 Billion Euros, so there is no way this debt can be serviced or is going to be paid ever.

The ECB was forced to lend money to Greece, as, if it had not, Greece would have gone bust, and many European Banks would have followed.
The money lent to Greece went to paying down this debt.
None of the monies lent were used to boost the Greek economy.

The whole loan system to Greece was only done to stop various countries (Namely Germany), from being hit by large bank defaults.

Unfair really, but there always has to be an ass to kick... :dh:

You are obviously read the same conspiratorial financial sites and articles, as me and they will call you the same names!  :laugh:

May I add that the Deutsche Bank, at the moment, is exposed to 75 trillion Euros with it’s CDS products. If Greece is allowed to go bust officially, then who knows what will happen to this German Major bank and several other EU banks.

For the past 40 years, the various Greek governments where borrowing by issuing bonds and Germany, France and very small part from UK, were buying these bonds. In the case of Germany and France the loans were for defence products and supplies bought from these countries in exchange of bribes etc. The biggest culprit was the ex defence minister of PASOK who is in prison, obviously he did not shared the bribes… so they let him pay for it, instead their usual practice to cover one of theirs.

When the first Bail out loan was arranged the deficit was 125% of the GDP and after the loan and a haircut of 105 billions, arranged by Germany, went to 175%. Now it’s nearly 200%, after the 3rd Loan. It was publicly admitted that Germany profited from the bail out loans to the tune of 400 million Euro.

It is obvious that wherever the IMF is involved and the Austerity measures imposed by Germany are not working and the country will be in perpetual debt and very soon slavery. :(

No I think not.

What I wrote is common knowledge and nothing to do with a conspiracy.
Title: Re: De-Dollarisation.
Post by: yankee on April 15, 2016, 06:47:24 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 15, 2016, 07:40:22 AM
Yes Deutsche bank is in trouble and this is not a conspiracy site. I have been reading about this for some time now. Germany will have to bail part of it out, size it down, and a bunch of people will lose money. This is something likely to happen in the next deep recession if not before. These investors have had years to prepare so hopefully they have. 

http://blogs.spectator.co.uk/2016/02/if-deutsche-bank-collapses-its-taking-the-euro-with-it/

This is a euro problem and one of the reasons for the dollar strength we are now experiencing. If this would happen it would bring back more dollar trade not less. So lets hope Germany finds a way to fix it.
Title: Re: De-Dollarisation.
Post by: rosco on April 15, 2016, 08:06:44 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 08:24:30 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!

Absurd.  The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 08:37:12 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!

Absurd.  The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

There will not be a next time IF the US keeps its ship away from Russian territorial waters, better still, remove them from the Baltic sea entirely if you are frightened...   :plane:
Title: Re: De-Dollarisation.
Post by: Manny on April 15, 2016, 08:39:14 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.
Title: Re: De-Dollarisation.
Post by: shakespear on April 15, 2016, 08:49:26 AM
So Russia was also in international airspace.

True.

But their are protocol procedures to follow when armed military platforms approach each other in international waters.  Russia violated those procedures. 

This is all about Putin's complete and total disrespect for Obama as a world leader. 

Only an idiot would start a war over an incident like this.  That's why I'm so afraid of giving a guy like Trump the keys to the car. 
Title: Re: De-Dollarisation.
Post by: Wiz on April 15, 2016, 08:56:06 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!

Absurd.  The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

Are aware that Kalinigrad is part from Russia?

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 08:59:48 AM
So Russia was also in international airspace.

True.

But their are protocol procedures to follow when armed military platforms approach each other in international waters.  Russia violated those procedures. 

This is all about Putin's complete and total disrespect for Obama as a world leader. 

Only an idiot would start a war over an incident like this.  That's why I'm so afraid of giving a guy like Trump the keys to the car.

Both planes were un-armed, so protocol does not apply...

That the planes were playing silly games is clear, but the response from the US was typical, "OH dear, we've been strafed by a couple of ruskie jets, how naughty is that"..

Bets plan for the US, is to take their dummies and  :censored:  off home...
Title: Re: De-Dollarisation.
Post by: AvHdB on April 15, 2016, 09:10:10 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!

Absurd.  The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

There will not be a next time IF the US keeps its ship away from Russian territorial waters, better still, remove them from the Baltic sea entirely if you are frightened...   :plane:

The ignorant protest to much.

The United States is fully justified to be in the Black Sea with military ships.

There is a treaty called the Montreaux Convention that guarantees this. Of course we understand how Russia (Putin) views International treaties that were signed before he became czar.

Further three NATO members have real estate along the Black Sea, so while Obama might be wimpy. He was fully compliant with International Law, something that Putin can not claim.

It should also be noted on a fairly regular basis until now Russian and American naval ships pass with in approximately 12 miles or 15 kilometers of each other coastline, so 70 miles or 96 kilometers is a rather large distance for a wasp to fly.
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 09:15:38 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

 :ROFL:  Russia is clearly hell-bent on self destruction as the US economy can absorb a lot more than Russia's one trick pony economy every could.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 09:17:45 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!

Absurd.  The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

There will not be a next time IF the US keeps its ship away from Russian territorial waters, better still, remove them from the Baltic sea entirely if you are frightened...   :plane:

The ignorant protest to much.

The United States is fully justified to be in the Black Sea with military ships.

There is a treaty called the Montreaux Convention that guarantees this. Of course we understand how Russia (Putin) views International treaties that were signed before he became czar.

Further three NATO members have real estate along the Black Sea, so while Obama might be wimpy. He was fully compliant with International Law, something that Putin can not claim.

It should also be noted on a fairly regular basis until now Russian and American naval ships pass with in approximately 12 miles or 15 kilometers of each other coastline, so 70 miles or 96 kilometers is a rather large distance for a wasp to fly.

Do try to keep up..

We are talking about the recent incident in the Baltic sea, and NOT the Black sea...

 :coffeeread:
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 09:19:34 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!

Absurd.  The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

There will not be a next time IF the US keeps its ship away from Russian territorial waters, better still, remove them from the Baltic sea entirely if you are frightened...   :plane:

The ignorant protest to much.

The United States is fully justified to be in the Black Sea with military ships.

There is a treaty called the Montreaux Convention that guarantees this. Of course we understand how Russia (Putin) views International treaties that were signed before he became czar.

Further three NATO members have real estate along the Black Sea, so while Obama might be wimpy. He was fully compliant with International Law, something that Putin can not claim.

It should also be noted on a fairly regular basis until now Russian and American naval ships pass with in approximately 12 miles or 15 kilometers of each other coastline, so 70 miles or 96 kilometers is a rather large distance for a wasp to fly.

Exactly.  And as I said if Russia continues reckless foolish provocations like this the score is going to be:  US/Nato Aircraft 2.  Russian Aircraft 0.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 09:22:00 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

 :ROFL:  Russia is clearly hell-bent on self destruction as the US economy can absorb a lot more than Russia's one trick pony economy every could.

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 09:24:53 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?

As for sanctions, Russia now regards them as permanent anyway, so no biggie.

Yes, about 70 miles off the cost of Russia.

70km from a Russian naval base I understand....so who's being provocative? Get too close to a wasp nest and all that!!

Absurd.  The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

There will not be a next time IF the US keeps its ship away from Russian territorial waters, better still, remove them from the Baltic sea entirely if you are frightened...   :plane:

The ignorant protest to much.

The United States is fully justified to be in the Black Sea with military ships.

There is a treaty called the Montreaux Convention that guarantees this. Of course we understand how Russia (Putin) views International treaties that were signed before he became czar.

Further three NATO members have real estate along the Black Sea, so while Obama might be wimpy. He was fully compliant with International Law, something that Putin can not claim.

It should also be noted on a fairly regular basis until now Russian and American naval ships pass with in approximately 12 miles or 15 kilometers of each other coastline, so 70 miles or 96 kilometers is a rather large distance for a wasp to fly.

Do try to keep up..

We are talking about the recent incident in the Baltic sea, and NOT the Black sea...

 :coffeeread:

I believe he intended to write Baltic sea as NATO countries are Lithuania, Latvia and Estonia with a physical presence on the shoreline.  Either way there are NATO countries with a physical presence on the Black sea as well.  The USA follows International law, and Russia does not.  Hence Russia has few allies and their economy is in shambles due to sanctions.   :coffeeread:
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 09:29:49 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

 :ROFL:  Russia is clearly hell-bent on self destruction as the US economy can absorb a lot more than Russia's one trick pony economy every could.

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

We don't need it and in fact a fiscal diet will be very good for the USA.  Look how heart disease and heart attacks went down during WWII when people had less meat to eat.  Same can be said of a fully developed economy but one which has been wasting money on too many social programs.

Unlike Russia we have a fully developed infrastructure and our GDP is about 17 Trillion dollars.  We can self sustain if need be and better than Russia can.  Our military is already in place around the World.

Winter is coming.  You better get ready.  :laugh:
Title: Re: De-Dollarisation.
Post by: Texan77 on April 15, 2016, 09:45:49 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

Yea it was also a another set back for the Russian economy also. NO pipe line and they are still paying the Ukraine. Putin shoot himself in foot again.  But hey, no Russian will ever read that or see it on the news. So as far as most Russians are concern, Putin it the perfect leader as he leads his sheep both in Russia and on this site.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 09:49:02 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

Yea it was also a another set back for the Russian economy also. NO pipe line and they are still paying the Ukraine. Putin shoot himself in foot again.  But hey, no Russian will ever read that or see it on the news. So as far as most Russians are concern, Putin it the perfect leader as he leads his sheep both in Russia and on this site.

You really do need to stop daydreaming..
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 09:50:39 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

Yea it was also a another set back for the Russian economy also. NO pipe line and they are still paying the Ukraine. Putin shoot himself in foot again.  But hey, no Russian will ever read that or see it on the news. So as far as most Russians are concern, Putin it the perfect leader as he leads his sheep both in Russia and on this site.

You really do need to stop daydreaming..

You too.  The USA is only in debt 19 Trillion, not 20.  :laugh:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 09:53:36 AM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

Yea it was also a another set back for the Russian economy also. NO pipe line and they are still paying the Ukraine. Putin shoot himself in foot again.  But hey, no Russian will ever read that or see it on the news. So as far as most Russians are concern, Putin it the perfect leader as he leads his sheep both in Russia and on this site.

You really do need to stop daydreaming..

You too.  The USA is only in debt 19 Trillion, not 20.  :laugh:

 :ROFL: :ROFL: :ROFL:

 http://www.usdebtclock.org/   to be exact...
Title: Re: De-Dollarisation.
Post by: Wiz on April 15, 2016, 10:10:00 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!
Title: Re: De-Dollarisation.
Post by: AvHdB on April 15, 2016, 10:58:19 AM
I believe he intended to write Baltic sea as NATO countries are Lithuania, Latvia and Estonia with a physical presence on the shoreline.  Either way there are NATO countries with a physical presence on the Black sea as well.  The USA follows International law, and Russia does not.  Hence Russia has few allies and their economy is in shambles due to sanctions.   :coffeeread:

My bad, was talking with friends in café over cappuccino about sailing or cruising the Adriatic Sea this summer (the favourite is Greece over Croatia) or along the Black Sea.  One member mentioned the Montreaux Treaty and wondered if it applied to a cruising sailboat. In my wonderful dysgraphic/dyslexic thinking I mixed them up. Now you know why I rarely do the navigation.

There is a so-called Convention for access to the Baltic Sea, want to say the Helsinki Convention, but not entirely sure.
Title: Re: De-Dollarisation.
Post by: AvHdB on April 15, 2016, 11:07:27 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 11:17:38 AM
I believe he intended to write Baltic sea as NATO countries are Lithuania, Latvia and Estonia with a physical presence on the shoreline.  Either way there are NATO countries with a physical presence on the Black sea as well.  The USA follows International law, and Russia does not.  Hence Russia has few allies and their economy is in shambles due to sanctions.   :coffeeread:

My bad, was talking with friends in café over cappuccino about sailing or cruising the Adriatic Sea this summer (the favourite is Greece over Croatia) or along the Black Sea.  One member mentioned the Montreaux Treaty and wondered if it applied to a cruising sailboat. In my wonderful dysgraphic/dyslexic thinking I mixed them up. Now you know why I rarely do the navigation.

There is a so-called Convention for access to the Baltic Sea, want to say the Helsinki Convention, but not entirely sure.

Not a problem, I was being a little pedantic with your post, sorry, I did understand what you were meaning..

With regards to navigation, if lost, always do a CC and head west, at some point you will always hit land... :whist11:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 11:19:02 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??
Title: Re: De-Dollarisation.
Post by: Texan77 on April 15, 2016, 11:23:36 AM

 And look how well shooting down a Russian jet went for Turkeys economy.

Yea it was also a another set back for the Russian economy also. NO pipe line and they are still paying the Ukraine. Putin shoot himself in foot again.  But hey, no Russian will ever read that or see it on the news. So as far as most Russians are concern, Putin it the perfect leader as he leads his sheep both in Russia and on this site.

You really do need to stop daydreaming..

You need to stop dreaming. Turkey was once Russia stronger support in NATO. Well no longer. Just what Russia needed was more sanctions. Well now they got them. Look I know you are just a Putin sheep so you can never see the other side of anything Putin does just like the rest of Russia. Everything any country does has a negative side to it. Only Russia has this perfect leader who just turns everything into gold with fairy dust. Just keep believing and you always be happy. Pleasant dreams! 
Title: Re: De-Dollarisation.
Post by: AvHdB on April 15, 2016, 11:33:31 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??

Yes  :(
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 11:38:17 AM

 And look how well shooting down a Russian jet went for Turkeys economy.

Yea it was also a another set back for the Russian economy also. NO pipe line and they are still paying the Ukraine. Putin shoot himself in foot again.  But hey, no Russian will ever read that or see it on the news. So as far as most Russians are concern, Putin it the perfect leader as he leads his sheep both in Russia and on this site.

You really do need to stop daydreaming..

You need to stop dreaming. Turkey was once Russia stronger support in NATO. Well no longer. Just what Russia needed was more sanctions. Well now they got them. Look I know you are just a Putin sheep so you can never see the other side of anything Putin does just like the rest of Russia. Everything any country does has a negative side to it. Only Russia has this perfect leader who just turns everything into gold with fairy dust. Just keep believing and you always be happy. Pleasant dreams!

My my, you really do not know me... :laugh:

Anyway, thank you for the night time wishes, and I'm sure that I will enjoy some very pleasant dreams afterwards, laid next to a beautiful Russian lady, in my own bed, in my own apartment...

What will you be doing??
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 11:39:07 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??

Yes  :(

Much, much higher??
Title: Re: De-Dollarisation.
Post by: Texan77 on April 15, 2016, 12:48:02 PM

My my, you really do not know me... :laugh:

Anyway, thank you for the night time wishes, and I'm sure that I will enjoy some very pleasant dreams afterwards, laid next to a beautiful Russian lady, in my own bed, in my own apartment...

What will you be doing??

I have very pleasant girl friend in the Ukraine. I do not sleep around nor do I want to. I just bought her an apartment so will likely be working on my next trip. Practical stuff like plumbing and electrical work. We are in the process of trying to decide how much work we want to get done before I get there. So I am not completely sure what I will be doing yet. Likely emotional fulfilling for me but from the way you write not something you likely would want to do.
Title: Re: De-Dollarisation.
Post by: rosco on April 15, 2016, 01:06:49 PM
The USA was in International waters and observing maritime law etc.  Next time we will be justified in shooting down those jets if they deliberately come so close again in an attack formation.

So Russia was also in international airspace.

 And look how well shooting down a Russian jet went for Turkeys economy.

Yea it was also a another set back for the Russian economy also. NO pipe line and they are still paying the Ukraine. Putin shoot himself in foot again.  But hey, no Russian will ever read that or see it on the news. So as far as most Russians are concern, Putin it the perfect leader as he leads his sheep both in Russia and on this site.

FFS Texan....UKRAINE....UKRAINE!!!!

If you say The Ukraine once more you need banned.... :'(
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 01:09:34 PM

My my, you really do not know me... :laugh:

Anyway, thank you for the night time wishes, and I'm sure that I will enjoy some very pleasant dreams afterwards, laid next to a beautiful Russian lady, in my own bed, in my own apartment...

What will you be doing??

I have very pleasant girl friend in the Ukraine. I do not sleep around nor do I want to. I just bought her an apartment so will likely be working on my next trip. Practical stuff like plumbing and electrical work. We are in the process of trying to decide how much work we want to get done before I get there. So I am not completely sure what I will be doing yet. Likely emotional fulfilling for me but from the way you write not something you likely would want to do.

As I said, you really do not know me.. :coffeeread:
Title: Re: De-Dollarisation.
Post by: Wiz on April 15, 2016, 03:22:50 PM
Gipsy

I thought you knew that the whole American economy is relying on exporting debt.

Remember what happened to the European economies when the US banks start selling to Europe all those packages of sup-prime loans?

We had the crash of 2008!

What happened with the IOU’s of California? Ask the American’s to tell you!

Where do you think the ECB found the money to bail out not only Greece but also so many EU banks? How Draghi is financing his QE for ECB?

The US prints Dollars, give them to the ECB and the bank is selling them to the markets is and buying Euro, but these Dollars do not appear in the US budget, neither affect it with inflation, and the dollar at the same time remains strong.

After President Richard Nixon in 1971, unilaterally cancelled the direct convertibility of the United States dollar to gold. the world reserve currency is relying in its reputation, as also was mentioned in that video, in reality is a toilet paper.

Why they killed Muammar Gaddafi and not taken him through the courts, as they did with Saddam Hussein?

What happened to the Libyan Gold that Gaddafi was collecting and was going to use issuing the Gold Dinnar?

Why the Hedge funds of G. Soros etc attacking the China and the Russian economies at the moment, as Soros did to the UK?

I do you think that Putin is stupid when he called them parasites.

Why the Washington Neocons are pushing hard Russia for a nuclear war?

Because Putin is preparing Russia to take over the “Bank of Russia” which is run from the US FED, under the agreement signed with Yeltsin and to keep them quiet, while he was helping Assad in Syria, Elvira Nabiullina, president of the Bank of Russia, was buying US Government bonds. When he is ready, to Nationalise the Bank of Russia, then will connect the Rubble to the Cold standard and the rest for the US Dollar will be history.

Why Kissinger paid a visit to Putin?

Take a look at these:

http://www.bloomberg.com/news/articles/2016-04-14/deutsche-bank-found-systemic-failure-behind-russia-cash-flight


http://www.economist.com/news/finance-and-economics/21696946-russian-economy-bad-way-elvira-nabiullina-has-saved-it
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 03:51:39 PM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:
Title: Re: De-Dollarisation.
Post by: Manny on April 15, 2016, 04:10:14 PM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:

Well, good luck with your warmongering off the coast of Russia. You got buzzed by Russian fighters and are surprised?

Really, this isnt news. Russia is all over you lot and your aggression. You are lucky the boat is still floating. They could have popped it in a heartbeat and were just letting you know to keep you in line.
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 06:14:50 PM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:

Well, good luck with your warmongering off the coast of Russia. You got buzzed by Russian fighters and are surprised?

Really, this isnt news. Russia is all over you lot and your aggression. You are lucky the boat is still floating. They could have popped it in a heartbeat and were just letting you know to keep you in line.

Wow bud, you are really out of touch with reality.  Is the Kremlin now paying you in psychedelic mushrooms?  :chuckle:


(I doubt if either side wants to start WWIII, so lets hope Russia starts respecting rules of engagement)
Title: Re: De-Dollarisation.
Post by: Anteros on April 15, 2016, 06:36:26 PM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??

The estimate for unfunded liabilities such as Social Security goes as high as 180 Trillion dollars.  It's inconceivable how much debt there may out there in the future.  Why some keep cheering the dollars alleged collapse is mind-boggling.  It won't just be our collapse, if it happens.
Title: Re: De-Dollarisation.
Post by: cufflinks on April 15, 2016, 10:28:06 PM
http://pro.bonnerandpartners.com/BBLFALLINGDOWN/PBBLRC08?

When the USA catches the Flu the Euroshariastans catch pneumonia.

Title: Re: De-Dollarisation.
Post by: cufflinks on April 15, 2016, 10:32:28 PM
It’s Too Late For Washington To Reverse Course And Avoid America’s Day Of Reckoning

But it’s not too late for you, As long as you take action right now!

https://orders.strategicinvestment.com/NDPCUR1/ENDPS437/index.htm?pageNumber=2

Enjoy the decline...
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 11:23:34 PM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:

Wow Ant, first you cry foul when your ships get buzzed, boo hoo, those naughty Ruskies...

Then you have the ordacity to state that if Ruskie ships were off the Yankee coast, they would need tug boats to get them home...

A typical yankee mentality of, "We can do as we wish, wherever/whenever we wish, but you will do as you are told and follow the rules"..

 :censored: ing bullshit man....
Title: Re: De-Dollarisation.
Post by: Gipsy on April 15, 2016, 11:26:30 PM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??

The estimate for unfunded liabilities such as Social Security goes as high as 180 Trillion dollars.  It's inconceivable how much debt there may out there in the future.  Why some keep cheering the dollars alleged collapse is mind-boggling.  It won't just be our collapse, if it happens.

As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..

How great your country is, if it cannot win by force, it can win by default...

Title: Re: De-Dollarisation.
Post by: Texan77 on April 15, 2016, 11:56:20 PM
It’s Too Late For Washington To Reverse Course And Avoid America’s Day Of Reckoning

But it’s not too late for you, As long as you take action right now!

https://orders.strategicinvestment.com/NDPCUR1/ENDPS437/index.htm?pageNumber=2

Enjoy the decline...

I really hope you have spent you 97 dollar so you will be saved. Of course, as soon as you do that then they will have another service you will desperate need that will cost more money. I am sure they will have a service level for ever how money you want to spend including ten of thousands to join some supper inside circle. The economic boom in the US will likely end late this year or early next. Our slowing economy will likely decline with most of the rest of the world. This recession will likely end up worse than 2008. When this is over and nothing like they predicted happened they will claim the predicted this when everyone was bullish. This is not so as many people see this as near the end of the economic cycle.

These so called experts do not know any more than the rest of us. What they are good at is getting money from people. They have been doing this since the late 1960's as the world was suppose to end when we went off the gold standard. Of course, they have in the pass predicted everything that ever happened and now this time it will be worse. They are all doing this a public service and willing to sell there information for near nothing to help you save you and your family from financial ruin. What it is just the first step in finding who is a real sucker. As the economy drops many of these people will panic and keep buying more expensive services. Most of their investment advice will lose money. But still no one keeps track of any of that. Surely if you buy the next level you will start to make money.

Look at the people who were saying the same thing two or more years ago. Remember Jim Rickards ever since 2011 he had been claiming the US would lose its reserve status in a few months. Weren't you a big fan of his?

https://en.wikipedia.org/wiki/James_Rickards

None of that crap he predicted happened. 

Title: Re: De-Dollarisation.
Post by: Texan77 on April 16, 2016, 12:21:04 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.
Title: Re: De-Dollarisation.
Post by: rosco on April 16, 2016, 01:03:48 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....
Title: Re: De-Dollarisation.
Post by: AvHdB on April 16, 2016, 01:22:54 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

Calling Wiz to his soap box.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 01:29:10 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

Of course he is...

They are already making moves to take over that hilly country to the north of England, you know, where all the men are transvestites, and they have that stupid  :censored: ing monster, what's her name, Sturgeon or something fishy like that...

Then you will need to unglue the 10p from your dashboard and replace it with a 10c piece...

 :ROFL:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 01:30:40 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

Calling Wiz to his soap box.

Moderating comment..

Please leave sleeping dogs lay..
Title: Re: De-Dollarisation.
Post by: rosco on April 16, 2016, 01:53:11 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

Of course he is...

They are already making moves to take over that hilly country to the north of England, you know, where all the men are transvestites, and they have that stupid  :censored: ing monster, what's her name, Sturgeon or something fishy like that...

Then you will need to unglue the 10p from your dashboard and replace it with a 10c piece...

 :ROFL:

You'll never take our freedom......or our fire water......or our deep fried mars bars!!!  :censored:
Title: Re: De-Dollarisation.
Post by: Wiz on April 16, 2016, 02:53:49 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

Calling Wiz to his soap box.

Moderating comment..

Please leave sleeping dogs lay..

Why ? Don't you like to hear what the proponents of the NWO policy are saying?

Texan 77 is on the right path........or do you know any better?

Here is the ex Greek PM, Gearge Papandreou, in his speech in the UN ....
watch it... he is speaking better American than Greek.


and another proponent the ex president of the EU


Title: Re: De-Dollarisation.
Post by: msmoby on April 16, 2016, 03:40:02 AM


Here is the an ex Greek PM, Gearge George Papandreou, in his speech in the UN ....
watch it... he is speaking better American than Greek.



Wiz, seems to resent George having being born in the US and having a super education for a socialist  :chuckle:
Title: Re: De-Dollarisation.
Post by: Wiz on April 16, 2016, 04:32:54 AM


Here is the an ex Greek PM, Gearge George Papandreou, in his speech in the UN ....
watch it... he is speaking better American than Greek.



Wiz, seems to resent George having being born in the US and having a super education for a socialist  :chuckle:

If you have nothing to say... resort to correcting my typing errors...... [attachimg=1]

If you want to know the truth ... I resent the damage that he did to Greece with his actions, when he was a PM!

I am sure, you as a fluent speaker of the Greek language, you have followed all developments in my country, since he took over as PM and you can tell us all about it!

I am willing to have patience to be educated by you!  :bow:


PS: Bear in mind that this thread is about $ Dollar and not about Greece. Start a new one, if you wish!
Title: Re: De-Dollarisation.
Post by: msmoby on April 16, 2016, 05:29:09 AM


If you have nothing to say... resort to correcting my typing errors......

Wiz, even I can spell and say Georgios in Greek  :chuckle:

If you want to know the truth ... I resent the damage that he did to Greece with his actions, when he was a PM!

Thanks, you are backing my previous assertion that successive Greek govts. lied to Europe to get it the club ..

I am sure, you as a fluent speaker of the Greek language, you have followed all developments in my country, since he took over as PM and you can tell us all about it!

I am willing to have patience to be educated by you!  :bow:

Wiz, mon amou, please don't forget I lived amongst Hellenic people for a not inconsiderable time and have travelled to many places that were once part of a greater empire  :)



PS: Bear in mind that this thread is about $ Dollar and not about Greece. Start a new one, if you wish!

Yeah..my 'bad' ..Likeit was 'me' that brought up one of the Papandreou dynasty...
Title: Re: De-Dollarisation.
Post by: AvHdB on April 16, 2016, 05:29:46 AM
Wiz,

Disappointed, was hoping for a screed blaming The Bilderbergers, Trilateral Commission and George Soros.

Av
Title: Re: De-Dollarisation.
Post by: msmoby on April 16, 2016, 06:05:33 AM
Wiz,

Disappointed, was hoping for a screed blaming The Bilderbergers, Trilateral Commission and George Soros.

Av

George Soros is too busy plotting to bring down Putin  :chuckle: Well, if you watch Russian tv news - that's a 'fact' ..
Title: Re: De-Dollarisation.
Post by: yankee on April 16, 2016, 06:06:35 AM

(I doubt if either side wants to start WWIII, so lets hope Russia starts respecting rules of engagement)

I think it is time that the US starts respecting Russia. 
Title: Re: De-Dollarisation.
Post by: msmoby on April 16, 2016, 07:04:46 AM


(I doubt if either side wants to start WWIII, so lets hope Russia starts respecting rules of engagement)

I think it is time that the US starts respecting Russia.

The 'funny' thing is - that is what the Kremlin seeks ... it's a bit like an ex-wife you dumped - wanting 'respect'  - forgetting the reason you dumped her - was ...well ... one was bereft of said emotion...

It's a little sad..


Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 07:48:49 AM

(I doubt if either side wants to start WWIII, so lets hope Russia starts respecting rules of engagement)

I think it is time that the US starts respecting Russia.

 :thumbsup:
Title: Re: De-Dollarisation.
Post by: Wiz on April 16, 2016, 08:17:19 AM
Wiz,

Disappointed, was hoping for a screed blaming The Bilderbergers, Trilateral Commission and George Soros.

Av
Obviously been in Kiev, now, you are blinded with the nice views around you, especially when you visit Maidan square or walking down the krechasky Avenue and see all the beautiful UKR flowers walking next to you!

To be honest was always a pleasure visiting the square and the Global centre....and I wonder how does it look now?

That how it was when I last visited Kiev.......

I was going to post a couple of photos from Kieve, back in 2006 but Manny has become paranoid and has banned my Ukrainian site, (www - ukraine - ukgo - com) which is not operational, because he thinks I am advertising there..... my own forum. I suggest you take a look there.

Manny get it in your brain that I don't need to advertise my forum here........ it is there live just for the info and gets lots of traffic. I spent more time on your forum, for fun, than mine. If I wanted to expand the membership.... I know how to do it without the help of your own forum.


BACK ON TOPIC.

Sorry AV but everybody knows that the Neoliberals are responsible for the mess that all the world econonmies are now and definately all of then belong to one or two of the cambal you have mentinoned above.

Title: Re: De-Dollarisation.
Post by: Texan77 on April 16, 2016, 08:56:20 AM

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It is not a movie so do not worry you will not miss it. Also this is not going to happen next week. But stand back and look what is happening around the world. 

If you would really look at this over the last fifty years our troops level around the globe is in decline and has been for a long time. Donald Trump recently  said that Japan and south Korea could have their own nuclear weapons and rely less on the USA. He got all kinds of flack over this but this is what really needs to be done. What we are doing now is failing to keep up with the military needs of our partners but not let them fill the gap on their own. You guys do not seem to realizes how much the USA military has been cut.  Example we used to have 600 ships now we have 200 ships. This stuff about our expanding is just Putin's propaganda making the USA the evil empire so Russia has a reason to keep him in power.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 09:21:26 AM

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It is not a movie so do not worry you will not miss it. Also this is not going to happen next week. But stand back and look what is happening around the world. 

If you would really look at this over the last fifty years our troops level around the globe is in decline and has been for a long time. Donald Trump recently  said that Japan and south Korea could have their own nuclear weapons and rely less on the USA. He got all kinds of flack over this but this is what really needs to be done. What we are doing now is failing to keep up with the military needs of our partners but not let them fill the gap on their own. You guys do not seem to realizes how much the USA military has been cut.  Example we used to have 600 ships now we have 200 ships. This stuff about our expanding is just Putin's propaganda making the USA the evil empire so Russia has a reason to keep him in power.

That is factually incorrect I'm afraid, the US navy currently has about 430 ships and submarines in service, and is expanding its spheres of influence in Europe (Land Sea and Air), the Med (inc Black Sea), and the far east...

https://en.wikipedia.org/wiki/List_of_current_ships_of_the_United_States_Navy
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 09:26:37 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:

Wow Ant, first you cry foul when your ships get buzzed, boo hoo, those naughty Ruskies...

Then you have the ordacity to state that if Ruskie ships were off the Yankee coast, they would need tug boats to get them home...

A typical yankee mentality of, "We can do as we wish, wherever/whenever we wish, but you will do as you are told and follow the rules"..

 :censored: ing bullshit man....

Would you like me to send you a loaf of cheese to go with your whine?

 :ROFL:   :ROFL:   :ROFL:


PS The tugboats are not needed cause we would blow your boats up, but because everything Russia builds breaks down.  :laugh:
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 09:35:24 AM


As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..


Our debt level is on par with the debt level of most of the world. I feel this is all part of the globalist strategy to have a world wide currency collapse and a need for a single currency and a single country. All of this immigration I feel is also part of this strategy. Make the people everywhere the same then they will accept a one government world. It is not just the USA.

Cruz said that this debt level was immoral. Yea, but what do I think he will do about it if he gets in office? Most likely double it. Clinton and Bernie it will be even worse. Then they wonder why so many USAians want to vote for a Donald Trump. What would he do in office? Well, it is hard to believe it would worse than the others.

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It's not a movie, it's a TV series called "The man in the high castle".
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 09:38:50 AM

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It is not a movie so do not worry you will not miss it. Also this is not going to happen next week. But stand back and look what is happening around the world. 

If you would really look at this over the last fifty years our troops level around the globe is in decline and has been for a long time. Donald Trump recently  said that Japan and south Korea could have their own nuclear weapons and rely less on the USA. He got all kinds of flack over this but this is what really needs to be done. What we are doing now is failing to keep up with the military needs of our partners but not let them fill the gap on their own. You guys do not seem to realizes how much the USA military has been cut.  Example we used to have 600 ships now we have 200 ships. This stuff about our expanding is just Putin's propaganda making the USA the evil empire so Russia has a reason to keep him in power.

That is factually incorrect I'm afraid, the US navy currently has about 430 ships and submarines in service, and is expanding its spheres of influence in Europe (Land Sea and Air), the Med (inc Black Sea), and the far east...

https://en.wikipedia.org/wiki/List_of_current_ships_of_the_United_States_Navy

That's right we have the largest best trained military in the World.  If we ever get a real CIC with some balls the next time your puppet masters buzz one of our destroyers when we're doing lawful maneuvers in International waters we're going to surround that little Russkie enclave of Kaliningrad, crush it, and then give it back the rightful owner, Germany.  Any questions?  :laugh:
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 09:43:11 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??

The estimate for unfunded liabilities such as Social Security goes as high as 180 Trillion dollars.  It's inconceivable how much debt there may out there in the future.  Why some keep cheering the dollars alleged collapse is mind-boggling.  It won't just be our collapse, if it happens.

As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..

How great your country is, if it cannot win by force, it can win by default...

No I'm not ashamed.  We borrowed that money to build an Empire around the World rivaling anything Rome ever did and if we go down we're taking you (Russia) down on the way down but for us it's only a temporary set back and then we rise from the ashes like a Phoenix.  The key is that we're winners, we always win no matter how and you can't stop us so give up trying.  (just think of your demise due to Afghanistan, Mr. former Soviet Union)  :ROFL:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 09:58:30 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:

Wow Ant, first you cry foul when your ships get buzzed, boo hoo, those naughty Ruskies...

Then you have the ordacity to state that if Ruskie ships were off the Yankee coast, they would need tug boats to get them home...

A typical yankee mentality of, "We can do as we wish, wherever/whenever we wish, but you will do as you are told and follow the rules"..

 :censored: ing bullshit man....

Would you like me to send you a loaf of cheese to go with your whine?

 :ROFL:   :ROFL:   :ROFL:


PS The tugboats are not needed cause we would blow your boats up, but because everything Russia builds breaks down.  :laugh:

Oh dear Ant, another fail...

Without mentioning the Russian planes in Syria which flew long hours without any serious problems,

And also not to mention the US Apache helicopter which has a Russian designed and manufactured main rotor gearbox.

We will also not mention the heavy lift space engines which are designed and nuilt in Russia, which the uS relies on.

Lets stick to ships..

http://www.defensenews.com/story/breaking-news/2016/01/21/singapore-another-us-navy-lcs-sidelined-machinery-problems/79143208/

https://news.usni.org/2015/12/14/littoral-combat-ship-uss-milwaukee-repairs-could-last-weeks

http://www.nace.org/CORROSION-FAILURE-LCS-2-USS-Independence-Naval-Ship-Engine-Corrosion.aspx

https://en.wikipedia.org/wiki/USS_Freedom_(LCS-1)

https://en.wikipedia.org/wiki/USS_San_Antonio_(LPD-17)

The last one bears your name, be careful that you also do not suffer a breakdown...

 :ROFL: :ROFL: :ROFL:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 10:01:27 AM

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It is not a movie so do not worry you will not miss it. Also this is not going to happen next week. But stand back and look what is happening around the world. 

If you would really look at this over the last fifty years our troops level around the globe is in decline and has been for a long time. Donald Trump recently  said that Japan and south Korea could have their own nuclear weapons and rely less on the USA. He got all kinds of flack over this but this is what really needs to be done. What we are doing now is failing to keep up with the military needs of our partners but not let them fill the gap on their own. You guys do not seem to realizes how much the USA military has been cut.  Example we used to have 600 ships now we have 200 ships. This stuff about our expanding is just Putin's propaganda making the USA the evil empire so Russia has a reason to keep him in power.

That is factually incorrect I'm afraid, the US navy currently has about 430 ships and submarines in service, and is expanding its spheres of influence in Europe (Land Sea and Air), the Med (inc Black Sea), and the far east...

https://en.wikipedia.org/wiki/List_of_current_ships_of_the_United_States_Navy

That's right we have the largest best trained military in the World.  If we ever get a real CIC with some balls the next time your puppet masters buzz one of our destroyers when we're doing lawful maneuvers in International waters we're going to surround that little Russkie enclave of Kaliningrad, crush it, and then give it back the rightful owner, Germany.  Any questions?  :laugh:

Just the same as you are going to do with Cuba, give them their land back which you have illegally occupied for many years.  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 10:04:14 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??

The estimate for unfunded liabilities such as Social Security goes as high as 180 Trillion dollars.  It's inconceivable how much debt there may out there in the future.  Why some keep cheering the dollars alleged collapse is mind-boggling.  It won't just be our collapse, if it happens.

As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..

How great your country is, if it cannot win by force, it can win by default...

No I'm not ashamed.  We borrowed that money to build an Empire around the World rivaling anything Rome ever did and if we go down we're taking you (Russia) down on the way down but for us it's only a temporary set back and then we rise from the ashes like a Phoenix.  The key is that we're winners, we always win no matter how and you can't stop us so give up trying.  (just think of your demise due to Afghanistan, Mr. former Soviet Union)  :ROFL:

Just like you won in Vietnam, Iraq, Libya etc, etc...
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 10:05:19 AM

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It is not a movie so do not worry you will not miss it. Also this is not going to happen next week. But stand back and look what is happening around the world. 

If you would really look at this over the last fifty years our troops level around the globe is in decline and has been for a long time. Donald Trump recently  said that Japan and south Korea could have their own nuclear weapons and rely less on the USA. He got all kinds of flack over this but this is what really needs to be done. What we are doing now is failing to keep up with the military needs of our partners but not let them fill the gap on their own. You guys do not seem to realizes how much the USA military has been cut.  Example we used to have 600 ships now we have 200 ships. This stuff about our expanding is just Putin's propaganda making the USA the evil empire so Russia has a reason to keep him in power.

That is factually incorrect I'm afraid, the US navy currently has about 430 ships and submarines in service, and is expanding its spheres of influence in Europe (Land Sea and Air), the Med (inc Black Sea), and the far east...

https://en.wikipedia.org/wiki/List_of_current_ships_of_the_United_States_Navy

That's right we have the largest best trained military in the World.  If we ever get a real CIC with some balls the next time your puppet masters buzz one of our destroyers when we're doing lawful maneuvers in International waters we're going to surround that little Russkie enclave of Kaliningrad, crush it, and then give it back the rightful owner, Germany.  Any questions?  :laugh:

Have you started shaving yet??   :whist11:
Title: Re: De-Dollarisation.
Post by: Danchik on April 16, 2016, 10:06:26 AM
Anteros,

Back away from the compute for awhile. Go outside and get some fresh air. Talk to some people outside of your co-workers at the factory. Being all alone in your man cave/bomb shelter/dungeon has degenerated what's left of your brain that actually works. You are completely out of touch with reality.

Tell you what, come to Russia and I will ask one of my female friends if she'll take one for the team and  mercy  :censored: you. You really need it.
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 10:16:31 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:

Wow Ant, first you cry foul when your ships get buzzed, boo hoo, those naughty Ruskies...

Then you have the ordacity to state that if Ruskie ships were off the Yankee coast, they would need tug boats to get them home...

A typical yankee mentality of, "We can do as we wish, wherever/whenever we wish, but you will do as you are told and follow the rules"..

 :censored: ing bullshit man....

Would you like me to send you a loaf of cheese to go with your whine?

 :ROFL:   :ROFL:   :ROFL:


PS The tugboats are not needed cause we would blow your boats up, but because everything Russia builds breaks down.  :laugh:

Oh dear Ant, another fail...

Without mentioning the Russian planes in Syria which flew long hours without any serious problems,

And also not to mention the US Apache helicopter which has a Russian designed and manufactured main rotor gearbox.

We will also not mention the heavy lift space engines which are designed and nuilt in Russia, which the uS relies on.

Lets stick to ships..

http://www.defensenews.com/story/breaking-news/2016/01/21/singapore-another-us-navy-lcs-sidelined-machinery-problems/79143208/

https://news.usni.org/2015/12/14/littoral-combat-ship-uss-milwaukee-repairs-could-last-weeks

http://www.nace.org/CORROSION-FAILURE-LCS-2-USS-Independence-Naval-Ship-Engine-Corrosion.aspx

https://en.wikipedia.org/wiki/USS_Freedom_(LCS-1)

https://en.wikipedia.org/wiki/USS_San_Antonio_(LPD-17)

The last one bears your name, be careful that you also do not suffer a breakdown...

 :ROFL: :ROFL: :ROFL:

Syria being so close to Russia, of course you are feeling your oats.  Remember the Kursk?  Uh huh.
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 10:17:49 AM

With 20 Trillion dollars of debt... yeah right..

Who's going to lend you a further couple of trillion dollars...maybe Russia?   :ROFL:

Question 1: Who do they owe the money?
Answer: Anybody who is holding Dollars


Question 2: Who is going to Lend then any money?

Answer: Do they need to borrow any money from anybody? Of course not!

President will Change the law and ask the FED to print some trillions of toilet paper.

The problem is who will accept Dollars in exchange for goods?

Then the problems will start!

Oh so true.

Though it is technically not so much holders of dollars but those entities who own debt from the United States. Such as bonds (in every flavour) and Treasury Notes or T-Bills as examples. In reality the debt clock only notes Federal debt, not state, city and agency debts.

Are you saying that the actual debt could/is much higher..??

The estimate for unfunded liabilities such as Social Security goes as high as 180 Trillion dollars.  It's inconceivable how much debt there may out there in the future.  Why some keep cheering the dollars alleged collapse is mind-boggling.  It won't just be our collapse, if it happens.

As if I did not know that, I just wanted to see if others knew it also...

Aren't you ashamed of your country having so much debt, enough debt, which defaulted, would cripple just about every country in the world..

How great your country is, if it cannot win by force, it can win by default...

No I'm not ashamed.  We borrowed that money to build an Empire around the World rivaling anything Rome ever did and if we go down we're taking you (Russia) down on the way down but for us it's only a temporary set back and then we rise from the ashes like a Phoenix.  The key is that we're winners, we always win no matter how and you can't stop us so give up trying.  (just think of your demise due to Afghanistan, Mr. former Soviet Union)  :ROFL:

Just like you won in Vietnam, Iraq, Libya etc, etc...

You're confused.  The USA does not strive to capture territory, just to infest it with Coca Cola and McDonalds.  :laugh:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 10:43:43 AM
Putin ordering his pilots to buzz American Destroyer's is not going to cause us to end sanctions on his economy any time soon.

The ship that was in the Baltic Sea? Long way from America and right near Russia. Imagine how the US would howl if Russia started conducting military tests right off the coast of the US?


PS  Good luck with that.  Russia better take a few tug boats.  :ROFL:

Wow Ant, first you cry foul when your ships get buzzed, boo hoo, those naughty Ruskies...

Then you have the ordacity to state that if Ruskie ships were off the Yankee coast, they would need tug boats to get them home...

A typical yankee mentality of, "We can do as we wish, wherever/whenever we wish, but you will do as you are told and follow the rules"..

 :censored: ing bullshit man....

Would you like me to send you a loaf of cheese to go with your whine?

 :ROFL:   :ROFL:   :ROFL:


PS The tugboats are not needed cause we would blow your boats up, but because everything Russia builds breaks down.  :laugh:

Oh dear Ant, another fail...

Without mentioning the Russian planes in Syria which flew long hours without any serious problems,

And also not to mention the US Apache helicopter which has a Russian designed and manufactured main rotor gearbox.

We will also not mention the heavy lift space engines which are designed and nuilt in Russia, which the uS relies on.

Lets stick to ships..

http://www.defensenews.com/story/breaking-news/2016/01/21/singapore-another-us-navy-lcs-sidelined-machinery-problems/79143208/

https://news.usni.org/2015/12/14/littoral-combat-ship-uss-milwaukee-repairs-could-last-weeks

http://www.nace.org/CORROSION-FAILURE-LCS-2-USS-Independence-Naval-Ship-Engine-Corrosion.aspx

https://en.wikipedia.org/wiki/USS_Freedom_(LCS-1)

https://en.wikipedia.org/wiki/USS_San_Antonio_(LPD-17)

The last one bears your name, be careful that you also do not suffer a breakdown...

 :ROFL: :ROFL: :ROFL:

Syria being so close to Russia, of course you are feeling your oats.  Remember the Kursk?  Uh huh.

USS Scorpion (SSN-589) was a Skipjack-class nuclear submarine of the United States Navy and the sixth vessel of the U.S. Navy to carry that name. Scorpion was lost on 22 May 1968, with 99 crewmen dying in the incident. USS Scorpion is one of two nuclear submarines the U.S. Navy has lost, the other being USS Thresher
Title: Re: De-Dollarisation.
Post by: leslied on April 16, 2016, 10:44:15 AM
MODERATOR WARNING

Anteros Stop Troll Posting

Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 10:45:06 AM


You're confused.  The USA does not strive to capture territory, just to infest it with Coca Cola and McDonalds.  :laugh:

Are you telling us that you enjoy a Handburger??   ;D
Title: Re: De-Dollarisation.
Post by: Manny on April 16, 2016, 10:56:30 AM


You're confused.  The USA does not strive to capture territory, just to infest it with Coca Cola and McDonalds.  :laugh:

Are you telling us that you enjoy a Handburger??   ;D

A hand something perhaps.
Title: Re: De-Dollarisation.
Post by: Wiz on April 16, 2016, 11:37:51 AM
Anteros,

Back away from the compute for awhile. Go outside and get some fresh air. Talk to some people outside of your co-workers at the factory. Being all alone in your man cave/bomb shelter/dungeon has degenerated what's left of your brain that actually works. You are completely out of touch with reality.

Tell you what, come to Russia and I will ask one of my female friends if she'll take one for the team and  mercy  :censored: you. You really need it.

As it wasn't enough Gipsy shooting his S400 at Anteros ... now you appear dropping the poor man your Russian secret weapon...... which I don't think he will be able to withstand!

You must warn your friend......to be gentle with him, untill he start to like his treatment!

 :laugh: :laugh: :laugh:

Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 12:05:17 PM


You're confused.  The USA does not strive to capture territory, just to infest it with Coca Cola and McDonalds.  :laugh:

Are you telling us that you enjoy a Handburger??   ;D

A hand something perhaps.

Exactly what a handburger is.... ;D
Title: Re: De-Dollarisation.
Post by: AvHdB on April 16, 2016, 12:46:39 PM


You're confused.  The USA does not strive to capture territory, just to infest it with Coca Cola and McDonalds.  :laugh:

Are you telling us that you enjoy a Handburger??   ;D

I was not aware that McDonalds served hamburgers.

But on the other side why not chill EVERYONE it is becoming a messy sandbox.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 16, 2016, 02:40:36 PM

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It is not a movie so do not worry you will not miss it. Also this is not going to happen next week. But stand back and look what is happening around the world. 

If you would really look at this over the last fifty years our troops level around the globe is in decline and has been for a long time. Donald Trump recently  said that Japan and south Korea could have their own nuclear weapons and rely less on the USA. He got all kinds of flack over this but this is what really needs to be done. What we are doing now is failing to keep up with the military needs of our partners but not let them fill the gap on their own. You guys do not seem to realizes how much the USA military has been cut.  Example we used to have 600 ships now we have 200 ships. This stuff about our expanding is just Putin's propaganda making the USA the evil empire so Russia has a reason to keep him in power.

That is factually incorrect I'm afraid, the US navy currently has about 430 ships and submarines in service, and is expanding its spheres of influence in Europe (Land Sea and Air), the Med (inc Black Sea), and the far east...

https://en.wikipedia.org/wiki/List_of_current_ships_of_the_United_States_Navy

According to your source there are 232 commission ships in the US NAVY. The other ship that they talk about are none commissioned ships that are cargo and observation, repair functions type of vessels. We are down from 600 commission ships to just a little over 200.
Until Russia invaded Ukraine our interest in Europe was also declining. The level if influence is no where near what it once was in Europe.  We have left most of Africa and reduced our present in middle east. Our ship count not keeping up with the level of new ships from China in Asia.
Title: Re: De-Dollarisation.
Post by: Manny on April 16, 2016, 02:49:05 PM
Until Russia invaded Ukraine

You mean when America changed the leadership?

our interest in Europe was also declining. The level if influence is no where near what it once was in Europe. 

Well, you still occupy Germany (apart from stealing their gold), but in most of Europe, yes, an irrelevance. A spent force on the decline.
Title: Re: De-Dollarisation.
Post by: cufflinks on April 16, 2016, 03:05:29 PM
Enjoy the Deline - worked out very well for the UK - Sex Drugs and Rock and Roll and of course the Shariastan invasion and conversion of the Empire.
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 04:10:06 PM
our interest in Europe was also declining. The level if influence is no where near what it once was in Europe. 

Well, you still occupy Germany (apart from stealing their gold), but in most of Europe, yes, an irrelevance. A spent force on the decline.

You've certainly got some nerve, I grant you that.  You're an unofficial mouthpiece for an Empire which lost an enormous amount of real estate the past few decades and now counts 1 naval base on foreign soil. 

As a Brit you're a citizen of one of the former great Colonial empires of the World and the pound once was the reserve currency of the World.

Could you or Wiz please remind us Americans how many overseas bases the United States has right now?  Sure, we're "irrevelant" and on the "decline".  Coming from the position you occupy that's as ripe as it gets.
Title: Re: De-Dollarisation.
Post by: Slumba on April 16, 2016, 04:12:55 PM
Everyone is cheering "de-dollarisation" but no one is asking, "what happens after that"?

Do you really think, that the same people who set up the post-WW2 system and rode it for 60+ years to their immense profit, power and control, are now going to flop over and say "well, we give up, here, take advantage of the post-USD boom times"?

They destroy one system so that they can benefit from its successor, which has been planned for and designed decades ago.  Guess what:  you ain't in their club.
Title: Re: De-Dollarisation.
Post by: rosco on April 16, 2016, 04:38:38 PM

Are you predicting there will be one global currency and one country governed by one set of politicians in the future? And is this why the US is building up troops around the globe?

I've not seen this movie yet....

It is not a movie so do not worry you will not miss it. Also this is not going to happen next week. But stand back and look what is happening around the world. 

If you would really look at this over the last fifty years our troops level around the globe is in decline and has been for a long time. Donald Trump recently  said that Japan and south Korea could have their own nuclear weapons and rely less on the USA. He got all kinds of flack over this but this is what really needs to be done. What we are doing now is failing to keep up with the military needs of our partners but not let them fill the gap on their own. You guys do not seem to realizes how much the USA military has been cut.  Example we used to have 600 ships now we have 200 ships. This stuff about our expanding is just Putin's propaganda making the USA the evil empire so Russia has a reason to keep him in power.

That is factually incorrect I'm afraid, the US navy currently has about 430 ships and submarines in service, and is expanding its spheres of influence in Europe (Land Sea and Air), the Med (inc Black Sea), and the far east...

https://en.wikipedia.org/wiki/List_of_current_ships_of_the_United_States_Navy

That's right we have the largest best trained military in the World.  If we ever get a real CIC with some balls the next time your puppet masters buzz one of our destroyers when we're doing lawful maneuvers in International waters we're going to surround that little Russkie enclave of Kaliningrad, crush it, and then give it back the rightful owner, Germany.  Any questions?  :laugh:

You may have the largest armed forces but most would disagree with best trained.
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 04:39:19 PM
Everyone is cheering "de-dollarisation" but no one is asking, "what happens after that"?

Do you really think, that the same people who set up the post-WW2 system and rode it for 60+ years to their immense profit, power and control, are now going to flop over and say "well, we give up, here, take advantage of the post-USD boom times"?

They destroy one system so that they can benefit from its successor, which has been planned for and designed decades ago.  Guess what:  you ain't in their club.

 :thumbsup:
Title: Re: De-Dollarisation.
Post by: rosco on April 16, 2016, 04:53:29 PM
our interest in Europe was also declining. The level if influence is no where near what it once was in Europe. 

Well, you still occupy Germany (apart from stealing their gold), but in most of Europe, yes, an irrelevance. A spent force on the decline.

You've certainly got some nerve, I grant you that.  You're an unofficial mouthpiece for an Empire which lost an enormous amount of real estate the past few decades and now counts 1 naval base on foreign soil. 

As a Brit you're a citizen of one of the former great Colonial empires of the World and the pound once was the reserve currency of the World.

Could you or Wiz please remind us Americans how many overseas bases the United States has right now?  Sure, we're "irrevelant" and on the "decline".  Coming from the position you occupy that's as ripe as it gets.

Only you can convert the number of overseas naval bases into evidence of being a positive member of the global community. As Brits, we've matured enough to understand that blackmail, plunder, bullying & murder isn't a good thing. I just hope you lot learn quicker than we did but I won't hold my breath.
Title: Re: De-Dollarisation.
Post by: Wiz on April 16, 2016, 06:06:24 PM
Everyone is cheering "de-dollarisation" but no one is asking, "what happens after that"?

Do you really think, that the same people who set up the post-WW2 system and rode it for 60+ years to their immense profit, power and control, are now going to flop over and say "well, we give up, here, take advantage of the post-USD boom times"?

They destroy one system so that they can benefit from its successor, which has been planned for and designed decades ago.  Guess what:  you ain't in their club.

Neoliberalism – the ideology at the root of all our problems

The post-war consensus was almost universal: John Maynard Keynes’s economic prescriptions were widely applied, full employment and the relief of poverty were common goals in the US and much of western Europe, top rates of tax were high and governments sought social outcomes without embarrassment, developing new public services and safety nets.

But in the 1970s, when Keynesian policies began to fall apart and economic crises struck on both sides of the Atlantic, neoliberal ideas began to enter the mainstream. As Friedman remarked, “when the time came that you had to change ... there was an alternative ready there to be picked up”. With the help of sympathetic journalists and political advisers, elements of neoliberalism, especially its prescriptions for monetary policy, were adopted by Jimmy Carter’s administration in the US and Jim Callaghan’s government in Britain.

After Margaret Thatcher and Ronald Reagan took power, the rest of the package soon followed: massive tax cuts for the rich, the crushing of trade unions, deregulation, privatisation, outsourcing and competition in public services. Through the IMF, the World Bank, the Maastricht treaty and the World Trade Organisation, neoliberal policies were imposed – often without democratic consent – on much of the world. Most remarkable was its adoption among parties that once belonged to the left: Labour and the Democrats, for example.

Freedom from trade unions and collective bargaining means the freedom to suppress wages. Freedom from regulation means the freedom to poison rivers, endanger workers, charge iniquitous rates of interest and design exotic financial instruments. Freedom from tax means freedom from the distribution of wealth that lifts people out of poverty.

Where neoliberal policies cannot be imposed domestically, they are imposed internationally, through trade treaties incorporating “investor-state dispute settlement”: offshore tribunals in which corporations can press for the removal of social and environmental protections. When parliaments have voted to restrict sales of cigarettes, protect water supplies from mining companies, freeze energy bills or prevent pharmaceutical firms from ripping off the state, corporations have sued, often successfully. Democracy is reduced to theatre.

Like communism, neoliberalism is the God that failed. But the zombie doctrine staggers on, and one of the reasons is its anonymity. Or rather, a cluster of anonymities.

Neoliberalism’s triumph also reflects the failure of the left. When laissez-faire economics led to catastrophe in 1929, Keynes devised a comprehensive economic theory to replace it. When Keynesian demand management hit the buffers in the 70s, there was an alternative ready. But when neoliberalism fell apart in 2008 there was ... nothing. This is why the zombie walks. The left and centre have produced no new general framework of economic thought for 80 years.

The above snippets are part of a larger articled bublished on the Guardian 14 April 16 by George Monbiot

How Did We Get into This Mess? (http://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H&utm_term=167435&subid=11190449&CMP=EMCNEWEML6619I2)

May I remind our American friends.... that today, the US is not running the show on it's own.
The BRICS group was established and continue developing all the necessary parts to it's own economic system and very soon, when everything is in place then the American hegemony will have a new financial alliance to compete.

The US has the past 2 years  together with Saudi Arabia tried to bankrupt Russia using various methods but at the end has failed. Putin and his team of advisers are not the old guard of Yeltsin who sold everything for a song. Just count how many times won the match against Obama, the past 5 years and got him with his punts down!

We must not forget that Rurria, now, has huge assets of Gold and other cheap natural resources and  whatever the Neoliberals of washigton will try, they are not going to succeed as their assets to support their reserve currency are only toilet paper and debt.

If the Europeans delay to or not sign the TTIP then I am sorry but very soon your currency will be  :censored: and also your economy and you will have to escalate the WWIII, which you fight at present and have direct confrontation with the BRICS.
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 06:17:48 PM
our interest in Europe was also declining. The level if influence is no where near what it once was in Europe. 

Well, you still occupy Germany (apart from stealing their gold), but in most of Europe, yes, an irrelevance. A spent force on the decline.

You've certainly got some nerve, I grant you that.  You're an unofficial mouthpiece for an Empire which lost an enormous amount of real estate the past few decades and now counts 1 naval base on foreign soil. 

As a Brit you're a citizen of one of the former great Colonial empires of the World and the pound once was the reserve currency of the World.

Could you or Wiz please remind us Americans how many overseas bases the United States has right now?  Sure, we're "irrevelant" and on the "decline".  Coming from the position you occupy that's as ripe as it gets.

Only you can convert the number of overseas naval bases into evidence of being a positive member of the global community. As Brits, we've matured enough to understand that blackmail, plunder, bullying & murder isn't a good thing. I just hope you lot learn quicker than we did but I won't hold my breath.

We were not "bullying and murdering" when we saved you guys from your imminent demise in WW1.  Ask Wiz and I'm pretty sure he would tell you that we came to your rescue because of a backroom deal which became the Balfour Declaration.  Many if not a majority of US citizens supported Germany due to ethnicity.  One has to wonder if the World would have been better if we would have remained isolationist and let the Kaiser beat you lot in World War 1.  Some believe WW2 consequently never would have happened.

What is known for sure is we came to your rescue again in WWII.  So obviously I don't care for your attempt to smear my country with your lies.  Bush Jr. was not my favorite guy and Obama even worse.  Try to look before the past 15 years and perhaps you would have a better outlook about the USA.

Going forward if we pull back from the World a bit it's fine with me.  Any talk of the USA being "irrelevant" is just wishful thinking.  Any talk of a sudden collapse of the dollar is also wishful thinking, but especially foolish as it would hurt the World economy the most.

However I wouldn't hold my breath either if I was you, as the powers that be may have other plans.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 16, 2016, 08:11:32 PM
Everyone is cheering "de-dollarisation" but no one is asking, "what happens after that"?

Do you really think, that the same people who set up the post-WW2 system and rode it for 60+ years to their immense profit, power and control, are now going to flop over and say "well, we give up, here, take advantage of the post-USD boom times"?

They destroy one system so that they can benefit from its successor, which has been planned for and designed decades ago.  Guess what:  you ain't in their club.

Yea these guys will be real happy with the new system. It will likely have the poor Chinese or African make as much as the average European or American. Or maybe we should say it in reverse, it will have the average European and/or American making as little money as the average poor Chinese or African. Then the world will be globalized and it will be a fair playing field for everyone. It will be a completely fair system. Surely all of these anti US people will be very happy with this type of system. Be careful what you wish for, you might get it. 
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 09:11:36 PM
Everyone is cheering "de-dollarisation" but no one is asking, "what happens after that"?

Do you really think, that the same people who set up the post-WW2 system and rode it for 60+ years to their immense profit, power and control, are now going to flop over and say "well, we give up, here, take advantage of the post-USD boom times"?

They destroy one system so that they can benefit from its successor, which has been planned for and designed decades ago.  Guess what:  you ain't in their club.

Yea these guys will be real happy with the new system. It will likely have the poor Chinese or African make as much as the average European or American. Or maybe we should say it in reverse, it will have the average European and/or American making as little money as the average poor Chinese or African. Then the world will be globalized and it will be a fair playing field for everyone. It will be a completely fair system. Surely all of these anti US people will be very happy with this type of system. Be careful what you wish for, you might get it.

Trying to steal my sig line?  :laugh:  But yeah, those who wish for the dollars demise don't know what it is they're really getting giddy about.
Title: Re: De-Dollarisation.
Post by: AvHdB on April 16, 2016, 10:02:51 PM

The US has the past 2 years  together with Saudi Arabia tried to bankrupt Russia using various methods but at the end has failed. Putin and his team of advisers are not the old guard of Yeltsin who sold everything for a song. Just count how many times won the match against Obama, the past 5 years and got him with his punts down!


While the article Wiz posts raises some interesting points, there are also some flaws, when I have enough coffee I might read the actual article and not the transcript posted.

As for the gem above, it gets very tiring reading this nonsense. Simply said it is bull shit.

There is something called the world economy. Oil reached levels that put it in tulipmania territory. Suddenly more or less at the same time America was/is ready to become a petro fuel exporter, the world economy (primarily China) did a hickup and demand and consumption in the West primarily the United States declined.

Guess what the price declined, perhaps too far, but that is how markets over the centuries have worked. With the return of Iran to exporting fuel an large increase of the price of crude oil is unlikely to happen.

Most likely Wiz and Andrew will come up with some looney conspiracy drivel ignoring common sense and factors that even a teenager can understand. Suck it up and try too stay reality based, please.

Curious where is Rurria, is that like Erewhon?
Title: Re: De-Dollarisation.
Post by: Anteros on April 16, 2016, 10:18:39 PM

The US has the past 2 years  together with Saudi Arabia tried to bankrupt Russia using various methods but at the end has failed. Putin and his team of advisers are not the old guard of Yeltsin who sold everything for a song. Just count how many times won the match against Obama, the past 5 years and got him with his punts down!


While the article Wiz posts raises some interesting points, there are also some flaws, when I have enough coffee I might read the actual article and not the transcript posted.

As for the gem above, it gets very tiring reading this nonsense. Simply said it is bull shit.

There is something called the world economy. Oil reached levels that put it in tulipmania territory. Suddenly more or less at the same time America was/is ready to become a petro fuel exporter, the world economy (primarily China) did a hickup and demand and consumption in the West primarily the United States declined.

Guess what the price declined, perhaps too far, but that is how markets over the centuries have worked. With the return of Iran to exporting fuel an large increase of the price of crude oil is unlikely to happen.

Most likely Wiz and Andrew will come up with some looney conspiracy drivel ignoring common sense and factors that even a teenager can understand. Suck it up and try too stay reality based, please.


The sanctions against Russia may have only hurt them a little bit -- well at least the wealthy class of Russians.  The inflation I'm sure has hurt the normal people a bit more.

But what's really hurt the Russian economy is clearly the low price of oil.  Due to Iran coming back as an oil exporter, US fracking, Saudi Arabia not wanting to lose market share -- well the price of oil is likely to remain much lower than Russia needs it to be in order to pay for pensions and the rest of their Federal budget.

I don't see how attempting to blame the USA for a swing in oil prices or painting the USA as a declining power and the dollar on the way out is helpful except the whole thread is a way to deflect away from certain sober realities back in Russia, just as the adventure in Syria was.  Eventually all good things come to an end.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 16, 2016, 11:42:40 PM

Trying to steal my sig line?  :laugh:  But yeah, those who wish for the dollars demise don't know what it is they're really getting giddy about.

What is really silly is these guys believe that the dollars is going to go away and the rest of the world is going to be just like it is now except only America will be a poor country. These guys believe this will have little to no effect on Europe, China or the world oil's market ... Russia. Now of course Russia currency collapsed last year and that was only good for the country but such a collapse would be the end of the USA.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 16, 2016, 11:55:10 PM

Trying to steal my sig line?  :laugh:  But yeah, those who wish for the dollars demise don't know what it is they're really getting giddy about.

What is really silly is these guys believe that the dollars is going to go away and the rest of the world is going to be just like it is now except only America will be a poor country. These guys believe this will have little to no effect on Europe, China or the world oil's market ... Russia. Now of course Russia currency collapsed last year and that was only good for the country but such a collapse would be the end of the USA.

Exactly..

I do not think that anyone in their right minds wish to see the US totally collapsed, and would think that many countries in the world would help stop such a collapse from happening, and that includes Russia and China..

All these "Other" countries want really, is for the US to pull its horns in, treat them respectfully, stop trying to force the "US democratic model" (Which they think is the right way to go, ie, LBGTI etc) onto them, stop trying to interfere and undermine their respective governments, if fact, just stop trying to rule the world..

More a case of, sort your own backyard out first and foremost before trying to tell others how to sort theirs out, and live and let live..

If I wished to enjoy US policies, then I would move to live there, but I don't..
Title: Re: De-Dollarisation.
Post by: Anteros on April 17, 2016, 12:06:22 AM

Trying to steal my sig line?  :laugh:  But yeah, those who wish for the dollars demise don't know what it is they're really getting giddy about.

What is really silly is these guys believe that the dollars is going to go away and the rest of the world is going to be just like it is now except only America will be a poor country. These guys believe this will have little to no effect on Europe, China or the world oil's market ... Russia. Now of course Russia currency collapsed last year and that was only good for the country but such a collapse would be the end of the USA.

Exactly..

I do not think that anyone in their right minds wish to see the US totally collapsed, and would think that many countries in the world would help stop such a collapse from happening, and that includes Russia and China..

All these "Other" countries want really, is for the US to pull its horns in, treat them respectfully, stop trying to force the "US democratic model" (Which they think is the right way to go, ie, LBGTI etc) onto them, stop trying to interfere and undermine their respective governments, if fact, just stop trying to rule the world..

More a case of, sort your own backyard out first and foremost before trying to tell others how to sort theirs out, and live and let live..

If I wished to enjoy US policies, then I would move to live there, but I don't..

I can agree with most of what you wrote there, with the exception of Russia's paranoia about NATO and our duty to be the leading member.  This alliance goes back to the end of WWII and was formed as a response to Russia steam rolling Eastern Europe and putting countries behind bars for decades; the iron curtain.  People in Eastern Europe never want to go back to that.  Poland has a right to conduct war drills with the USA in International waters without deliberate and reckless provocations from Russia.  Russia having an enclave near there is beside the point.

The USA keeps our promises to our allies and based on past Russian aggression we are not going anywhere and any fantasy about that is not based on reality.  We have no interest in ruling the World but we will work to protect our allies. 


PS My estimate is that about 55 to 60% of Americans don't care for the LBTG agenda either, it was forced on us by the Liberals. 
Title: Re: De-Dollarisation.
Post by: Gipsy on April 17, 2016, 12:19:37 AM

Trying to steal my sig line?  :laugh:  But yeah, those who wish for the dollars demise don't know what it is they're really getting giddy about.

What is really silly is these guys believe that the dollars is going to go away and the rest of the world is going to be just like it is now except only America will be a poor country. These guys believe this will have little to no effect on Europe, China or the world oil's market ... Russia. Now of course Russia currency collapsed last year and that was only good for the country but such a collapse would be the end of the USA.

Exactly..

I do not think that anyone in their right minds wish to see the US totally collapsed, and would think that many countries in the world would help stop such a collapse from happening, and that includes Russia and China..

All these "Other" countries want really, is for the US to pull its horns in, treat them respectfully, stop trying to force the "US democratic model" (Which they think is the right way to go, ie, LBGTI etc) onto them, stop trying to interfere and undermine their respective governments, if fact, just stop trying to rule the world..

More a case of, sort your own backyard out first and foremost before trying to tell others how to sort theirs out, and live and let live..

If I wished to enjoy US policies, then I would move to live there, but I don't..

I can agree with most of what you wrote there, with the exception of Russia's paranoia about NATO and our duty to be the leading member.  This alliance goes back to the end of WWII and was formed as a response to Russia steam rolling Eastern Europe and putting countries behind bars for decades; the iron curtain.  People in Eastern Europe never want to go back to that.  Poland has a right to conduct war drills with the USA in International waters without deliberate and reckless provocations from Russia.  Russia having an enclave near there is beside the point.

The USA keeps our promises to our allies and based on past Russian aggression we are not going anywhere and any fantasy about that is not based on reality.  We have no interest in ruling the World but we will work to protect our allies. 


PS My estimate is that about 55 to 60% of Americans don't care for the LBTG agenda either, it was forced on us by the Liberals.

STOP, stop, stop Ant..

Go away and find out exactly why NATO was formed, and who was responsible for the beginnings of the "Iron curtain", BEFORE writing any further...
Title: Re: De-Dollarisation.
Post by: Gipsy on April 17, 2016, 12:24:31 AM

The US has the past 2 years  together with Saudi Arabia tried to bankrupt Russia using various methods but at the end has failed. Putin and his team of advisers are not the old guard of Yeltsin who sold everything for a song. Just count how many times won the match against Obama, the past 5 years and got him with his punts down!


While the article Wiz posts raises some interesting points, there are also some flaws, when I have enough coffee I might read the actual article and not the transcript posted.

As for the gem above, it gets very tiring reading this nonsense. Simply said it is bull shit.

There is something called the world economy. Oil reached levels that put it in tulipmania territory. Suddenly more or less at the same time America was/is ready to become a petro fuel exporter, the world economy (primarily China) did a hickup and demand and consumption in the West primarily the United States declined.

Guess what the price declined, perhaps too far, but that is how markets over the centuries have worked. With the return of Iran to exporting fuel an large increase of the price of crude oil is unlikely to happen.

Most likely Wiz and Andrew will come up with some looney conspiracy drivel ignoring common sense and factors that even a teenager can understand. Suck it up and try too stay reality based, please.

Curious where is Rurria, is that like Erewhon?

More often than not, Wizziebaby's posts have interesting, even factual (now and again) points, but his, sometimes warped viewpoints, tend to discolour them. IMHO..
Title: Re: De-Dollarisation.
Post by: msmoby on April 17, 2016, 02:31:31 AM


Go away and find out exactly why NATO was formed, and who was responsible for the beginnings of the "Iron curtain", BEFORE writing any further...

After a great GP - A Russian finishing 3rd going into his home event - I could do with some more entertainment..Please tell us your viewpoint re the 'iron curtain'...
Title: Re: De-Dollarisation.
Post by: AvHdB on April 17, 2016, 03:13:52 AM
Go away and find out exactly why NATO was formed, and who was responsible for the beginnings of the "Iron curtain", BEFORE writing any further...

Go ahead, give this the college try and explain your viewpoint.  :popcorn:
Title: Re: De-Dollarisation.
Post by: andrewfi on April 17, 2016, 03:47:49 AM
Many people consider Churchill's "iron curtain speech" to be the beginning of the Cold War. Of course we now know that before this speech was made that the US and UK had made serious plans to invade Russia and this speech should be read in that context.

These words from the speech are, I suggest, why this speech was a declaration of war.
Note, in particular the following words:
Quote
For that reason the old doctrine of a balance of power is unsound. We cannot afford, if we can help it, to work on narrow margins, offering temptations to a trial of strength.

"The Sinews of Peace" speech, also commonly referred to as the "Iron Curtain" speech, in its entirety:

"The Sinews of Peace" by Winston Churchill

I am glad to come to Westminster College this afternoon, and am complimented that you should give me a degree. The name "Westminster" is somehow familiar to me. I seem to have heard of it before. Indeed, it was at Westminster that I received a very large part of my education in politics, dialectic, rhetoric, and one or two other things. In fact we have both been educated at the same, or similar, or, at any rate, kindred establishments.

It is also an honour, perhaps almost unique, for a private visitor to be introduced to an academic audience by the President of the United States. Amid his heavy burdens, duties, and responsibilities - unsought but not recoiled from - the President has travelled a thousand miles to dignify and magnify our meeting here to-day and to give me an opportunity of addressing this kindred nation, as well as my own countrymen across the ocean, and perhaps some other countries too. The President has told you that it is his wish, as I am sure it is yours, that I should have full liberty to give my true and faithful counsel in these anxious and baffling times. I shall certainly avail myself of this freedom, and feel the more right to do so because any private ambitions I may have cherished in my younger days have been satisfied beyond my wildest dreams. Let me, however, make it clear that I have no official mission or status of any kind, and that I speak only for myself. There is nothing here but what you see.

I can therefore allow my mind, with the experience of a lifetime, to play over the problems which beset us on the morrow of our absolute victory in arms, and to try to make sure with what strength I have that what has been gained with so much sacrifice and suffering shall be preserved for the future glory and safety of mankind.

The United States stands at this time at the pinnacle of world power. It is a solemn moment for the American Democracy. For with primacy in power is also joined an awe-inspiring accountability to the future. If you look around you, you must feel not only the sense of duty done but also you must feel anxiety lest you fall below the level of achievement. Opportunity is here now, clear and shining for both our countries. To reject it or ignore it or fritter it away will bring upon us all the long reproaches of the after-time. It is necessary that constancy of mind, persistency of purpose, and the grand simplicity of decision shall guide and rule the conduct of the English-speaking peoples in peace as they did in war. We must, and I believe we shall, prove ourselves equal to this severe requirement.

When American military men approach some serious situation they are wont to write at the head of their directive the words "over-all strategic concept." There is wisdom in this, as it leads to clarity of thought. What then is the over-all strategic concept which we should inscribe today? It is nothing less than the safety and welfare, the freedom and progress, of all the homes and families of all the men and women in all the lands. And here I speak particularly of the myriad cottage or apartment homes where the wage-earner strives amid the accidents and difficulties of life to guard his wife and children from privation and bring the family up in the fear of the Lord, or upon ethical conceptions which often play their potent part.

To give security to these countless homes, they must be shielded from the two giant marauders, war and tyranny. We all know the frightful disturbances in which the ordinary family is plunged when the curse of war swoops down upon the bread-winner and those for whom he works and contrives. The awful ruin of Europe, with all its vanished glories, and of large parts of Asia glares us in the eyes. When the designs of wicked men or the aggressive urge of mighty States dissolve over large areas the frame of civilised society, humble folk are confronted with difficulties with which they cannot cope. For them all is distorted, all is broken, even ground to pulp.

When I stand here this quiet afternoon I shudder to visualise what is actually happening to millions now and what is going to happen in this period when famine stalks the earth. None can compute what has been called "the unestimated sum of human pain." Our supreme task and duty is to guard the homes of the common people from the horrors and miseries of another war. We are all agreed on that.

Our American military colleagues, after having proclaimed their "over-all strategic concept" and computed available resources, always proceed to the next step - namely, the method. Here again there is widespread agreement. A world organisation has already been erected for the prime purpose of preventing war, UNO, the successor of the League of Nations, with the decisive addition of the United States and all that that means, is already at work. We must make sure that its work is fruitful, that it is a reality and not a sham, that it is a force for action, and not merely a frothing of words, that it is a true temple of peace in which the shields of many nations can some day be hung up, and not merely a cockpit in a Tower of Babel. Before we cast away the solid assurances of national armaments for self-preservation we must be certain that our temple is built, not upon shifting sands or quagmires, but upon the rock. Anyone can see with his eyes open that our path will be difficult and also long, but if we persevere together as we did in the two world wars - though not, alas, in the interval between them - I cannot doubt that we shall achieve our common purpose in the end.

I have, however, a definite and practical proposal to make for action. Courts and magistrates may be set up but they cannot function without sheriffs and constables. The United Nations Organisation must immediately begin to be equipped with an international armed force. In such a matter we can only go step by step, but we must begin now. I propose that each of the Powers and States should be invited to delegate a certain number of air squadrons to the service of the world organisation. These squadrons would be trained and prepared in their own countries, but would move around in rotation from one country to another. They would wear the uniform of their own countries but with different badges. They would not be required to act against their own nation, but in other respects they would be directed by the world organisation. This might be started on a modest scale and would grow as confidence grew. I wished to see this done after the first world war, and I devoutly trust it may be done forthwith.

It would nevertheless be wrong and imprudent to entrust the secret knowledge or experience of the atomic bomb, which the United States, Great Britain, and Canada now share, to the world organisation, while it is still in its infancy. It would be criminal madness to cast it adrift in this still agitated and un-united world. No one in any country has slept less well in their beds because this knowledge and the method and the raw materials to apply it, are at present largely retained in American hands. I do not believe we should all have slept so soundly had the positions been reversed and if some Communist or neo-Fascist State monopolised for the time being these dread agencies. The fear of them alone might easily have been used to enforce totalitarian systems upon the free democratic world, with consequences appalling to human imagination. God has willed that this shall not be and we have at least a breathing space to set our house in order before this peril has to be encountered: and even then, if no effort is spared, we should still possess so formidable a superiority as to impose effective deterrents upon its employment, or threat of employment, by others. Ultimately, when the essential brotherhood of man is truly embodied and expressed in a world organisation with all the necessary practical safeguards to make it effective, these powers would naturally be confided to that world organisation.

Now I come to the second danger of these two marauders which threatens the cottage, the home, and the ordinary people - namely, tyranny. We cannot be blind to the fact that the liberties enjoyed by individual citizens throughout the British Empire are not valid in a considerable number of countries, some of which are very powerful. In these States control is enforced upon the common people by various kinds of all-embracing police governments. The power of the State is exercised without restraint, either by dictators or by compact oligarchies operating through a privileged party and a political police. It is not our duty at this time when difficulties are so numerous to interfere forcibly in the internal affairs of countries which we have not conquered in war. But we must never cease to proclaim in fearless tones the great principles of freedom and the rights of man which are the joint inheritance of the English-speaking world and which through Magna Carta, the Bill of Rights, the Habeas Corpus, trial by jury, and the English common law find their most famous expression in the American Declaration of Independence.

All this means that the people of any country have the right, and should have the power by constitutional action, by free unfettered elections, with secret ballot, to choose or change the character or form of government under which they dwell; that freedom of speech and thought should reign; that courts of justice, independent of the executive, unbiased by any party, should administer laws which have received the broad assent of large majorities or are consecrated by time and custom. Here are the title deeds of freedom which should lie in every cottage home. Here is the message of the British and American peoples to mankind. Let us preach what we practise - let us practise what we preach.

I have now stated the two great dangers which menace the homes of the people: War and Tyranny. I have not yet spoken of poverty and privation which are in many cases the prevailing anxiety. But if the dangers of war and tyranny are removed, there is no doubt that science and co-operation can bring in the next few years to the world, certainly in the next few decades newly taught in the sharpening school of war, an expansion of material well-being beyond anything that has yet occurred in human experience. Now, at this sad and breathless moment, we are plunged in the hunger and distress which are the aftermath of our stupendous struggle; but this will pass and may pass quickly, and there is no reason except human folly of sub-human crime which should deny to all the nations the inauguration and enjoyment of an age of plenty. I have often used words which I learned fifty years ago from a great Irish-American orator, a friend of mine, Mr. Bourke Cockran. "There is enough for all. The earth is a generous mother; she will provide in plentiful abundance food for all her children if they will but cultivate her soil in justice and in peace." So far I feel that we are in full agreement.

Now, while still pursuing the method of realising our overall strategic concept, I come to the crux of what I have travelled here to say. Neither the sure prevention of war, nor the continuous rise of world organisation will be gained without what I have called the fraternal association of the English-speaking peoples. This means a special relationship between the British Commonwealth and Empire and the United States. This is no time for generalities, and I will venture to be precise. Fraternal association requires not only the growing friendship and mutual understanding between our two vast but kindred systems of society, but the continuance of the intimate relationship between our military advisers, leading to common study of potential dangers, the similarity of weapons and manuals of instructions, and to the interchange of officers and cadets at technical colleges. It should carry with it the continuance of the present facilities for mutual security by the joint use of all Naval and Air Force bases in the possession of either country all over the world. This would perhaps double the mobility of the American Navy and Air Force. It would greatly expand that of the British Empire Forces and it might well lead, if and as the world calms down, to important financial savings. Already we use together a large number of islands; more may well be entrusted to our joint care in the near future.

The United States has already a Permanent Defence Agreement with the Dominion of Canada, which is so devotedly attached to the British Commonwealth and Empire. This Agreement is more effective than many of those which have often been made under formal alliances. This principle should be extended to all British Commonwealths with full reciprocity. Thus, whatever happens, and thus only, shall we be secure ourselves and able to work together for the high and simple causes that are dear to us and bode no ill to any. Eventually there may come - I feel eventually there will come - the principle of common citizenship, but that we may be content to leave to destiny, whose outstretched arm many of us can already clearly see.

There is however an important question we must ask ourselves. Would a special relationship between the United States and the British Commonwealth be inconsistent with our over-riding loyalties to the World Organisation? I reply that, on the contrary, it is probably the only means by which that organisation will achieve its full stature and strength. There are already the special United States relations with Canada which I have just mentioned, and there are the special relations between the United States and the South American Republics. We British have our twenty years Treaty of Collaboration and Mutual Assistance with Soviet Russia. I agree with Mr. Bevin, the Foreign Secretary of Great Britain, that it might well be a fifty years Treaty so far as we are concerned. We aim at nothing but mutual assistance and collaboration. The British have an alliance with Portugal unbroken since 1384, and which produced fruitful results at critical moments in the late war. None of these clash with the general interest of a world agreement, or a world organisation; on the contrary they help it. "In my father's house are many mansions." Special associations between members of the United Nations which have no aggressive point against any other country, which harbour no design incompatible with the Charter of the United Nations, far from being harmful, are beneficial and, as I believe, indispensable.

End Part One

Title: Re: De-Dollarisation.
Post by: andrewfi on April 17, 2016, 03:48:11 AM
part two

I spoke earlier of the Temple of Peace. Workmen from all countries must build that temple. If two of the workmen know each other particularly well and are old friends, if their families are inter-mingled, and if they have "faith in each other's purpose, hope in each other's future and charity towards each other's shortcomings" - to quote some good words I read here the other day - why cannot they work together at the common task as friends and partners? Why cannot they share their tools and thus increase each other's working powers? Indeed they must do so or else the temple may not be built, or, being built, it may collapse, and we shall all be proved again unteachable and have to go and try to learn again for a third time in a school of war, incomparably more rigorous than that from which we have just been released. The dark ages may return, the Stone Age may return on the gleaming wings of science, and what might now shower immeasurable material blessings upon mankind, may even bring about its total destruction. Beware, I say; time may be short. Do not let us take the course of allowing events to drift along until it is too late. If there is to be a fraternal association of the kind I have described, with all the extra strength and security which both our countries can derive from it, let us make sure that that great fact is known to the world, and that it plays its part in steadying and stabilising the foundations of peace. There is the path of wisdom. Prevention is better than cure.

A shadow has fallen upon the scenes so lately lighted by the Allied victory. Nobody knows what Soviet Russia and its Communist international organisation intends to do in the immediate future, or what are the limits, if any, to their expansive and proselytising tendencies. I have a strong admiration and regard for the valiant Russian people and for my wartime comrade, Marshal Stalin. There is deep sympathy and goodwill in Britain - and I doubt not here also - towards the peoples of all the Russias and a resolve to persevere through many differences and rebuffs in establishing lasting friendships. We understand the Russian need to be secure on her western frontiers by the removal of all possibility of German aggression. We welcome Russia to her rightful place among the leading nations of the world. We welcome her flag upon the seas. Above all, we welcome constant, frequent and growing contacts between the Russian people and our own people on both sides of the Atlantic. It is my duty however, for I am sure you would wish me to state the facts as I see them to you, to place before you certain facts about the present position in Europe.

From Stettin in the Baltic to Trieste in the Adriatic, an iron curtain has descended across the Continent. Behind that line lie all the capitals of the ancient states of Central and Eastern Europe. Warsaw, Berlin, Prague, Vienna, Budapest, Belgrade, Bucharest and Sofia, all these famous cities and the populations around them lie in what I must call the Soviet sphere, and all are subject in one form or another, not only to Soviet influence but to a very high and, in many cases, increasing measure of control from Moscow. Athens alone - Greece with its immortal glories - is free to decide its future at an election under British, American and French observation. The Russian-dominated Polish Government has been encouraged to make enormous and wrongful inroads upon Germany, and mass expulsions of millions of Germans on a scale grievous and undreamed-of are now taking place. The Communist parties, which were very small in all these Eastern States of Europe, have been raised to pre-eminence and power far beyond their numbers and are seeking everywhere to obtain totalitarian control. Police governments are prevailing in nearly every case, and so far, except in Czechoslovakia, there is no true democracy.

Turkey and Persia are both profoundly alarmed and disturbed at the claims which are being made upon them and at the pressure being exerted by the Moscow Government. An attempt is being made by the Russians in Berlin to build up a quasi-Communist party in their zone of Occupied Germany by showing special favours to groups of left-wing German leaders. At the end of the fighting last June, the American and British Armies withdrew westwards, in accordance with an earlier agreement, to a depth at some points of 150 miles upon a front of nearly four hundred miles, in order to allow our Russian allies to occupy this vast expanse of territory which the Western Democracies had conquered.

If now the Soviet Government tries, by separate action, to build up a pro-Communist Germany in their areas, this will cause new serious difficulties in the British and American zones, and will give the defeated Germans the power of putting themselves up to auction between the Soviets and the Western Democracies. Whatever conclusions may be drawn from these facts - and facts they are - this is certainly not the Liberated Europe we fought to build up. Nor is it one which contains the essentials of permanent peace.

The safety of the world requires a new unity in Europe, from which no nation should be permanently outcast. It is from the quarrels of the strong parent races in Europe that the world wars we have witnessed, or which occurred in former times, have sprung. Twice in our own lifetime we have seen the United States, against their wishes and their traditions, against arguments, the force of which it is impossible not to comprehend, drawn by irresistible forces, into these wars in time to secure the victory of the good cause, but only after frightful slaughter and devastation had occurred. Twice the United States has had to send several millions of its young men across the Atlantic to find the war; but now war can find any nation, wherever it may dwell between dusk and dawn. Surely we should work with conscious purpose for a grand pacification of Europe, within the structure of the United Nations and in accordance with its Charter. That I feel is an open cause of policy of very great importance.

In front of the iron curtain which lies across Europe are other causes for anxiety. In Italy the Communist Party is seriously hampered by having to support the Communist-trained Marshal Tito's claims to former Italian territory at the head of the Adriatic. Nevertheless the future of Italy hangs in the balance. Again one cannot imagine a regenerated Europe without a strong France. All my public life I have worked for a strong France and I never lost faith in her destiny, even in the darkest hours. I will not lose faith now. However, in a great number of countries, far from the Russian frontiers and throughout the world, Communist fifth columns are established and work in complete unity and absolute obedience to the directions they receive from the Communist centre. Except in the British Commonwealth and in the United States where Communism is in its infancy, the Communist parties or fifth columns constitute a growing challenge and peril to Christian civilisation. These are sombre facts for anyone to have to recite on the morrow of a victory gained by so much splendid comradeship in arms and in the cause of freedom and democracy; but we should be most unwise not to face them squarely while time remains.

The outlook is also anxious in the Far East and especially in Manchuria. The Agreement which was made at Yalta, to which I was a party, was extremely favourable to Soviet Russia, but it was made at a time when no one could say that the German war might not extend all through the summer and autumn of 1945 and when the Japanese war was expected to last for a further 18 months from the end of the German war. In this country you are all so well-informed about the Far East, and such devoted friends of China, that I do not need to expatiate on the situation there.

I have felt bound to portray the shadow which, alike in the west and in the east, falls upon the world. I was a high minister at the time of the Versailles Treaty and a close friend of Mr. Lloyd-George, who was the head of the British delegation at Versailles. I did not myself agree with many things that were done, but I have a very strong impression in my mind of that situation, and I find it painful to contrast it with that which prevails now. In those days there were high hopes and unbounded confidence that the wars were over, and that the League of Nations would become all-powerful. I do not see or feel that same confidence or even the same hopes in the haggard world at the present time.

On the other hand I repulse the idea that a new war is inevitable; still more that it is imminent. It is because I am sure that our fortunes are still in our own hands and that we hold the power to save the future, that I feel the duty to speak out now that I have the occasion and the opportunity to do so. I do not believe that Soviet Russia desires war. What they desire is the fruits of war and the indefinite expansion of their power and doctrines. But what we have to consider here to-day while time remains, is the permanent prevention of war and the establishment of conditions of freedom and democracy as rapidly as possible in all countries. Our difficulties and dangers will not be removed by closing our eyes to them. They will not be removed by mere waiting to see what happens; nor will they be removed by a policy of appeasement. What is needed is a settlement, and the longer this is delayed, the more difficult it will be and the greater our dangers will become.

From what I have seen of our Russian friends and Allies during the war, I am convinced that there is nothing they admire so much as strength, and there is nothing for which they have less respect than for weakness, especially military weakness. For that reason the old doctrine of a balance of power is unsound. We cannot afford, if we can help it, to work on narrow margins, offering temptations to a trial of strength. If the Western Democracies stand together in strict adherence to the principles of the United Nations Charter, their influence for furthering those principles will be immense and no one is likely to molest them. If however they become divided or falter in their duty and if these all-important years are allowed to slip away then indeed catastrophe may overwhelm us all.

Last time I saw it all coming and cried aloud to my own fellow-countrymen and to the world, but no one paid any attention. Up till the year 1933 or even 1935, Germany might have been saved from the awful fate which has overtaken her and we might all have been spared the miseries Hitler let loose upon mankind. There never was a war in all history easier to prevent by timely action than the one which has just desolated such great areas of the globe. It could have been prevented in my belief without the firing of a single shot, and Germany might be powerful, prosperous and honoured to-day; but no one would listen and one by one we were all sucked into the awful whirlpool. We surely must not let that happen again. This can only be achieved by reaching now, in 1946, a good understanding on all points with Russia under the general authority of the United Nations Organisation and by the maintenance of that good understanding through many peaceful years, by the world instrument, supported by the whole strength of the English-speaking world and all its connections. There is the solution which I respectfully offer to you in this Address to which I have given the title "The Sinews of Peace."

Let no man underrate the abiding power of the British Empire and Commonwealth. Because you see the 46 millions in our island harassed about their food supply, of which they only grow one half, even in war-time, or because we have difficulty in restarting our industries and export trade after six years of passionate war effort, do not suppose that we shall not come through these dark years of privation as we have come through the glorious years of agony, or that half a century from now, you will not see 70 or 80 millions of Britons spread about the world and united in defence of our traditions, our way of life, and of the world causes which you and we espouse. If the population of the English-speaking Commonwealths be added to that of the United States with all that such co-operation implies in the air, on the sea, all over the globe and in science and in industry, and in moral force, there will be no quivering, precarious balance of power to offer its temptation to ambition or adventure. On the contrary, there will be an overwhelming assurance of security. If we adhere faithfully to the Charter of the United Nations and walk forward in sedate and sober strength seeking no one's land or treasure, seeking to lay no arbitrary control upon the thoughts of men; if all British moral and material forces and convictions are joined with your own in fraternal association, the high-roads of the future will be clear, not only for us but for all, not only for our time, but for a century to come.

The text of Sir Winston Churchill's "The Sinews of Peace" speech is quoted in its entirety from Robert Rhodes James (ed.), Winston S. Churchill: His Complete Speeches 1897-1963 Volume VII: 1943-1949 (New York: Chelsea House Publishers, 1974) 7285-7293.
Title: Re: De-Dollarisation.
Post by: msmoby on April 17, 2016, 04:04:42 AM
Many people consider Churchill's "iron curtain speech" to be the beginning of the Cold War. Of course we now know that before this speech was made that the US and UK had made serious plans to invade Russia and this speech should be read in that context.

If this is rescuing Gypo - he will not thank you...

You might be referring to operation unthinkable

https://en.wikipedia.org/wiki/Operation_Unthinkable (https://en.wikipedia.org/wiki/Operation_Unthinkable)

There were TWO scenarios

1/ a RESPONSE to a surprise attack by the Soviets

2/ an attack on the Soviets...


Neither happened, yes  ?  :'(

W.C simply said what was blooming obvious and only one side felt the need to physically erect a fence..


If you were a Pole, Hungarian or from the previously occupied Baltic States - just a few examples -  this 'need' to erect a buffer meant occupation and subjugation - in the latter States ' not AGAIN ' ...

Interesting... is andrewfi now suggesting such occupations were excusable  ?
Title: Re: De-Dollarisation.
Post by: AvHdB on April 17, 2016, 04:24:46 AM
I was thinking and assuming more that Gypsy would explain who was responsible for the physical creation of the 'Iron Curtain'. And perhaps to explain reasons why it was created.

Many people consider Churchill's "iron curtain speech" to be the beginning of the Cold War. Of course we now know that before this speech was made that the US and UK had made serious plans to invade Russia and this speech should be read in that context.

Without doubt the expression 'Iron Curtain' far predates this speech. The term can refer to metal barrier infront of a shop or used in theaters to slow the spread of flames, much like a fire door.

Educate us about the US and UK serious plans to invade Russia. I do not seem to recall Churchill involving himself with Russia to any large degree. British attempts to invade Russia ended more or less in the last quarter of the 19th century I understand. Having said this, I also recall both The United States and The United Kingdom were involved in the 11 flag expedition post World War One.

I am headed to some luncheon dinner thing and will get back to the subject.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 17, 2016, 04:50:53 AM
Winston Churchill did not coin the term 'Iron Curtain', nor did I suggest that to be the case. Neither did Gipsy as can be seen from the words he wrote. However, I think he was the first to use it in this precise context.

I can only suggest that your recall is sadly lacking. There was a 'thing called The Second World War in which both the UK, lead by Winston Churchill, and Russia had a passing involvement - of course the job of winning the war was done by the USA. ;)

You can do the education for yourself - self directed learning tends to be more effective than master/pupil anyway. Here's a head start for you though: CLICK HERE! (http://bfy.tw/5JLl)

By the way, when you attempt to back fill and hide your obvious errors (or lack of knowledge) try to be, well, better at it.
Title: Re: De-Dollarisation.
Post by: Wiz on April 17, 2016, 06:45:58 AM
Hello campers

One can’t go to sleep and wake up in a beautiful sunshine day in the south of the UK, allowed to enjoy a cup of coffee and a ciggy. Then while smoking his first cigarette, (I know bad habit) open his email in-box and to his surprise to find it full of Trolling posts from the usual brigade of the ANONYMOUS and “well educated” American experts in every subject, shooting in every direction. It is like going to a saloon bar finding the usual big mouth fart ass shouting his wisdom to everybody.

It would be helpful if those big guns from the US divulge a bit of info about their expertise and subject of occupation to support their “ignorant subjective education” and not rely on the “Google lessons “ of Andrewfi, to tell us all that inaccurate information and think us, Europeans uneducated and ignorant like themselves.

As about you AvHdB, apart from your hobbies, sailing boats and horse riding in the karpathians, please tell us what is your other occupation and expertise to help us understand your objective points of view, when you open your mouth?

As I have more important things to do with my life, today, I will love you and leave you with the following question.

Nobody is wishing the American people to suffer or have a financial disaster that will affect the whole world, as it appears to be the path the US Neoliberals are driving your economy but….. can you tell us:


1.   Why the US administration is pushing so hard to impose to the EU, the TTIP agreement as they have already done to the 10 countries who signed the TPA one?

2.   Is it the kind of your generosity always offered to the suffering Europeans, as in the WWI and WWII and has nothing to do with your own interests for survival and domination of the 75% of the world?

3.   Don't you think it is clear that the US has given up 25%  of world influence to the BRICKS, who happen to be missing from both above agreements?

4.   Is it that you are more interested for your hegemony and not to share a more fair spheres of influence?

5.   May I remind you that you have won the war of independence and you were made bankrupt and accepted economical servitude to the Banksters from the UK?

6.   Who do you think is behind all these financial troubles around the world and can you rely on the real owners of the FED to save your bacon?

7.   Is history repeating its self again?


Originally posted on Russian insider:
The NEW US President (http://russia-insider.com/en/hillary-clinton-explained-one-picture-america-waking/ri13926?utm_source=Russia+Insider+Daily+Headlines&utm_campaign=b02ad6b366-Russia_Insider_Daily_Headlines11_21_2014&utm_medium=email&utm_term=0_c626db089c-b02ad6b366-227213477&ct=t%28Russia_Insider_Daily_Headlines11_21_2014%29&mc_cid=b02ad6b366&mc_eid=da9ae1910f)

(http://russia-insider.com/sites/insider/files/styles/1200xauto/public/11273402458167878253.jpg?itok=-_Y6jXoU)
Title: Re: De-Dollarisation.
Post by: Texan77 on April 17, 2016, 08:33:20 AM


6.   Who do you think is behind all these financial troubles around the world and can you rely on the real owners of the FED to save your bacon?



Lets work on just one question here. Much of the world had a FED bank much like the one the US has. As far as I know, they all pretty much have the same owners. That there is much that happen in this world that no one that was ever elected has anything to do with making it happen or the powerful shadow governments of the world are so powerful those that were elected had no choice but to follow.

The big weakness to our form of government is to promise entitlements to people to get votes then let the next man in office try to find away to pay for it. Guess what, this is not working. This is true in most of the world.

The world's FED banks which seem to encourage the process will keep everything going until they deem it time for a change. No they are not going to tell me anything about what that change is going to be but I doubt it is going to be pretty for most of the developed world.

Back in 1971 Nixon went to China and signed an agreement for trade that all but guaranteed China would grow at the expense of the USA. None of us voted on this or even wanted it.  Why would we sign a free trade agreement with a country who then could buy nothing and have nearly free labor. How this going to put Americans to work? Since then these so called trade agreements are not good for us but we keep having them anyway. 

So to answer the question; In the end the FED banks will not save us or the rest of the world. They are a part of the problem.
Title: Re: De-Dollarisation.
Post by: Anteros on April 17, 2016, 09:02:32 AM
Hey Gypo,
I'm anxiously awaiting your version of Iron Curtain history.  Meantime don't be buzzing us in International Waters again.  We've got full rights to put your airplanes in the brink just like we did against Libya back when Reagan was President.  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 17, 2016, 09:38:24 AM
I was thinking and assuming more that Gypsy would explain who was responsible for the physical creation of the 'Iron Curtain'. And perhaps to explain reasons why it was created.

Many people consider Churchill's "iron curtain speech" to be the beginning of the Cold War. Of course we now know that before this speech was made that the US and UK had made serious plans to invade Russia and this speech should be read in that context.

Without doubt the expression 'Iron Curtain' far predates this speech. The term can refer to metal barrier infront of a shop or used in theaters to slow the spread of flames, much like a fire door.

Educate us about the US and UK serious plans to invade Russia. I do not seem to recall Churchill involving himself with Russia to any large degree. British attempts to invade Russia ended more or less in the last quarter of the 19th century I understand. Having said this, I also recall both The United States and The United Kingdom were involved in the 11 flag expedition post World War One.

I am headed to some luncheon dinner thing and will get back to the subject.

I have another more interesting life away from the forum, therefore instant reactions can sometimes be delayed, I have as you will see, started a new thread about the subjects. :coffeeread:

http://ruadventures.com/forum/index.php?action=post;topic=25618.0;last_msg=438209
Title: Re: De-Dollarisation.
Post by: Gipsy on April 17, 2016, 10:17:41 AM
Hey Gypo,
I'm anxiously awaiting your version of Iron Curtain history.  Meantime don't be buzzing us in International Waters again.  We've got full rights to put your airplanes in the brink just like we did against Libya back when Reagan was President.  :coffeeread:

http://ruadventures.com/forum/index.php/topic,25618.msg438209/topicseen.html#msg438209

Read and learn sonnyjim, read and learn..

Beware of putting plane flying in international airspace "In the brink" as you put it..

What Soviet planes, flown by Soviet pilots did you "put in the brink" during your failed Libyan escapade?
Title: Re: De-Dollarisation.
Post by: Gipsy on April 17, 2016, 10:19:49 AM
part two

I spoke earlier of the Temple of Peace. Workmen from all countries must build that temple. If two of the workmen know each other particularly well and are old friends, if their families are inter-mingled, and if they have "faith in each other's purpose, hope in each other's future and charity towards each other's shortcomings" - to quote some good words I read here the other day - why cannot they work together at the common task as friends and partners? Why cannot they share their tools and thus increase each other's working powers? Indeed they must do so or else the temple may not be built, or, being built, it may collapse, and we shall all be proved again unteachable and have to go and try to learn again for a third time in a school of war, incomparably more rigorous than that from which we have just been released. The dark ages may return, the Stone Age may return on the gleaming wings of science, and what might now shower immeasurable material blessings upon mankind, may even bring about its total destruction. Beware, I say; time may be short. Do not let us take the course of allowing events to drift along until it is too late. If there is to be a fraternal association of the kind I have described, with all the extra strength and security which both our countries can derive from it, let us make sure that that great fact is known to the world, and that it plays its part in steadying and stabilising the foundations of peace. There is the path of wisdom. Prevention is better than cure.

A shadow has fallen upon the scenes so lately lighted by the Allied victory. Nobody knows what Soviet Russia and its Communist international organisation intends to do in the immediate future, or what are the limits, if any, to their expansive and proselytising tendencies. I have a strong admiration and regard for the valiant Russian people and for my wartime comrade, Marshal Stalin. There is deep sympathy and goodwill in Britain - and I doubt not here also - towards the peoples of all the Russias and a resolve to persevere through many differences and rebuffs in establishing lasting friendships. We understand the Russian need to be secure on her western frontiers by the removal of all possibility of German aggression. We welcome Russia to her rightful place among the leading nations of the world. We welcome her flag upon the seas. Above all, we welcome constant, frequent and growing contacts between the Russian people and our own people on both sides of the Atlantic. It is my duty however, for I am sure you would wish me to state the facts as I see them to you, to place before you certain facts about the present position in Europe.

From Stettin in the Baltic to Trieste in the Adriatic, an iron curtain has descended across the Continent. Behind that line lie all the capitals of the ancient states of Central and Eastern Europe. Warsaw, Berlin, Prague, Vienna, Budapest, Belgrade, Bucharest and Sofia, all these famous cities and the populations around them lie in what I must call the Soviet sphere, and all are subject in one form or another, not only to Soviet influence but to a very high and, in many cases, increasing measure of control from Moscow. Athens alone - Greece with its immortal glories - is free to decide its future at an election under British, American and French observation. The Russian-dominated Polish Government has been encouraged to make enormous and wrongful inroads upon Germany, and mass expulsions of millions of Germans on a scale grievous and undreamed-of are now taking place. The Communist parties, which were very small in all these Eastern States of Europe, have been raised to pre-eminence and power far beyond their numbers and are seeking everywhere to obtain totalitarian control. Police governments are prevailing in nearly every case, and so far, except in Czechoslovakia, there is no true democracy.

Turkey and Persia are both profoundly alarmed and disturbed at the claims which are being made upon them and at the pressure being exerted by the Moscow Government. An attempt is being made by the Russians in Berlin to build up a quasi-Communist party in their zone of Occupied Germany by showing special favours to groups of left-wing German leaders. At the end of the fighting last June, the American and British Armies withdrew westwards, in accordance with an earlier agreement, to a depth at some points of 150 miles upon a front of nearly four hundred miles, in order to allow our Russian allies to occupy this vast expanse of territory which the Western Democracies had conquered.

If now the Soviet Government tries, by separate action, to build up a pro-Communist Germany in their areas, this will cause new serious difficulties in the British and American zones, and will give the defeated Germans the power of putting themselves up to auction between the Soviets and the Western Democracies. Whatever conclusions may be drawn from these facts - and facts they are - this is certainly not the Liberated Europe we fought to build up. Nor is it one which contains the essentials of permanent peace.

The safety of the world requires a new unity in Europe, from which no nation should be permanently outcast. It is from the quarrels of the strong parent races in Europe that the world wars we have witnessed, or which occurred in former times, have sprung. Twice in our own lifetime we have seen the United States, against their wishes and their traditions, against arguments, the force of which it is impossible not to comprehend, drawn by irresistible forces, into these wars in time to secure the victory of the good cause, but only after frightful slaughter and devastation had occurred. Twice the United States has had to send several millions of its young men across the Atlantic to find the war; but now war can find any nation, wherever it may dwell between dusk and dawn. Surely we should work with conscious purpose for a grand pacification of Europe, within the structure of the United Nations and in accordance with its Charter. That I feel is an open cause of policy of very great importance.

In front of the iron curtain which lies across Europe are other causes for anxiety. In Italy the Communist Party is seriously hampered by having to support the Communist-trained Marshal Tito's claims to former Italian territory at the head of the Adriatic. Nevertheless the future of Italy hangs in the balance. Again one cannot imagine a regenerated Europe without a strong France. All my public life I have worked for a strong France and I never lost faith in her destiny, even in the darkest hours. I will not lose faith now. However, in a great number of countries, far from the Russian frontiers and throughout the world, Communist fifth columns are established and work in complete unity and absolute obedience to the directions they receive from the Communist centre. Except in the British Commonwealth and in the United States where Communism is in its infancy, the Communist parties or fifth columns constitute a growing challenge and peril to Christian civilisation. These are sombre facts for anyone to have to recite on the morrow of a victory gained by so much splendid comradeship in arms and in the cause of freedom and democracy; but we should be most unwise not to face them squarely while time remains.

The outlook is also anxious in the Far East and especially in Manchuria. The Agreement which was made at Yalta, to which I was a party, was extremely favourable to Soviet Russia, but it was made at a time when no one could say that the German war might not extend all through the summer and autumn of 1945 and when the Japanese war was expected to last for a further 18 months from the end of the German war. In this country you are all so well-informed about the Far East, and such devoted friends of China, that I do not need to expatiate on the situation there.

I have felt bound to portray the shadow which, alike in the west and in the east, falls upon the world. I was a high minister at the time of the Versailles Treaty and a close friend of Mr. Lloyd-George, who was the head of the British delegation at Versailles. I did not myself agree with many things that were done, but I have a very strong impression in my mind of that situation, and I find it painful to contrast it with that which prevails now. In those days there were high hopes and unbounded confidence that the wars were over, and that the League of Nations would become all-powerful. I do not see or feel that same confidence or even the same hopes in the haggard world at the present time.

On the other hand I repulse the idea that a new war is inevitable; still more that it is imminent. It is because I am sure that our fortunes are still in our own hands and that we hold the power to save the future, that I feel the duty to speak out now that I have the occasion and the opportunity to do so. I do not believe that Soviet Russia desires war. What they desire is the fruits of war and the indefinite expansion of their power and doctrines. But what we have to consider here to-day while time remains, is the permanent prevention of war and the establishment of conditions of freedom and democracy as rapidly as possible in all countries. Our difficulties and dangers will not be removed by closing our eyes to them. They will not be removed by mere waiting to see what happens; nor will they be removed by a policy of appeasement. What is needed is a settlement, and the longer this is delayed, the more difficult it will be and the greater our dangers will become.

From what I have seen of our Russian friends and Allies during the war, I am convinced that there is nothing they admire so much as strength, and there is nothing for which they have less respect than for weakness, especially military weakness. For that reason the old doctrine of a balance of power is unsound. We cannot afford, if we can help it, to work on narrow margins, offering temptations to a trial of strength. If the Western Democracies stand together in strict adherence to the principles of the United Nations Charter, their influence for furthering those principles will be immense and no one is likely to molest them. If however they become divided or falter in their duty and if these all-important years are allowed to slip away then indeed catastrophe may overwhelm us all.

Last time I saw it all coming and cried aloud to my own fellow-countrymen and to the world, but no one paid any attention. Up till the year 1933 or even 1935, Germany might have been saved from the awful fate which has overtaken her and we might all have been spared the miseries Hitler let loose upon mankind. There never was a war in all history easier to prevent by timely action than the one which has just desolated such great areas of the globe. It could have been prevented in my belief without the firing of a single shot, and Germany might be powerful, prosperous and honoured to-day; but no one would listen and one by one we were all sucked into the awful whirlpool. We surely must not let that happen again. This can only be achieved by reaching now, in 1946, a good understanding on all points with Russia under the general authority of the United Nations Organisation and by the maintenance of that good understanding through many peaceful years, by the world instrument, supported by the whole strength of the English-speaking world and all its connections. There is the solution which I respectfully offer to you in this Address to which I have given the title "The Sinews of Peace."

Let no man underrate the abiding power of the British Empire and Commonwealth. Because you see the 46 millions in our island harassed about their food supply, of which they only grow one half, even in war-time, or because we have difficulty in restarting our industries and export trade after six years of passionate war effort, do not suppose that we shall not come through these dark years of privation as we have come through the glorious years of agony, or that half a century from now, you will not see 70 or 80 millions of Britons spread about the world and united in defence of our traditions, our way of life, and of the world causes which you and we espouse. If the population of the English-speaking Commonwealths be added to that of the United States with all that such co-operation implies in the air, on the sea, all over the globe and in science and in industry, and in moral force, there will be no quivering, precarious balance of power to offer its temptation to ambition or adventure. On the contrary, there will be an overwhelming assurance of security. If we adhere faithfully to the Charter of the United Nations and walk forward in sedate and sober strength seeking no one's land or treasure, seeking to lay no arbitrary control upon the thoughts of men; if all British moral and material forces and convictions are joined with your own in fraternal association, the high-roads of the future will be clear, not only for us but for all, not only for our time, but for a century to come.

The text of Sir Winston Churchill's "The Sinews of Peace" speech is quoted in its entirety from Robert Rhodes James (ed.), Winston S. Churchill: His Complete Speeches 1897-1963 Volume VII: 1943-1949 (New York: Chelsea House Publishers, 1974) 7285-7293.

Thanks Andy  :thumbsup:
Title: Re: De-Dollarisation.
Post by: Wiz on April 17, 2016, 02:36:38 PM


6.   Who do you think is behind all these financial troubles around the world and can you rely on the real owners of the FED to save your bacon?



Lets work on just one question here. Much of the world had a FED bank much like the one the US has. As far as I know, they all pretty much have the same owners. That there is much that happen in this world that no one that was ever elected has anything to do with making it happen or the powerful shadow governments of the world are so powerful those that were elected had no choice but to follow.

The big weakness to our form of government is to promise entitlements to people to get votes then let the next man in office try to find away to pay for it. Guess what, this is not working. This is true in most of the world.

The world's FED banks which seem to encourage the process will keep everything going until they deem it time for a change. No they are not going to tell me anything about what that change is going to be but I doubt it is going to be pretty for most of the developed world.

Back in 1971 Nixon went to China and signed an agreement for trade that all but guaranteed China would grow at the expense of the USA. None of us voted on this or even wanted it.  Why would we sign a free trade agreement with a country who then could buy nothing and have nearly free labor. How this going to put Americans to work? Since then these so called trade agreements are not good for us but we keep having them anyway. 

So to answer the question; In the end the FED banks will not save us or the rest of the world. They are a part of the problem.

Well done Texan.....very well put it and we both agree the problem are the Bankers and the Neoliberal think tanks and politicians. I liked very much your objective view.

Small correction: other countries do not call their Central Banks FED but Bank o England, Bank Of Russia, Bank of Greece etc.and as you said all of them, apart of 3-4 that are independent, are owned by the same Banking cabal.

Can you kindly let us know what you do for living, as I have already asked in my previous post?

Would you try to answer my other questions as you seen to be knowledgeable unlike the other ANONYMUS trolls?

I guess it is you on the Avatar? ... Am I right?
Title: Re: De-Dollarisation.
Post by: Texan77 on April 17, 2016, 06:08:57 PM
I rent housing to low income people as my main source of income.  Yes my avatar is me and I am holding a camera. I also do some photography and video work. The reason for the Question I answered, it was one I thought I could answer without doing any research.
Title: Re: De-Dollarisation.
Post by: AvHdB on April 17, 2016, 10:36:48 PM
Winston Churchill did not coin the term 'Iron Curtain', nor did I suggest that to be the case. Neither did Gipsy as can be seen from the words he wrote. However, I think he was the first to use it in this precise context.

I can only suggest that your recall is sadly lacking. There was a 'thing called The Second World War in which both the UK, lead by Winston Churchill, and Russia had a passing involvement - of course the job of winning the war was done by the USA. ;)

You can do the education for yourself - self directed learning tends to be more effective than master/pupil anyway. Here's a head start for you though: CLICK HERE! (http://bfy.tw/5JLl)

By the way, when you attempt to back fill and hide your obvious errors (or lack of knowledge) try to be, well, better at it.

Thanks for the link interesting

Many people consider Churchill's "iron curtain speech" to be the beginning of the Cold War. Of course we now know that before this speech was made that the US and UK had made serious plans to invade Russia and this speech should be read in that context.

These words from the speech are, I suggest, why this speech was a declaration of war.
Note, in particular the following words:
Quote
For that reason the old doctrine of a balance of power is unsound. We cannot afford, if we can help it, to work on narrow margins, offering temptations to a trial of strength.


I remember reading and using the speech when I was a snot nose in an Ukraine school back in the States.

Andrew (and others) have in the past insulted, ridiculed and other wise belittled other posters, who can not get there facts such as nations correct. So while perhaps yesterday was something of a Moby swerve on your part. I will try to restate the obvious because something is not working in your brain. I wonder though was all the weight you lost in the cerebral cavity.

So to say again Churchill did not negotiate with Russia, when he was meeting in Yalta and Postdam, Stalin was representing the Soviet Union. Even Churchill in his speech got it correct.

As for the term "Iron Curtain' it seems the first political usage is The first recorded application of the term to The Soviet Union, than in its infancy, comes from V. Rozanov's in The Apocalypse of Our Times in 1918. It is not impossible that W. Churchill read this in an English translation of 1920. Below is the passage.

"With clanging, creaking, and squeaking, an iron curtain is lowering over Russian History.'The performance is over.' The audience got up. "Time to put on your fur coats and go home." We looked around, but the fur coats and homes were missing."

Title: Re: De-Dollarisation.
Post by: Wiz on April 18, 2016, 12:08:24 AM
I rent housing to low income people as my main source of income.  Yes my avatar is me and I am holding a camera. I also do some photography and video work. The reason for the Question I answered, it was one I thought I could answer without doing any research.

Thank you very much for your reply.  :thumbsup:

You just proved my view that anybody who is not a troll and has the intention to make objective discussion or debate for any subject, on this and other forums, does not hide behind anonymity and is willing to express openly his own views.

Quote
I do not agree with what you have to say, but I'll defend to the death your right to say it.

Evelyn Beatrice Hall - English writer 1868 -1956


People like you deserve and get my respect!  tiphat
Title: Re: De-Dollarisation.
Post by: AvHdB on April 18, 2016, 12:17:46 AM

6.   Who do you think is behind all these financial troubles around the world and can you rely on the real owners of the FED to save your bacon?


Lets work on just one question here. Much of the world had a FED bank much like the one the US has. As far as I know, they all pretty much have the same owners. That there is much that happen in this world that no one that was ever elected has anything to do with making it happen or the powerful shadow governments of the world are so powerful those that were elected had no choice but to follow.

The big weakness to our form of government is to promise entitlements to people to get votes then let the next man in office try to find away to pay for it. Guess what, this is not working. This is true in most of the world.

The world's FED banks which seem to encourage the process will keep everything going until they deem it time for a change. No they are not going to tell me anything about what that change is going to be but I doubt it is going to be pretty for most of the developed world.

Back in 1971 Nixon went to China and signed an agreement for trade that all but guaranteed China would grow at the expense of the USA. None of us voted on this or even wanted it.  Why would we sign a free trade agreement with a country who then could buy nothing and have nearly free labor. How this going to put Americans to work? Since then these so called trade agreements are not good for us but we keep having them anyway. 

So to answer the question; In the end the FED banks will not save us or the rest of the world. They are a part of the problem.

Well done Texan.....very well put it and we both agree the problem are the Bankers and the Neoliberal think tanks and politicians. I liked very much your objective view.

Small correction: other countries do not call their Central Banks FED but Bank o England, Bank Of Russia, Bank of Greece etc.and as you said all of them, apart of 3-4 that are independent, are owned by the same Banking cabal.

At times RUA is an odd lot.

We might often agree but disagree because we are different points on a circle, I also am very curious as to what happens behind the closed doors of the FED. In the past I have supported R. Paul's attempts to audit the FED. The not so funny thing is a vast majority of American citizen's feel the same way and yet as far as I know not ONE of the remaining candidates has mentioned the FED.

Sort of sad it seems no matter who is President, Joe Public will be screwed again.

Wiz curious what are the currencies that are independent in your opinion?
Title: Re: De-Dollarisation.
Post by: Wiz on April 18, 2016, 12:44:53 AM

6.   Who do you think is behind all these financial troubles around the world and can you rely on the real owners of the FED to save your bacon?


Lets work on just one question here. Much of the world had a FED bank much like the one the US has. As far as I know, they all pretty much have the same owners. That there is much that happen in this world that no one that was ever elected has anything to do with making it happen or the powerful shadow governments of the world are so powerful those that were elected had no choice but to follow.

The big weakness to our form of government is to promise entitlements to people to get votes then let the next man in office try to find away to pay for it. Guess what, this is not working. This is true in most of the world.

The world's FED banks which seem to encourage the process will keep everything going until they deem it time for a change. No they are not going to tell me anything about what that change is going to be but I doubt it is going to be pretty for most of the developed world.

Back in 1971 Nixon went to China and signed an agreement for trade that all but guaranteed China would grow at the expense of the USA. None of us voted on this or even wanted it.  Why would we sign a free trade agreement with a country who then could buy nothing and have nearly free labor. How this going to put Americans to work? Since then these so called trade agreements are not good for us but we keep having them anyway. 

So to answer the question; In the end the FED banks will not save us or the rest of the world. They are a part of the problem.

Well done Texan.....very well put it and we both agree the problem are the Bankers and the Neoliberal think tanks and politicians. I liked very much your objective view.

Small correction: other countries do not call their Central Banks FED but Bank o England, Bank Of Russia, Bank of Greece etc.and as you said all of them, apart of 3-4 that are independent, are owned by the same Banking cabal.

At times RUA is an odd lot.

We might often agree but disagree because we are different points on a circle, I also am very curious as to what happens behind the closed doors of the FED. In the past I have supported R. Paul's attempts to audit the FED. The not so funny thing is a vast majority of American citizen's feel the same way and yet as far as I know not ONE of the remaining candidates has mentioned the FED.

Sort of sad it seems no matter who is President, Joe Public will be screwed again.

Wiz curious what are the currencies that are independent in your opinion?

I was talking about the National Banks who have the right to issue their National currency and not for independent currencies!

Currencies need to have "Convertibility" to serve the country's economy, so there are "Floating currencies", like the Pound, Dollar, Euro, Japanese Yen and Australian Dollar and also "fixed Currencies" whose value is tied to that of another currency, gold or to a currency basket.

Title: Re: De-Dollarisation.
Post by: AvHdB on April 18, 2016, 01:42:18 AM

6.   Who do you think is behind all these financial troubles around the world and can you rely on the real owners of the FED to save your bacon?


Lets work on just one question here. Much of the world had a FED bank much like the one the US has. As far as I know, they all pretty much have the same owners. That there is much that happen in this world that no one that was ever elected has anything to do with making it happen or the powerful shadow governments of the world are so powerful those that were elected had no choice but to follow.

The big weakness to our form of government is to promise entitlements to people to get votes then let the next man in office try to find away to pay for it. Guess what, this is not working. This is true in most of the world.

The world's FED banks which seem to encourage the process will keep everything going until they deem it time for a change. No they are not going to tell me anything about what that change is going to be but I doubt it is going to be pretty for most of the developed world.

Back in 1971 Nixon went to China and signed an agreement for trade that all but guaranteed China would grow at the expense of the USA. None of us voted on this or even wanted it.  Why would we sign a free trade agreement with a country who then could buy nothing and have nearly free labor. How this going to put Americans to work? Since then these so called trade agreements are not good for us but we keep having them anyway. 

So to answer the question; In the end the FED banks will not save us or the rest of the world. They are a part of the problem.

Well done Texan.....very well put it and we both agree the problem are the Bankers and the Neoliberal think tanks and politicians. I liked very much your objective view.

Small correction: other countries do not call their Central Banks FED but Bank o England, Bank Of Russia, Bank of Greece etc.and as you said all of them, apart of 3-4 that are independent, are owned by the same Banking cabal.

At times RUA is an odd lot.

We might often agree but disagree because we are different points on a circle, I also am very curious as to what happens behind the closed doors of the FED. In the past I have supported R. Paul's attempts to audit the FED. The not so funny thing is a vast majority of American citizen's feel the same way and yet as far as I know not ONE of the remaining candidates has mentioned the FED.

Sort of sad it seems no matter who is President, Joe Public will be screwed again.

Wiz curious what are the currencies that are independent in your opinion?

I was talking about the National Banks who have the right to issue their National currency and not for independent currencies!

Currencies need to have "Convertibility" to serve the country's economy, so there are "Floating currencies", like the Pound, Dollar, Euro, Japanese Yen and Australian Dollar and also "fixed Currencies" whose value is tied to that of another currency, gold or to a currency basket.

Wiz, My bad, excuses. I phrased the question in a clumsy way. Which National Banks representing there country puts there citizens benefits and well being before that of a bunch of self serving bankers parasites in Manhattan and London?

My own guess would be that Norway would be part of this group, sometimes I admire some of the policies of South Africa. But my GUESS could be wrong.

NB: Edit after posting spelling & adjective.
Title: Re: De-Dollarisation.
Post by: Wiz on April 18, 2016, 02:16:08 AM

The US has the past 2 years  together with Saudi Arabia tried to bankrupt Russia using various methods but at the end has failed. Putin and his team of advisers are not the old guard of Yeltsin who sold everything for a song. Just count how many times won the match against Obama, the past 5 years and got him with his punts down!


While the article Wiz posts raises some interesting points, there are also some flaws, when I have enough coffee I might read the actual article and not the transcript posted.

As for the gem above, it gets very tiring reading this nonsense. Simply said it is bull shit.

There is something called the world economy. Oil reached levels that put it in tulipmania territory. Suddenly more or less at the same time America was/is ready to become a petro fuel exporter, the world economy (primarily China) did a hickup and demand and consumption in the West primarily the United States declined.

Guess what the price declined, perhaps too far, but that is how markets over the centuries have worked. With the return of Iran to exporting fuel an large increase of the price of crude oil is unlikely to happen.

Most likely Wiz and Andrew will come up with some looney conspiracy drivel ignoring common sense and factors that even a teenager can understand. Suck it up and try too stay reality based, please.

Curious where is Rurria, is that like Erewhon?

Your memory after the fresh air in the Karpathians is failing you as I have already spoke, on this thread post No 384, http://ruadventures.com/forum/index.php/topic,24660.msg434810.html#msg434810
about the oil prices in the past and why it's happening!

Before opening your mouth and spiting out rubbish, I suggest you read very carefully my  comments made there and don't rush to your usual "Mr know all" attitude to cal them BS.

Here are some more additional information on the subject, for your consideration and hope you understand what I meant with my earlier post!

The US, to achieve its aims.... against Russia, has promised security support to Saudi Arabia and as part of it, it's supplying Saudi with military equipment and ammunition and also with fighter planes, to continue its bombing operations and genocide in Yemen.

Do you know how many soldiers Saudi have moved to Turkey with the view to attack Syria together with them?

I read in some defense sites.... around 150 000 personnel but can't vouch for it!

The oil price has fallen well bellow the cost to producers of Fracking oil and as several of them closed down some correction has taken place and last week was trading around $40 dollars, still below their cost. Today after no agreement between the OPEC producers and Russia is trading at $38.44 in the East markets. According to the WSJ it can go down to $30 in few days. Wait and see.  http://www.wsj.com/articles/oil-prices-set-to-fall-after-producers-fail-to-reach-deal-at-doha-1460927579

I am sure you do realize that the US is trying to keep Russia busy opening many fronts, like the latest episode in Armenia and Azerbaijan and the open case of Ukraine, Minsk agreement and continue playing games in the Baltic's and so on. For this reason the Russian Government had to freeze salaries for the next 2 years and cancel certain big projects. The security and assimilation of Crimea is important and takes priority.

Now for your information.... I read the latest report about the Russian foreign reserves and went up for the last quarter, together with the Gold reserves.

don't forget the report on this board, by Andrew, for the cost of oil and gas to Russia.

Obviously the Russian economy continues functioning satisfactory despite the additional cost and is nowhere near to go bust!

The us is nowhere near to start exporting gas to EU as they have not the LNG facilities and the ports ready!

Title: Re: De-Dollarisation.
Post by: AvHdB on April 18, 2016, 03:51:52 AM

The US has the past 2 years  together with Saudi Arabia tried to bankrupt Russia using various methods but at the end has failed. Putin and his team of advisers are not the old guard of Yeltsin who sold everything for a song. Just count how many times won the match against Obama, the past 5 years and got him with his punts down!


While the article Wiz posts raises some interesting points, there are also some flaws, when I have enough coffee I might read the actual article and not the transcript posted.

As for the gem above, it gets very tiring reading this nonsense. Simply said it is bull shit.

There is something called the world economy. Oil reached levels that put it in tulipmania territory. Suddenly more or less at the same time America was/is ready to become a petro fuel exporter, the world economy (primarily China) did a hickup and demand and consumption in the West primarily the United States declined.

Guess what the price declined, perhaps too far, but that is how markets over the centuries have worked. With the return of Iran to exporting fuel an large increase of the price of crude oil is unlikely to happen.

Most likely Wiz and Andrew will come up with some looney conspiracy drivel ignoring common sense and factors that even a teenager can understand. Suck it up and try too stay reality based, please.

Curious where is Rurria, is that like Erewhon?

Your memory after the fresh air in the Karpathians is failing you as I have already spoke, on this thread post No 384, http://ruadventures.com/forum/index.php/topic,24660.msg434810.html#msg434810
about the oil prices in the past and why it's happening!

Before opening your mouth and spiting out rubbish, I suggest you read very carefully my  comments made there and don't rush to your usual "Mr know all" attitude to cal them BS.

Here are some more additional information on the subject, for your consideration and hope you understand what I meant with my earlier post!

The US, to achieve its aims.... against Russia, has promised security support to Saudi Arabia and as part of it, it's supplying Saudi with military equipment and ammunition and also with fighter planes, to continue its bombing operations and genocide in Yemen.

Do you know how many soldiers Saudi have moved to Turkey with the view to attack Syria together with them?

I read in some defense sites.... around 150 000 personnel but can't vouch for it!

The oil price has fallen well bellow the cost to producers of Fracking oil and as several of them closed down some correction has taken place and last week was trading around $40 dollars, still below their cost. Today after no agreement between the OPEC producers and Russia is trading at $38.44 in the East markets. According to the WSJ it can go down to $30 in few days. Wait and see.  http://www.wsj.com/articles/oil-prices-set-to-fall-after-producers-fail-to-reach-deal-at-doha-1460927579

I am sure you do realize that the US is trying to keep Russia busy opening many fronts, like the latest episode in Armenia and Azerbaijan and the open case of Ukraine, Minsk agreement and continue playing games in the Baltic's and so on. For this reason the Russian Government had to freeze salaries for the next 2 years and cancel certain big projects. The security and assimilation of Crimea is important and takes priority.

Now for your information.... I read the latest report about the Russian foreign reserves and went up for the last quarter, together with the Gold reserves.

don't forget the report on this board, by Andrew, for the cost of oil and gas to Russia.

Obviously the Russian economy continues functioning satisfactory despite the additional cost and is nowhere near to go bust!

The us is nowhere near to start exporting gas to EU as they have not the LNG facilities and the ports ready!

Wiz, In my line of work, old masters and the 19th century, we say Ius non scriptum an unwritten rule, that the longer the story & BS the more likely you are looking at an forgery or copy.

So is it with this conspiracy.

I am a big believer in the KISS theory.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 18, 2016, 09:53:27 AM
Russia does more to shoot itself in the foot than the US could ever do to harm it. Russia has done as much as any country to make the price of oil low by pushing get Iran oil back on the market and continue to expand drilling as price came down. The Russia shot itself again in eastern Ukraine. Everyone would have left them alone in one year with just a few light sanctions if they just took Crimea but no they had to turn this into a war. Then Russia lost is closes friend in NATO and the European pipeline when it sanction Turkey. Russia's on going aggressive behavior has scared NATO countries to expand defense budgets. Health care in Russia budget cut as defense budget expands to be by far the largest item in the Russian budget. No European country spends near as large of a percentage of its GDP as Russia on defense nor does the USA. The list goes on but no one will every complain in Russia because of the server consequences to anyone who publish the other side of the stories.
Title: Re: De-Dollarisation.
Post by: rosco on April 18, 2016, 10:44:19 AM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.

Title: Re: De-Dollarisation.
Post by: AvHdB on April 18, 2016, 10:45:39 AM
Russia does more to shoot itself in the foot than the US could ever do to harm it. Russia has done as much as any country to make the price of oil low by pushing get Iran oil back on the market and continue to expand drilling as price came down. The Russia shot itself again in eastern Ukraine. Everyone would have left them alone in one year with just a few light sanctions if they just took Crimea but no they had to turn this into a war. Then Russia lost is closes friend in NATO and the European pipeline when it sanction Turkey. Russia's on going aggressive behavior has scared NATO countries to expand defense budgets. Health care in Russia budget cut as defense budget expands to be by far the largest item in the Russian budget. No European country spends near as large of a percentage of its GDP as Russia on defense nor does the USA. The list goes on but no one will every complain in Russia because of the server consequences to anyone who publish the other side of the stories.

While I would nuance some of the above differently it seems to be a fairly accurate assessment. Historically going back centuries Putin is following a well worn Russian path.

The one success that Vlady can claim is to cause permanent resentment in about 40 million odd people.

 :party0031: Way to go! Congratulations  :party0011:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 18, 2016, 11:40:35 AM
Russia does more to shoot itself in the foot than the US could ever do to harm it. Russia has done as much as any country to make the price of oil low by pushing get Iran oil back on the market and continue to expand drilling as price came down. The Russia shot itself again in eastern Ukraine. Everyone would have left them alone in one year with just a few light sanctions if they just took Crimea but no they had to turn this into a war. Then Russia lost is closes friend in NATO and the European pipeline when it sanction Turkey. Russia's on going aggressive behavior has scared NATO countries to expand defense budgets. Health care in Russia budget cut as defense budget expands to be by far the largest item in the Russian budget. No European country spends near as large of a percentage of its GDP as Russia on defense nor does the USA. The list goes on but no one will every complain in Russia because of the server consequences to anyone who publish the other side of the stories.

Russia does tend to shoot itself in the foot now and again, but I would challenge some of your statement.

The price of oil was already nearing its lowest recent point well before Iran came on-stream, the reason for the low oil value was massive overproduction due to KSA & others wishing to damage US fracking.

When looking at defence budgets, it is more accurate to look at actual $ costs rather than % of GDP, if you do this, it will become clearer to you just who spends the most $ on defence, Russia is not at the top of this list.

Just to be a little more factual about Eastern Ukraine, who was it who actually started the war there??

Closest friend DO NOT shot down each others aircraft by entrapment. (I suspect that the US's hands are also not completely clean in this situation).

The European pipeline, "Turkish stream", had been in doubt long before the Syria situation arose, it was being blocked by Turkey's NATO partner who's main aim was/is to lay several pipelines through Turkey/Syria/KSA/Iraq to supply Europe with gas, in direct competition to Russia. (Those clever enough to understand this will realise why the US was involved with forces against the Syrian government).

The health care budget has remained untouched as far as I am aware, and will remain at the same level as it was last year.

But, again, I agree with you, that Russia has shot itself through the foot on more than one occasion, but there again, there are several other countries in the world also shooting Russia through the foot..

Btw, I heard some fairly good news last week, a Russian company for whom I have done some work for in the past, has won a $400 million contract against US & Chinese companies, to supply its products to non other than the US, good news eh!!!

I have no fear of any repercussions for posting my views about Russia, or any other country for that matter.



Title: Re: De-Dollarisation.
Post by: Gipsy on April 18, 2016, 11:42:24 AM
Russia does more to shoot itself in the foot than the US could ever do to harm it. Russia has done as much as any country to make the price of oil low by pushing get Iran oil back on the market and continue to expand drilling as price came down. The Russia shot itself again in eastern Ukraine. Everyone would have left them alone in one year with just a few light sanctions if they just took Crimea but no they had to turn this into a war. Then Russia lost is closes friend in NATO and the European pipeline when it sanction Turkey. Russia's on going aggressive behavior has scared NATO countries to expand defense budgets. Health care in Russia budget cut as defense budget expands to be by far the largest item in the Russian budget. No European country spends near as large of a percentage of its GDP as Russia on defense nor does the USA. The list goes on but no one will every complain in Russia because of the server consequences to anyone who publish the other side of the stories.

While I would nuance some of the above differently it seems to be a fairly accurate assessment. Historically going back centuries Putin is following a well worn Russian path.

The one success that Vlady can claim is to cause permanent resentment in about 40 million odd people.[/i][/u]

 :party0031: Way to go! Congratulations  :party0011:

Lets hope that they find solace within Europe....   :ROFL: :ROFL:
Title: Re: De-Dollarisation.
Post by: Anteros on April 18, 2016, 12:05:48 PM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.


Hogwash.  Doing things the hard way, causing their own internal suffering, is a particular Russian trait that no other nation on earth that I know of is capable of.  As Shakespear rightly said, their currency is near garbage and the country is nothing but a feudal state run by thieves.  Their primary occupation is stealing from the Russian people themselves, but always looking for an external boogy man to blame.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 18, 2016, 12:20:49 PM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.


Hogwash.  Doing things the hard way, causing their own internal suffering, is a particular Russian trait that no other nation on earth that I know of is capable of.  As Shakespear rightly said, their currency is near garbage and the country is nothing but a feudal state run by thieves.  Their primary occupation is stealing from the Russian people themselves, but always looking for an external boogy man to blame.

And you of course would know from first hand experience of suffering life in such a corrupt country..   :laugh:

Actually, I would have expected such a response from another member here, but not from a man of high intellect and worldly knowledge as you...
Title: Re: De-Dollarisation.
Post by: rosco on April 18, 2016, 01:08:52 PM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.


Hogwash.  Doing things the hard way, causing their own internal suffering, is a particular Russian trait that no other nation on earth that I know of is capable of.  As Shakespear rightly said, their currency is near garbage and the country is nothing but a feudal state run by thieves.  Their primary occupation is stealing from the Russian people themselves, but always looking for an external boogy man to blame.

And you of course would know from first hand experience of suffering life in such a corrupt country..   :laugh:

Actually, I would have expected such a response from another member here, but not from a man of high intellect and worldly knowledge as you...

The mans breastfed straight from the tit of uncle Sam.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 18, 2016, 05:39:31 PM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!


Most of us go for Ukrainian women or those of other FSU countries not Russian women at this time. Regime change in Russia will not likely happen soon as Putin is in too much control including the public opinion at this time. We do not have to isolate Russia, Putin does that for us. But understand that is what is needed for him to stay in power. If there is no big bad west then Russia does not need Putin and his war machine.

When it come to shooting down the Jet in Turkey none of you see at it all from the Turkish side. These people that Russia were bombing are ethnic Turks. Many of them were civilians with relatives in Turkey. Russia is supporting a government in Syria that is very unpopular in Turkey. What would happen if the USA would bomb ethnic Russians in Ukraine to support the government there. Then one of our jets would flown into Russia air space. Russia has this double standard that they can do anything and it is right because they are Russia. Then whine much worse than Donald Trump when it does not go their way.

Russia has used gas price as a weapon in Europe. Europeans are tired of Russia and all of this. Why else would they pay more for gas coming from the USA?

This piece on Fox news was apparently just something they did trying to fill time. These news programs go one for hours and they have got to fill the time. It is, of course, poor quality and sadly FOX does this often. I did not watch all of it but even this bit about the Keystone pipeline was not correct. The oil in this pipeline would have little value at this time with the low price of oil. The oil that this pipeline would bring to market is of low quality and it is cheaper for the refineries to process higher grade oil that is available cheap now. I think Putin would of thought it funny if we would spent the money to build this money losing project.

Understand FOX news is not owned by the USA government and should be seen for what it is. A bunch of people trying to fill air time on TV. Some of what they say has value but most of it does not.
Title: Re: De-Dollarisation.
Post by: Anteros on April 18, 2016, 06:16:18 PM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.


Hogwash.  Doing things the hard way, causing their own internal suffering, is a particular Russian trait that no other nation on earth that I know of is capable of.  As Shakespear rightly said, their currency is near garbage and the country is nothing but a feudal state run by thieves.  Their primary occupation is stealing from the Russian people themselves, but always looking for an external boogy man to blame.

And you of course would know from first hand experience of suffering life in such a corrupt country..   :laugh:

Actually, I would have expected such a response from another member here, but not from a man of high intellect and worldly knowledge as you...

I know Russian history and attitudes better than the average bear.  Please tell me, why at the outset of Operation Barbossa when the Germans invaded the former Soviet Union, the average German soldier was able kill approximately 10 of his Soviet counterparts?  I'm sure you know the answer.  Yet even today, Stalin is held in high regard by some, when in fact it was he who put them in the awful position they were at the start of the war.

Now with your man Mr. Putin at the helm, they rightfully said that Putin resided over a huge growth in the Russian economy and there was actually a middle class emerging.

I'm 100% convinced Putin knew that seizing Crimea would result in sanctions, and invading East Ukraine with his hybrid tactics would keep the sanctions in place.

What better way to stop the middle class of Russia from continuing a normal path of getting the latest technologies and ways of doing things from the West, then to create his "struggle" with the West and in particular the USA?

For example, why would chess master Gary Kasporav need to leave Russia and write a book called "Winter is Coming" about Putin's Russia?

Why was Kodorkovsky in prison for so many years, and then exiled to the West?

You know why.  Putin is a relic of the cold war; a guy who once wanted to remove computers from all official Russian governmental offices and replace them with typewriters.   :ROFL: 

Why find a way to do things better, when the number one guy doesn't want it?  Why get with the times and do things efficiently, like most of the World?

So when the middle class is growing and they might ask too many questions, wag the tail of the dog, create a distraction, have your own counter sanctions, create artificial struggle with the West, and keep the jack boot of Putin's inner circle on the neck of the aspirations of normal Russians to have a better economy and life.


Title: Re: De-Dollarisation.
Post by: Anteros on April 18, 2016, 06:24:24 PM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.


Hogwash.  Doing things the hard way, causing their own internal suffering, is a particular Russian trait that no other nation on earth that I know of is capable of.  As Shakespear rightly said, their currency is near garbage and the country is nothing but a feudal state run by thieves.  Their primary occupation is stealing from the Russian people themselves, but always looking for an external boogy man to blame.

And you of course would know from first hand experience of suffering life in such a corrupt country..   :laugh:

Actually, I would have expected such a response from another member here, but not from a man of high intellect and worldly knowledge as you...

The mans breastfed straight from the tit of uncle Sam.

Speaking of breastfeeding and young children, you should ask yourself why the official Belarusian version regarding Chernobyl, birth defects, early deaths of children, etc. due to high nuclear fallout in Gomel has been suppressed?

A particular Russian way of doing things.  Put you head in the sand and pretend there is not a problem.  Of course, I'm only spewing Western propaganda, right?

Title: Re: De-Dollarisation.
Post by: Anteros on April 18, 2016, 06:37:41 PM
Russia does more to shoot itself in the foot than the US could ever do to harm it. Russia has done as much as any country to make the price of oil low by pushing get Iran oil back on the market and continue to expand drilling as price came down. The Russia shot itself again in eastern Ukraine. Everyone would have left them alone in one year with just a few light sanctions if they just took Crimea but no they had to turn this into a war. Then Russia lost is closes friend in NATO and the European pipeline when it sanction Turkey. Russia's on going aggressive behavior has scared NATO countries to expand defense budgets. Health care in Russia budget cut as defense budget expands to be by far the largest item in the Russian budget. No European country spends near as large of a percentage of its GDP as Russia on defense nor does the USA. The list goes on but no one will every complain in Russia because of the server consequences to anyone who publish the other side of the stories.

While I would nuance some of the above differently it seems to be a fairly accurate assessment. Historically going back centuries Putin is following a well worn Russian path.

The one success that Vlady can claim is to cause permanent resentment in about 40 million odd people.[/i][/u]

 :party0031: Way to go! Congratulations  :party0011:

Lets hope that they find solace within Europe....   :ROFL: :ROFL:

Let's not.  Let's hope they learn how to build their own country, from the bottom up, into something like what West Germany did in the early 1950's. 
Title: Re: De-Dollarisation.
Post by: AvHdB on April 18, 2016, 11:14:29 PM
One of the basic realities that is common to both Russia and the United States and that is in often overlooked on RUA is there are two similar and parallel forces at ‘play’ in both countries. There is the political and projection of world power of the rulers of each country and these dictate foreign policy.

In Russia there has been an intelligent if not manipulative leader with a clear agenda for more than a decade. Some in America and de facto the greater West see it as evil dictator. There are those Westward of Russia’s current borders that are uncomfortable with this. My opinion Putin is looking out for those he represents

In America a country lacking a clear viewpoint on one side you have a president that for the eight years was unable to stamp is vision on the worlds future, as he wanted it. Than there is the old school that harbours a deep mistrust (perhaps quite rightly so) of what they still perceive as the (evil) Soviet Union.

Than there is Joe Public, in the fly overs, who prefers Budweiser, who more or less follows what ever crap is pushed through mass media, but is suspicious of politicians, lawyers and reporters. He does not have a passport, thinks Europe is filled with foreigners and does not give a rat’s ass what happens on lands an ocean away. He wants to watch in the summer baseball and for the better part of winter American football he knows more professional sports statistics than names of foreign capitals. When the weather permits has frequently a good barbeque. He and his spouse are basically decent and will help a stranger or neighbour with out being cynical or wondering what’s in it for me. He will roll with the punches and come out bruised but standing.

Ivan Ivanoff, has the occasional vodka and cares little to what happens beyond the mother lands borders. He listens and reads state TV of news that is filled with propaganda and sort wonders if this is the whole truth. He works for his family and prizes his shaslik, it’s the best. Generally suspicious of foreigners, and reserved gives them the benefit of the doubt. But he does not understand why they cannot think like him. He does not really care to know the names of foreign capitals. Further he sees little reason to have an international passport only to visit lands that refuse to understand him. He feels strongly about his local soccer and is passionate about the national team even if the coach is a foreigner.  Adversity and difficulties is not a new thing and he will proceed till he reaches his goal.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 19, 2016, 01:30:16 AM
Russia does more to shoot itself in the foot than the US could ever do to harm it. Russia has done as much as any country to make the price of oil low by pushing get Iran oil back on the market and continue to expand drilling as price came down. The Russia shot itself again in eastern Ukraine. Everyone would have left them alone in one year with just a few light sanctions if they just took Crimea but no they had to turn this into a war. Then Russia lost is closes friend in NATO and the European pipeline when it sanction Turkey. Russia's on going aggressive behavior has scared NATO countries to expand defense budgets. Health care in Russia budget cut as defense budget expands to be by far the largest item in the Russian budget. No European country spends near as large of a percentage of its GDP as Russia on defense nor does the USA. The list goes on but no one will every complain in Russia because of the server consequences to anyone who publish the other side of the stories.

While I would nuance some of the above differently it seems to be a fairly accurate assessment. Historically going back centuries Putin is following a well worn Russian path.

The one success that Vlady can claim is to cause permanent resentment in about 40 million odd people.[/i][/u]

 :party0031: Way to go! Congratulations  :party0011:

Lets hope that they find solace within Europe....   :ROFL: :ROFL:

Let's not.  Let's hope they learn how to build their own country, from the bottom up, into something like what West Germany did in the early 1950's.

 :dh:
Title: Re: De-Dollarisation.
Post by: Manny on April 19, 2016, 01:33:44 AM
Of course, I'm only spewing Western propaganda

 :nod:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 19, 2016, 01:44:53 AM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.


Hogwash.  Doing things the hard way, causing their own internal suffering, is a particular Russian trait that no other nation on earth that I know of is capable of.  As Shakespear rightly said, their currency is near garbage and the country is nothing but a feudal state run by thieves.  Their primary occupation is stealing from the Russian people themselves, but always looking for an external boogy man to blame.

And you of course would know from first hand experience of suffering life in such a corrupt country..   :laugh:

Actually, I would have expected such a response from another member here, but not from a man of high intellect and worldly knowledge as you...

The mans breastfed straight from the tit of uncle Sam.

Speaking of breastfeeding and young children, you should ask yourself why the official Belarusian version regarding Chernobyl, birth defects, early deaths of children, etc. due to high nuclear fallout in Gomel has been suppressed?

A particular Russian way of doing things.  Put you head in the sand and pretend there is not a problem.  Of course, I'm only spewing Western propaganda, right?

I would suggest that nobody here will not agree with you that there is still a problem from fallout from Chernobyl.

What is much more important, is:
1, Analyse the root cause of the problem, why it happened, and implement procedures to ensure that it cannot happen again.
2, Ensure that those affected receive the best available assistance to reduce the know risks.

Information from the effects on peoples health in Gomel is also available on the Internet.

http://www.who.int/gho/en/

A good place to start
Title: Re: De-Dollarisation.
Post by: Gipsy on April 19, 2016, 01:47:18 AM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!

I know it works both ways and there's plenty proof that ones as bad as the other, but currently there's more sympathy towards Russia than i can ever remember. I suspect social media has done wonders for myth busting and governments are finding it harder to hide behind layers of bull shite.

Here's a clip from none other than our favourite FOX. Listen to these two, ignorant jumped up imbeciles spouting their bile on national television. One of them even thinks Europe is a country. :sick0012:

I'm not anti American and I have a lot of time for many of its people. Foreign policy however, disgusting.


Hogwash.  Doing things the hard way, causing their own internal suffering, is a particular Russian trait that no other nation on earth that I know of is capable of.  As Shakespear rightly said, their currency is near garbage and the country is nothing but a feudal state run by thieves.  Their primary occupation is stealing from the Russian people themselves, but always looking for an external boogy man to blame.

And you of course would know from first hand experience of suffering life in such a corrupt country..   :laugh:

Actually, I would have expected such a response from another member here, but not from a man of high intellect and worldly knowledge as you...

I know Russian history and attitudes better than the average bear.  Please tell me, why at the outset of Operation Barbossa when the Germans invaded the former Soviet Union, the average German soldier was able kill approximately 10 of his Soviet counterparts?  I'm sure you know the answer.  Yet even today, Stalin is held in high regard by some, when in fact it was he who put them in the awful position they were at the start of the war.

Now with your man Mr. Putin at the helm, they rightfully said that Putin resided over a huge growth in the Russian economy and there was actually a middle class emerging.

I'm 100% convinced Putin knew that seizing Crimea would result in sanctions, and invading East Ukraine with his hybrid tactics would keep the sanctions in place.

What better way to stop the middle class of Russia from continuing a normal path of getting the latest technologies and ways of doing things from the West, then to create his "struggle" with the West and in particular the USA?

For example, why would chess master Gary Kasporav need to leave Russia and write a book called "Winter is Coming" about Putin's Russia?

Why was Kodorkovsky in prison for so many years, and then exiled to the West?

You know why.  Putin is a relic of the cold war; a guy who once wanted to remove computers from all official Russian governmental offices and replace them with typewriters.   :ROFL: 

Why find a way to do things better, when the number one guy doesn't want it?  Why get with the times and do things efficiently, like most of the World?

So when the middle class is growing and they might ask too many questions, wag the tail of the dog, create a distraction, have your own counter sanctions, create artificial struggle with the West, and keep the jack boot of Putin's inner circle on the neck of the aspirations of normal Russians to have a better economy and life.

Later when I have more time...
Title: Re: De-Dollarisation.
Post by: AvHdB on April 19, 2016, 02:16:29 AM
My opinion this thread should be cleaned up and a new thread split off.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 19, 2016, 03:55:59 AM

I know Russian history and attitudes better than the average bear.  Please tell me, why at the outset of Operation Barbossa when the Germans invaded the former Soviet Union, the average German soldier was able kill approximately 10 of his Soviet counterparts?  I'm sure you know the answer.  Yet even today, Stalin is held in high regard by some, when in fact it was he who put them in the awful position they were at the start of the war.


Without wishing to defend the evil Stalin in any way, we have to assess what his options were in this situation.
He had an small army, and an untrained large body of men, they had a rifle between 6 of them, and 5-10 rounds of ammo.
The question facing him was very simple, pull as much as possible in such a short time back to the Urals, or put this body of men with some of his army to face the well trained, battle hardened, well equipped German army and air force (which Stalin also lacked), knowing that few would survive, but, they may just be able to slow up the German advance to win enough time to acquire more arms, ammunition, equipment, training of men.
What exactly would you do??

Now with your man Mr. Putin at the helm, they rightfully said that Putin resided over a huge growth in the Russian economy and there was actually a middle class emerging.

It did and is continuing to grow.

I'm 100% convinced Putin knew that seizing Crimea would result in sanctions, and invading East Ukraine with his hybrid tactics would keep the sanctions in place.

He probably knew that the west would react to Crimea, as the wets wanted Crimea for a NATO base.
There was NO invasion of eastern Ukraine, get your facts right..

What better way to stop the middle class of Russia from continuing a normal path of getting the latest technologies and ways of doing things from the West, then to create his "struggle" with the West and in particular the USA?

Although pre Crimea open sanctions were not in place, secret sanctions had been going on for many years.
Also, the western ways of doing "Things" are not always the best, much depends upon the cultures.

For example, why would chess master Gary Kasporav need to leave Russia and write a book called "Winter is Coming" about Putin's Russia?

A failed politician riddled with jealousy, who also wished to jump on and control the bandwagon, the same as any of the mob, he was/is just as corrupt as any of them, but, because they didn't like him/his policies/vision, he tried/is still trying to show the world how right he was and how much better Russia would have been with him at the helm, a typical waste of space like the rest of them.

Why was Kodorkovsky in prison for so many years, and then exiled to the West?

Because he was/is corrupt/greedy beyond compare and got his fingers caught in the till.
That he got away with Billions of $ which he still has is unrelated of course.

You know why.  Putin is a relic of the cold war; a guy who once wanted to remove computers from all official Russian governmental offices and replace them with typewriters.   :ROFL:

Computers can and are very often hacked, what better way to stop such events than to give everyone word processors instead. (Check how many wp's are in use in the uS govt areas, you may be very much surprised. 

Why find a way to do things better, when the number one guy doesn't want it?  Why get with the times and do things efficiently, like most of the World?

The number 1 guy does want it, the past 8 years have seen massive investment in these areas, but its a very difficult process, remember just how long it has taken others to become more efficient, or for how long the US has been trying to catch up with the Japanese..

So when the middle class is growing and they might ask too many questions, wag the tail of the dog, create a distraction, have your own counter sanctions, create artificial struggle with the West, and keep the jack boot of Putin's inner circle on the neck of the aspirations of normal Russians to have a better economy and life.

That's probably the most nearly accurate statement that you have made.
In defence, one can argue that the counter sanctions have produced excellent results so far and are improving as I write, Russia is losing the need of the previously excessive amounts of imports which made them lazy, now they have woken up to the reality that they are capable of producing the majority of the previously imported products themselves, and at a better cost.
Title: Re: De-Dollarisation.
Post by: AvHdB on April 19, 2016, 05:17:13 AM

I know Russian history and attitudes better than the average bear.  Please tell me, why at the outset of Operation Barbossa when the Germans invaded the former Soviet Union, the average German soldier was able kill approximately 10 of his Soviet counterparts?  I'm sure you know the answer.  Yet even today, Stalin is held in high regard by some, when in fact it was he who put them in the awful position they were at the start of the war.

Without wishing to defend the evil Stalin in any way, we have to assess what his options were in this situation.
He had an small army, and an untrained large body of men, they had a rifle between 6 of them, and 5-10 rounds of ammo.
The question facing him was very simple, pull as much as possible in such a short time back to the Urals, or put this body of men with some of his army to face the well trained, battle hardened, well equipped German army and air force (which Stalin also lacked), knowing that few would survive, but, they may just be able to slow up the German advance to win enough time to acquire more arms, ammunition, equipment, training of men.
What exactly would you do??

For start I would listen to your military advisors & generals who warned the Third Reich was coming, instead of executing them.

I am having business lunch shortly so I will answer the other points latter on.
Title: Re: De-Dollarisation.
Post by: Wiz on April 19, 2016, 06:02:10 AM
Or......

You guys are doing your best to isolate Russia and instigate regime change for your own benefit. If you can wean Europe off Russian oil & gas and take the trade over the Atlantic, job done. The american obsession with the old enemy knows no bounds and the contempt many have for Russia is obvious. This type of mentality can only be adopted through years of propaganda and its really sad to see. Even worse, many of these types go looking for a Russian wife....figure that out!



1). Most of us go for Ukrainian women or those of other FSU countries not Russian women at this time. 2). Regime change in Russia will not likely happen soon as Putin is in too much control including the public opinion at this time. We do not have to isolate Russia, Putin does that for us. But understand that is what is needed for him to stay in power. If there is no big bad west then Russia does not need Putin and his war machine.

3). When it come to shooting down the Jet in Turkey none of you see at it all from the Turkish side. These people that Russia were bombing are ethnic Turks. Many of them were civilians with relatives in Turkey. 4). Russia is supporting a government in Syria that is very unpopular in Turkey. What would happen if the USA would bomb ethnic Russians in Ukraine to support the government there.Then one of our jets would flown into Russia air space. 5). Russia has this double standard that they can do anything and it is right because they are Russia. Then whine much worse than Donald Trump when it does not go their way.

6). Russia has used gas price as a weapon in Europe. Europeans are tired of Russia and all of this. Why else would they pay more for gas coming from the USA?

7). This piece on Fox news was apparently just something they did trying to fill time. These news programs go one for hours and they have got to fill the time. It is, of course, poor quality and sadly FOX does this often. I did not watch all of it but even this bit about the Keystone pipeline was not correct. The oil in this pipeline would have little value at this time with the low price of oil. The oil that this pipeline would bring to market is of low quality and it is cheaper for the refineries to process higher grade oil that is available cheap now. I think Putin would of thought it funny if we would spent the money to build this money losing project.

Understand FOX news is not owned by the USA government and should be seen for what it is. A bunch of people trying to fill air time on TV. Some of what they say has value but most of it does not.

Texan 77

Extremely disappointed to read your above comments, after your previous reply to one of the questions I made. I thought you are different and objective and you do not fall for media propaganda. Oh well your live and learn, as they say here.!

The video I watched on Fox TV, is old one (check the date) and full of propaganda and crap. We have moved a lot ever since.

1). Over the years on these boards, I have noticed Americans go for the cheap and more desperate market, because the Russians have better standard of living and not that desperate to escape.

2). At least you understand you have no hope in hell getting rid of Putin and with public support behind him…. You can’t  :censored: Russia again, and treat it as you have done in the Yeltsin years. Russians recognise what he has done for their country, despite all the corruption by the oligarchs. The priority of any patriotic leader is to modernise his country’s defences, if his country is surrounded by possible enemies, as it’s the case with Russia. Look the Map of Russia and USA and you will notice that Russia has frontiers with 18 countries in the south, unlike the USA. Common sense dictates that and the US doesn’t like strong opposition or sharing influence around the globe.

3). I suggest you read again the info and learn who were the people in that area, that Russian planes were bombing to close down the corridor from where ISIS were getting their American army and other supplies.

It is pretty obvious who indicated their agreement, in the G7 meeting in Antalya, for the shooting down of the Russian fighter. The Russians were informing the American’s about their flying…. So the Turks were waiting the Russian planes! Turkey is a member of NATO and Ertogan will never dare to do anything without American approval otherwise he is out in days?

4). In Syria, it’s normal that Russia was looking after its own interests and was helping an old ally, to establish better control of its country unlike the Americans, who supposedly were bombing ISIS and their puppet Ertogan, was training and transporting to them the American supplies. Ertogan’s daughter was taking care of the ISIS wounded in Turkey and his Son was selling the ISIS stolen Oil! So what you don’t understand about Ertogan’s dislike of Assad?

When the bombing of the Donbass started? Was it coincident that the CIA director, John Brennan, visited P. Poroshenko a couple of days before?

5). You are obviously talking about USA and not Russia, that has the power and does exactly as you say to any poor country in the world! People of other poor countries are spellbound of your democratic values and follow your actions with religious obsession.  :sick0012:
 
Take a look at this article and note the date was published: Anti-Americanism: Causes and Characteristics (http://www.pewglobal.org/2003/12/10/anti-americanism-causes-and-characteristics/)
 
6). Europe has been receiving oil and gas supplies since the USSR years. I don’t remember there were problems before until the US and Germany put their nose in Ukraine.

When you start exporting oil and gas to Europe…. Comeback and tell us all about it!

BTW it was the greedy banksters and the seven oil sisters that increased the cost of oil and gas, after the 1st Israeli v Arabs war, and when Putin came to power… was very happy to follow and sell oil at $120 a barrel. When the US realised that Putin was getting very strong in currency and Gold reserves changed their tactic but then it was too late!

7). Already told you it’s crap. The owner of Fox tried the same influence in the UK, with his papers and was  :censored:

I suggest, if you want to continue been respected, post only serious and objective comments.

Do not follow the ignorant trolls.
 :popcorn:
Title: Re: De-Dollarisation.
Post by: Wiz on April 19, 2016, 06:43:36 AM

I know Russian history and attitudes better than the average bear.  Please tell me, why at the outset of Operation Barbossa when the Germans invaded the former Soviet Union, the average German soldier was able kill approximately 10 of his Soviet counterparts?  I'm sure you know the answer.  Yet even today, Stalin is held in high regard by some, when in fact it was he who put them in the awful position they were at the start of the war.

Without wishing to defend the evil Stalin in any way, we have to assess what his options were in this situation.
He had an small army, and an untrained large body of men, they had a rifle between 6 of them, and 5-10 rounds of ammo.
The question facing him was very simple, pull as much as possible in such a short time back to the Urals, or put this body of men with some of his army to face the well trained, battle hardened, well equipped German army and air force (which Stalin also lacked), knowing that few would survive, but, they may just be able to slow up the German advance to win enough time to acquire more arms, ammunition, equipment, training of men.
What exactly would you do??

For start I would listen to your military advisors & generals who warned the Third Reich was coming, instead of executing them.

I am having business lunch shortly so I will answer the other points latter on.

Absolutely correct and he was lucky to have Zhukov, later.

Stalin was also lucky that Hitler choose to help Mussolini and invaded Greece, where he lost a couple of months of good weather, before starting the "Barbarossa" invasion of Russia.

During the Battle of Crete , the Germans formidable and invincible weapon , the parachutists , the spear-head of the Nazi forces , was completely annihilated . The parachutists suffered a devastating blow from which they never recovered. Most of the first wave of paratroopers was annihilated within minutes following their drop. A large number of planes were shot down or crush landed after serious anti-aircraft damage.

Title: Re: De-Dollarisation.
Post by: Gipsy on April 19, 2016, 08:14:17 AM

I know Russian history and attitudes better than the average bear.  Please tell me, why at the outset of Operation Barbossa when the Germans invaded the former Soviet Union, the average German soldier was able kill approximately 10 of his Soviet counterparts?  I'm sure you know the answer.  Yet even today, Stalin is held in high regard by some, when in fact it was he who put them in the awful position they were at the start of the war.

Without wishing to defend the evil Stalin in any way, we have to assess what his options were in this situation.
He had an small army, and an untrained large body of men, they had a rifle between 6 of them, and 5-10 rounds of ammo.
The question facing him was very simple, pull as much as possible in such a short time back to the Urals, or put this body of men with some of his army to face the well trained, battle hardened, well equipped German army and air force (which Stalin also lacked), knowing that few would survive, but, they may just be able to slow up the German advance to win enough time to acquire more arms, ammunition, equipment, training of men.
What exactly would you do??

For start I would listen to your military advisors & generals who warned the Third Reich was coming, instead of executing them.

I am having business lunch shortly so I will answer the other points latter on.

The military persons who were either executed or imprisoned happened between 1936 & 1938, before the war began in Europe, also well before the start of preceding's with Russia.
A terrible thing it was, and is inexcusable, but I would repudiate your suggestion that had this not happened Russia would have been better prepared for war.
It is to be noted, that actual executions represented about 7% of military officers/commissars, given that some of the most senior members were included, also note that these people were NOT tried for attempting to warn Stalin about the German build up and possible war against Russia.
The reasons for this could be a subject of another discussion as they seem to be irrelevant to the current subject.

Enjoy your lunch..
Title: Re: De-Dollarisation.
Post by: Dogsoldier on April 19, 2016, 08:24:15 AM


Texan 77

Extremely disappointed to read your above comments, after your previous reply to one of the questions I made. I thought you are different and objective and you do not fall for media propaganda. Oh well your live and learn, as they say here.!

The video I watched on Fox TV, is old one (check the date) and full of propaganda and crap. We have moved a lot ever since.

1). Over the years on these boards, I have noticed Americans go for the cheap and more desperate market, because the Russians have better standard of living and not that desperate to escape.

2). At least you understand you have no hope in hell getting rid of Putin and with public support behind him…. You can’t  :censored: Russia again, and treat it as you have done in the Yeltsin years. Russians recognise what he has done for their country, despite all the corruption by the oligarchs. The priority of any patriotic leader is to modernise his country’s defences, if his country is surrounded by possible enemies, as it’s the case with Russia. Look the Map of Russia and USA and you will notice that Russia has frontiers with 18 countries in the south, unlike the USA. Common sense dictates that and the US doesn’t like strong opposition or sharing influence around the globe.

3). I suggest you read again the info and learn who were the people in that area, that Russian planes were bombing to close down the corridor from where ISIS were getting their American army and other supplies.

It is pretty obvious who indicated their agreement, in the G7 meeting in Antalya, for the shooting down of the Russian fighter. The Russians were informing the American’s about their flying…. So the Turks were waiting the Russian planes! Turkey is a member of NATO and Ertogan will never dare to do anything without American approval otherwise he is out in days?

4). In Syria, it’s normal that Russia was looking after its own interests and was helping an old ally, to establish better control of its country unlike the Americans, who supposedly were bombing ISIS and their puppet Ertogan, was training and transporting to them the American supplies. Ertogan’s daughter was taking care of the ISIS wounded in Turkey and his Son was selling the ISIS stolen Oil! So what you don’t understand about Ertogan’s dislike of Assad?

When the bombing of the Donbass started? Was it coincident that the CIA director, John Brennan, visited P. Poroshenko a couple of days before?

5). You are obviously talking about USA and not Russia, that has the power and does exactly as you say to any poor country in the world! People of other poor countries are spellbound of your democratic values and follow your actions with religious obsession.  :sick0012:
 
Take a look at this article and note the date was published: Anti-Americanism: Causes and Characteristics (http://www.pewglobal.org/2003/12/10/anti-americanism-causes-and-characteristics/)
 
6). Europe has been receiving oil and gas supplies since the USSR years. I don’t remember there were problems before until the US and Germany put their nose in Ukraine.

When you start exporting oil and gas to Europe…. Comeback and tell us all about it!

BTW it was the greedy banksters and the seven oil sisters that increased the cost of oil and gas, after the 1st Israeli v Arabs war, and when Putin came to power… was very happy to follow and sell oil at $120 a barrel. When the US realised that Putin was getting very strong in currency and Gold reserves changed their tactic but then it was too late!

7). Already told you it’s crap. The owner of Fox tried the same influence in the UK, with his papers and was  :censored:

I suggest, if you want to continue been respected, post only serious and objective comments.

Do not follow the ignorant trolls.
 :popcorn:
Wiz, what a howler, coming from you.  :ROFL:  :ROFL:
Title: Re: De-Dollarisation.
Post by: Anteros on April 20, 2016, 12:59:24 PM
Of course, I'm only spewing Western propaganda

 :nod:

You're now sometime writing for sites owned by friends of the Kremlin.  This site gets RT funding.

Of course, when Putin claimed that these highly trained paratroopers got lost, that was NOT propaganda.   :ROFL:

http://www.voanews.com/content/ukraine-captured-troops-proof-of-russian-role-in-separatist-fight/2428732.html

The mountains of evidence that Russia did indeed invade Eastern Ukraine boggles the mind.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 20, 2016, 02:36:46 PM
Of course, I'm only spewing Western propaganda

 :nod:

You're now sometime writing for sites owned by friends of the Kremlin.  This site gets RT funding.

Of course, when Putin claimed that these highly trained paratroopers got lost, that was NOT propaganda.   :ROFL:

http://www.voanews.com/content/ukraine-captured-troops-proof-of-russian-role-in-separatist-fight/2428732.html

The mountains of evidence that Russia did indeed invade Eastern Ukraine boggles the mind.

The Voice of America (VOA) is the official external broadcast institution of the United States federal government. The VOA provides programming for broadcast on radio, TV, and the Internet outside of the U.S.,

The Voice of America is fully funded by the U.S. government.

Some scholars and commentators consider the Voice of America to be a form of propaganda.

(Quotes from Wiki)

Ant, you have the balls to complain about RT but quote this propaganda rag... :ROFL: :ROFL:
Title: Re: De-Dollarisation.
Post by: Manny on April 20, 2016, 02:41:39 PM
Ant, you have the balls to complain about RT but quote this propaganda rag... :ROFL: :ROFL:

Maybe he will ask VOA if they want to run an ad here?  :chuckle:
Title: Re: De-Dollarisation.
Post by: Anteros on April 20, 2016, 03:09:02 PM
Of course, I'm only spewing Western propaganda

 :nod:

You're now sometime writing for sites owned by friends of the Kremlin.  This site gets RT funding.

Of course, when Putin claimed that these highly trained paratroopers got lost, that was NOT propaganda.   :ROFL:

http://www.voanews.com/content/ukraine-captured-troops-proof-of-russian-role-in-separatist-fight/2428732.html

The mountains of evidence that Russia did indeed invade Eastern Ukraine boggles the mind.

The Voice of America (VOA) is the official external broadcast institution of the United States federal government. The VOA provides programming for broadcast on radio, TV, and the Internet outside of the U.S.,

The Voice of America is fully funded by the U.S. government.

Some scholars and commentators consider the Voice of America to be a form of propaganda.

(Quotes from Wiki)

Ant, you have the balls to complain about RT but quote this propaganda rag... :ROFL: :ROFL:

No Gypo you missed the point.  VOA was only carrying in English, what had been carried in Russian and Ukrainian by the Ukrainians, who captured Russian paratroopers who were supposedly "lost" in Ukraine.

That my friend is propaganda.  We know eventually Putin will smirk and joke, "of course I sent Russian soldiers and tanks into E. Ukraine"; just like he did with Crimea.
Title: Re: De-Dollarisation.
Post by: Anteros on April 20, 2016, 03:10:18 PM
Ant, you have the balls to complain about RT but quote this propaganda rag... :ROFL: :ROFL:

Maybe he will ask VOA if they want to run an ad here?  :chuckle:

Maybe I will.  Lord knows if you had more exposure you might revive your website back to what it was before.  :laugh:
Title: Re: De-Dollarisation.
Post by: Gipsy on April 20, 2016, 04:15:37 PM
Of course, I'm only spewing Western propaganda

 :nod:

You're now sometime writing for sites owned by friends of the Kremlin.  This site gets RT funding.

Of course, when Putin claimed that these highly trained paratroopers got lost, that was NOT propaganda.   :ROFL:

http://www.voanews.com/content/ukraine-captured-troops-proof-of-russian-role-in-separatist-fight/2428732.html

The mountains of evidence that Russia did indeed invade Eastern Ukraine boggles the mind.

The Voice of America (VOA) is the official external broadcast institution of the United States federal government. The VOA provides programming for broadcast on radio, TV, and the Internet outside of the U.S.,

The Voice of America is fully funded by the U.S. government.

Some scholars and commentators consider the Voice of America to be a form of propaganda.

(Quotes from Wiki)

Ant, you have the balls to complain about RT but quote this propaganda rag... :ROFL: :ROFL:

No Gypo you missed the point.  VOA was only carrying in English, what had been carried in Russian and Ukrainian by the Ukrainians, who captured Russian paratroopers who were supposedly "lost" in Ukraine.

That my friend is propaganda.  We know eventually Putin will smirk and joke, "of course I sent Russian soldiers and tanks into E. Ukraine"; just like he did with Crimea.

I missed nothing, the original story was released by Ukraine, the soldiers got lost because their GPS was not working, so the US was again at fault for blocking GPS satellite comms... :ROFL:

Crimea was returned to its rightful home, job done..

Russia does not want to own the Donbass areas, they want what the people there want, full autonomy within Ukraine, give them that and all will be well..

Oh, and pay me back for the new window in my extended family's apartment, cos they never will... :ROFL:
Title: Re: De-Dollarisation.
Post by: Tom Cat on April 21, 2016, 01:59:43 PM

BRICS Under Attack: Western Banks, Governments Launch Full-Spectrum Assault On Russia

http://russia-insider.com/en/politics/brics-under-attack-western-banks-governments-launch-full-spectrum-assault-russia/ri14006
Title: Re: ''De-Dollarisation.''
Post by: msmoby on May 03, 2016, 01:51:29 PM
'de-dollarsation' was not exactly evident at the Sochi Yacht show..

Everything was priced in Dollars or Euros  :coffeeread:

(https://farm8.staticflickr.com/7056/26194608663_a9bda8180b_b.jpg)

(https://farm8.staticflickr.com/7227/26705210182_022b410f0d_b.jpg)

(https://farm8.staticflickr.com/7672/26773930186_d7cc2dce5c_b.jpg)
Title: Re: De-Dollarisation.
Post by: Manny on May 06, 2016, 12:21:39 PM
Synopsis of a conversation with a chap today in China who owns a factory:

"How much are these if I take 5000?"
"$X each"
"Why are we talking dollars in China when I am not American? Do we need to use a currency foreign to both of us? I'd prefer not to use dollars."
"I agree with you, our government is trying to get people away from using the dollar actually, its outdated for us now, its just habit. Pounds or RMB?"
"RMB is fine"
"RMB it is"

An interesting side conversation we had as a result of that exchange covered Russia, Syria and America. He said their media is now talking about American aggression across the world where they seldom did before. He also said the discussion in Chinese media had started about China joining in with Russia in Syria.

We discussed Russia, he said Russia and Putin are generally well regarded in China. Certainly, there are no shortage of Russians at the trade fair I am at here in China. It is the language I hear most after Chinese and English. He said despite the Rouble being weaker, Russians are still buying. They are just haggling more.

Dry humour is something you seldom see in the Chinese. I asked him if he had similar political conversations with his American customers, he said, "What can you tell them? They all watch CNN". Made me laugh anyway.........

Needless to say, a deal was done, and not in dollars.

A little tale I thought I'd share kinda relevant with the above.

In my continuing quest to de-dollarise, I have one Chinese company I deal with who were stuck in the dollar rut. They rejected my previous ideas to pay in another currency with modest orders in the past.

This week I am discussing with them an order that is circa £40k. Ball is in my court now.  :evilgrin0002:

I said this:

Quote
Is it necessary we always use US Dollars? It isnt my currency or yours. For me it makes no sense some Chinese companies still want to use the American dollar with people who are not American. Many are now eschewing the dollar in line with Chinese government recommendations. I am just as happy to pay in Pounds, Euros, Yuan or HK$. US Dollars really don't suit me.

And within the hour I got back:

Quote
I attached the new quotations in EUR. or you want to pay in Pounds, HK$, whichever is ok!
When we sending PI to you next time, we can according to the current rate of international monetary market and not use dollar. Is it ok?

Bingo! They were the only one I deal with in China still holding out for dollars. My last nut to crack as it were. No USD for me now in China.   ;D
Title: Re: De-Dollarisation.
Post by: cufflinks on May 13, 2016, 11:34:40 AM
This is from the Sovereign Society email today - renamed after lead editor Bob Bauman's son with a respectful nod to his Dad one of their primary writers and thought leaders in the Sovereign Society organization - not known as panic sky is falling Gold touts...

I am looking very closely at the various Everbank FDIC insured CDs - baskets of currencies and commodities likely to rise when the the global economy recovers eventually and not likely to evaporate if the dollar and social safety nets in the USA disintegrate.

From: The Bauman Letter <info@sovereignsociety.com>

Dear Doomsday Scenario:

American retirees have feared the day our nation would no longer be able to pay its monthly Social Security obligations.

Unfortunately, several reports now confirm that these fears will become an ugly reality very soon.

Doug Bandow, a former special assistant to President Ronald Reagan and a senior fellow at the Cato Institute, warns that seniors must plan for “Social Security’s coming crash.”

And in an alarming article, U.S. News & World Report argues that payouts will inevitably end, and says you must learn how to “prepare for the end of Social Security” now.

However, one famous economist, James Dale Davidson, boldly predicts:

“We could see the end of Social Security as soon as 2016, and there is nothing President Obama, Congress or any other government agency can do to stop it.”

Yes, Social Security could end as we know it THIS YEAR.

Before you dismiss his warnings, know that Davidson has a remarkable track record of calling every major economic shift over the last three decades.

For example, Davidson predicted the stock market collapse of 1999 and 2007, along with the fall of the Soviet Union and Japan’s economic downfall — to name just a few.

And his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.

Of course, how can Davidson be so sure that 2016 will be the end of Social Security?

“Right now, there are five massive cracks in the American economy’s foundation that are converging for the first time in history,” Davidson explains in a newly released video. “This is a landmark development that I am convinced will trigger the greatest depression we’ve ever seen. Yes, worse than the 1929 Great Depression.”

Davidson’s new video is causing a controversy, not just because of what he says, but because the evidence he provides is irrefutable. (He uses over 20 unquestionable charts to prove his point.)

And although our future may seem bleak, as Davidson says: “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you can seize opportunities that come along once, maybe twice, in a lifetime.”

Indeed, in his video, Davidson reveals what he and his family are doing to prepare right now, and even profit. (It’s unconventional and even controversial, but proven to work.)

While Davidson intended his video for a private audience only, the situation has become too dire to keep it a secret. Now tens of thousands are watching the video every day.

Regards,

Jocelynn Smith
Sr. Managing Editor, The Sovereign Society
Title: Re: De-Dollarisation.
Post by: Gipsy on May 13, 2016, 12:14:00 PM
^
Cuffy, the US Government will not let the pension system fail, they will just put another couple or so Trillion on the slate.... :chuckle:
Title: Re: De-Dollarisation.
Post by: cufflinks on May 13, 2016, 09:51:18 PM
This blogger maintains the USA being Monetarily Sovereign can issue electronic instructions from the Treasury to pay any size bill or debt or debit no matter the size at any time.

https://mythfighter.com/2016/04/27/economics-in-a-thousand-words/

He has a point however the Deep State (Fed and Deep State Elites 1%) have conned the 99% that the USA must raise taxes to pay the bills of the US Gov - including the massive interest on the National Debt paid to the Deep State elites - a vicious cycle and why the 99% can not earn a fair return on their CDs and other savings.

One option available to President Trump is to create 1,000 one pound Platinum coins called Trilliants with a face value of $1Trillion each and then deposit them in Fort Knox - as likely to go missing in the NY Fed.

Then pay off the $21 Trillion National Debt and still have $979 Trillion on deposit at Ft. Knox.

Of course, all of this is unnecessary because the Treasury could just issue digital payment instructions to pay off all the holders of Treasury Debt Instruments without the need for symbolic Trilliants.  Then no more interest on the national debt because there is no national debt.

Of course, if you read Roger Malcolm Mitchell further the USA could in-fact pay for everyone's healthcare and education and new home and business grants to spur on the Economy and no longer need to be in debt from cradle to grave and rebuild the Military and Space Administration as well as fund all the R&D we might need to reactivate the NASA boom in new technologies that when commercialised gave us 99% of the new wealth we have over the past 50 years.

Fact is the USA is financially invincible and only way USA goes broke is if we actually follow Ted Cruz wife's CFR research to combine into a new North American Amero currency based upon non-sovereign EU Euro style indebtedness that is unsustainable especially with the Sovereign UK and their globally trusted GBP Monetarily Sovereign currency accepted in trade and exchange across the British Commonwealth of Nations and most of the rest of the World.

UK pulls a Brexit and the non-sovereign Euro fall hastens.

Monetarily Sovereign nations can not go broke - they can only allow themselves to be manipulated to become debt slaves by their 1% Deep State Bankster Globalists.

Just saying.
Title: Re: De-Dollarisation.
Post by: Anteros on May 13, 2016, 10:10:26 PM
Synopsis of a conversation with a chap today in China who owns a factory:

"How much are these if I take 5000?"
"$X each"
"Why are we talking dollars in China when I am not American? Do we need to use a currency foreign to both of us? I'd prefer not to use dollars."
"I agree with you, our government is trying to get people away from using the dollar actually, its outdated for us now, its just habit. Pounds or RMB?"
"RMB is fine"
"RMB it is"

An interesting side conversation we had as a result of that exchange covered Russia, Syria and America. He said their media is now talking about American aggression across the world where they seldom did before. He also said the discussion in Chinese media had started about China joining in with Russia in Syria.

We discussed Russia, he said Russia and Putin are generally well regarded in China. Certainly, there are no shortage of Russians at the trade fair I am at here in China. It is the language I hear most after Chinese and English. He said despite the Rouble being weaker, Russians are still buying. They are just haggling more.

Dry humour is something you seldom see in the Chinese. I asked him if he had similar political conversations with his American customers, he said, "What can you tell them? They all watch CNN". Made me laugh anyway.........

Needless to say, a deal was done, and not in dollars.

A little tale I thought I'd share kinda relevant with the above.

In my continuing quest to de-dollarise, I have one Chinese company I deal with who were stuck in the dollar rut. They rejected my previous ideas to pay in another currency with modest orders in the past.

This week I am discussing with them an order that is circa £40k. Ball is in my court now.  :evilgrin0002:

I said this:

Quote
Is it necessary we always use US Dollars? It isnt my currency or yours. For me it makes no sense some Chinese companies still want to use the American dollar with people who are not American. Many are now eschewing the dollar in line with Chinese government recommendations. I am just as happy to pay in Pounds, Euros, Yuan or HK$. US Dollars really don't suit me.

And within the hour I got back:

Quote
I attached the new quotations in EUR. or you want to pay in Pounds, HK$, whichever is ok!
When we sending PI to you next time, we can according to the current rate of international monetary market and not use dollar. Is it ok?

Bingo! They were the only one I deal with in China still holding out for dollars. My last nut to crack as it were. No USD for me now in China.   ;D

Your silly little quest to de-dollarize is hilarious.  Do you really think that your 40K order in GBP will make a difference compared to the Trillions of transactions done in US dollars?  :ROFL:
Title: Re: De-Dollarisation.
Post by: Wiz on May 14, 2016, 12:48:25 AM
UK pulls a Brexit and the non-sovereign Euro fall hastens.

Monetarily Sovereign nations can not go broke - they can only allow themselves to be manipulated to become debt slaves by their 1% Deep State Bankster Globalists.

Just saying.

Can you please tell us, if you know:

Why "J.F. Kennedy" was assassinated, for what reason and who was behind it?
Title: Re: De-Dollarisation.
Post by: andrewfi on May 14, 2016, 01:07:06 AM
Ant,  you do understand that 1+1=2 don't you?
Manny's transaction plus a million others amount to something. But more importantly as a result of the change in policy by this firm many other similar transactions are enabled. As a result of many, many Mannys a lot less dollars get used. This is something that is happening, right now and around the world.

A process that gathers momentum as the network effect strengthens.

But,  yeah, you're right. No need for knowledge or thought.  USA! USA! USA!
Title: Re: De-Dollarisation.
Post by: AvHdB on May 14, 2016, 01:33:50 AM
UK pulls a Brexit and the non-sovereign Euro fall hastens.

Monetarily Sovereign nations can not go broke - they can only allow themselves to be manipulated to become debt slaves by their 1% Deep State Bankster Globalists.

Just saying.

Can you please tell us, if you know:

Why "J.F. Kennedy" was assassinated, for what reason and who was behind it?

I will venture a guess, A. Onassis had the hots for J. Bouvier, Zeus was the assassin. It was all those s's. 
Title: Re: De-Dollarisation.
Post by: Gipsy on May 14, 2016, 02:23:37 AM
UK pulls a Brexit and the non-sovereign Euro fall hastens.

Monetarily Sovereign nations can not go broke - they can only allow themselves to be manipulated to become debt slaves by their 1% Deep State Bankster Globalists.

Just saying.

Can you please tell us, if you know:

Why "J.F. Kennedy" was assassinated, for what reason and who was behind it?

I will venture a guess, A. Onassis had the hots for J. Bouvier, Zeus was the assassin. It was all those s's.

Nah, he'll tell you that you are wrong..

He will probably come up with a story that JFK was in the process of shutting down the Federal reserve, and stopping the Rothschild's from exploiting the US financial system, all by issuing new currency notes backed by silver..

Also that Rothschild's ordered the assassination..

Wait and see.. :coffeeread:
Title: Re: De-Dollarisation.
Post by: Wiz on May 14, 2016, 02:28:46 AM
UK pulls a Brexit and the non-sovereign Euro fall hastens.

Monetarily Sovereign nations can not go broke - they can only allow themselves to be manipulated to become debt slaves by their 1% Deep State Bankster Globalists.

Just saying.

Can you please tell us, if you know:

Why "J.F. Kennedy" was assassinated, for what reason and who was behind it?

I will venture a guess, A. Onassis had the hots for J. Bouvier, Zeus was the assassin. It was all those s's.

Well done old chum ... you guessed right and A. Onassis, finally had his leg over..... :chuckle:

I agree it's all those S's and the Greek men know well why so may foreign females visit the country! ... the opposite of what happens in the FSU countries, and does't cost them much money too.!

Sun..... Sea ..... Sand .... and of course plenty of Sex ... and most go back home.... with very happy memories ... of the country!

 :nod: :saint: :laugh: :)

Just back from the English Riviera...... and the first S ... was missing substituted by R so who can blame the girls going to Greece for that S! :P :P
Title: Re: De-Dollarisation.
Post by: Wiz on May 14, 2016, 02:32:32 AM
UK pulls a Brexit and the non-sovereign Euro fall hastens.

Monetarily Sovereign nations can not go broke - they can only allow themselves to be manipulated to become debt slaves by their 1% Deep State Bankster Globalists.

Just saying.

Can you please tell us, if you know:

Why "J.F. Kennedy" was assassinated, for what reason and who was behind it?

I will venture a guess, A. Onassis had the hots for J. Bouvier, Zeus was the assassin. It was all those s's.

Nah, he'll tell you that you are wrong..

He will probably come up with a story that JFK was in the process of shutting down the Federal reserve, and stopping the Rothschild's from exploiting the US financial system, all by issuing new currency notes backed by silver..

Also that Rothschild's ordered the assassination..

Wait and see.. :coffeeread:

Spoil of sport.....! :P
Title: Re: De-Dollarisation.
Post by: andrewfi on May 14, 2016, 03:27:48 AM
It is funny how people get confused about money.

Bankruptcy is a condition hard to ascribe to a national economy. There's no global bankruptcy court, for example. But a state unable to pay its bills usually finds it almost impossible to get finance for its operations.

Cufflinks. If one increases the supply of money on an economy at a greater rate than the economy is growing then prices will increase to use all that money. That's a little thing that economists like to call inflation.

If inflation increases too much then the state printing that money finds it very hard to get finance for its operations because the money rapidly loses value,  removing any benefit for the lender to lend.

In practical terms, even the ability to print money is not a defence against the inability to pay bills.

I  seem to recall taking the time to share with you a basic reading list about money and international finance. It seems that my time was wasted as you either didn't bother to learn or were incapable of understanding that which you read. Good job that your work has no involvement with international business,  eh?
Title: Re: De-Dollarisation.
Post by: Wiz on May 14, 2016, 05:00:24 AM
The question Americans should be asking is not to raise the debt ceiling, but rather the Federal Government, which is authorized by the Constitution to create and issue interest-free money, instead borrows that money at interest from a privately-owned Central Bank, thereby plunging future generations of Americans into debt-slavery to the banks?

That is the real question Americans should be asking!


Isn't that what  Mayer Amschel Bauer Rothschild, meant when he said:

"Give me control of a nation's money and I care not who makes it's laws"

and is the modus operandi of the FED?

Anyway any Nation that has the right to issue it's own currency, free of any debt, has also in its hands all the Financial tools to control inflation, interest rates and and circulation.
Title: Re: De-Dollarisation.
Post by: AvHdB on May 14, 2016, 10:46:03 AM
The question Americans should be asking is not to raise the debt ceiling, but rather the Federal Government, which is authorized by the Constitution to create and issue interest-free money, instead borrows that money at interest from a privately-owned Central Bank, thereby plunging future generations of Americans into debt-slavery to the banks?

That is the real question Americans should be asking!


Isn't that what  Mayer Amschel Bauer Rothschild, meant when he said:

"Give me control of a nation's money and I care not who makes it's laws"

and is the modus operandi of the FED?

Anyway any Nation that has the right to issue it's own currency, free of any debt, has also in its hands all the Financial tools to control inflation, interest rates and and circulation.

A few here on RUA recognize that we rarely agree, here though you are spot on.  tiphat
Title: Re: De-Dollarisation.
Post by: cufflinks on May 14, 2016, 10:59:52 AM
It is funny how people get confused about money.

Bankruptcy is a condition hard to ascribe to a national economy. There's no global bankruptcy court, for example. But a state unable to pay its bills usually finds it almost impossible to get finance for its operations.

Cufflinks. If one increases the supply of money on an economy at a greater rate than the economy is growing then prices will increase to use all that money. That's a little thing that economists like to call inflation.

If inflation increases too much then the state printing that money finds it very hard to get finance for its operations because the money rapidly loses value,  removing any benefit for the lender to lend.

In practical terms, even the ability to print money is not a defence against the inability to pay bills.

I  seem to recall taking the time to share with you a basic reading list about money and international finance. It seems that my time was wasted as you either didn't bother to learn or were incapable of understanding that which you read. Good job that your work has no involvement with international business,  eh?

Thank you Lord Andrew for condescending to me as has been your predictable patronizing Pavlovian dogged response over the years, however as we have debated prior your economics education was based upon books written when the world was still on the Gold Standard and Britain still had a genuflecting global Colonial empire ... subsequent to 1974 when the USA under the reign of Richard Nixon who under CFR directives decided to take the USA off the gold standard and then open up relations with Red Chinese Communist China - he ushered in an entirely new dynamic Globalized economy that the old and new, east and west world's are still adjusting to and coming to grips with.

You Sir Andrew of Fi suffer from sclerosis of mind and in thinking and are in fact a global economics fossil...  I know your mind is conditioned to reject new information and thinking as it challenges your perceived and established orthodoxy but if you are able to pump a few extra heartbeats to open your mind even the slightest you may find that you and Rodger Malcolm Mitchell are indeed progressive soul mates in many ways.  For instance being a resident of Chiraq and concerned with Chicago Obamanations 50+ drug gangs murders per day he is very pro gun control which is in line with most Brits and Euros thinking.

This of course enrages me and is counter to my 2nd Amendment sensibilities - I however choose to learn from the areas RMM is proven to be wise and ignore his progressive curmudgeonliness much like yourself.

Take for instance this recent post:

https://mythfighter.com/2016/04/07/the-theft-machine-makers-and-takers/

"But taxes reduce business income. So the more taxes the federal government collects from businesses, the fewer people businesses hire, and the less they can afford to pay those people."

And no, don’t believe that if business pay their “fair share” of taxes, you’ll pay less. Federal taxes are not based on need; the federal government doesn’t “need” any taxes. None at all. Taxes are based on influence. Those with more, pay less.

In summary, business taxes punish workers.

America’s business taxes already are too high. How do I know? Just look at all those companies that want to take advantage of lower business taxes elsewhere — the “inversions” the Treasury is trying to stop.

In essence, Obama’s new rules say, “America’s businesses are trying to increase their profitability, by cutting their tax bills. That’s outrageous. We should hamper America’s businesses, by taxing them more, so they will be less competitive internationally, and less able to pay salaries.”

Not only is this ridiculous on the face of it, but it gets even more ridiculous, because as we said earlier, the U.S. federal government doesn’t need the tax dollars. Being Monetarily Sovereign, it creates all the dollars it needs, simply by paying bills.

In summary, the rich are the real “takers,” the working unrich are the real “makers,” American business is overtaxed by a government that neither needs nor uses tax money.

What is the motive for all this nonsense? The usual: To widen  the “Gap” between the rich and the rest.

The rich like to portray themselves as job makers, so they can justify their outrageous salaries and tax loopholes. They want the 99% to vote for politicians who are most likely to provide tax benefits for the rich, while punishing the non-rich.

But in order to make the whole theft machine work, the rich have to promulgate the “Big Lie,” the fiction that federal taxes are necessary to fund federal spending, and the reason why Social Security, Medicare, Medicaid, food stamps, etc. supposedly are “going broke.”

So co-conspirators like Barack Obama, Hillary Clinton and the Republicans, pretend to create and enforce rules against gouging of the non-rich. They write meaningless little laws that never are enforced, and are offset by special tax provisions that apply only to the rich — and no bankster ever is prosecuted, much less, jailed.

I know Americans are not going to do anything about it, and will continue to believe the party line. But wouldn’t it be fun is somehow a tipping point of Americans understood that federal taxes are unnecessary?

Meanwhile, the theft machine grinds on.

Rodger Malcolm Mitchell
Monetary Sovereignty

For your further modern globalized economics edification:

Ten Steps to Prosperity:
 1. Eliminate FICA (Click here)
 2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
 3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
 4. Free education (including post-grad) for everyone. Click here
 5. Salary for attending school (Click here)
 6. Eliminate corporate taxes (Click here)
 7. Increase the standard income tax deduction annually Click here
 8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
 9. Federal ownership of all banks (Click here and here)
 10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.
 ===================================================================

10 Steps to Economic Misery: (Click here:)
 1. Maintain or increase the FICA tax..
 2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
 3. Cut federal employment in the military, post office, other federal agencies.
 4. Broaden the income tax base so more lower income people will pay.
 5. Cut financial assistance to the states.
 6. Spread the myth federal taxes pay for federal spending.
 7. Allow banks to trade for their own accounts; save them when their investments go sour.
 8. Never prosecute any banker for criminal activity.
 9. Nominate arch conservatives to the Supreme Court.
 10. Reduce the federal deficit and debt

Title: Re: De-Dollarisation.
Post by: Manny on May 14, 2016, 11:22:06 AM
Thank you Lord Andrew for condescending to me as has been your predictable patronizing Pavlovian dogged response over the years, however as we have debated prior your economics education was based upon books written when the world was still on the Gold Standard and Britain still had a genuflecting global Colonial empire ...

Funny that. I thought Andrew's economic knowledge came from the economics degree he did in Finland as well.  :-[

Yes, modern UK and US economic policies have changed since the gold standard days. The new model is: Spend, spend, spend, borrow, borrow more, borrow extra to cover interest, print money, raise taxes followed by spend more, borrow more, raise taxes, print money again, export currency in worthless bonds. Speculative bubble followed by crash. Rinse and repeat et al.

As someone once said, eventually you run out of other peoples money.

Spending no more than you actually have, and keeping a little by for a rainy day seems an alien concept to politicians.
Title: Re: De-Dollarisation.
Post by: cufflinks on May 14, 2016, 11:29:30 AM
Thank you Lord Andrew for condescending to me as has been your predictable patronizing Pavlovian dogged response over the years, however as we have debated prior your economics education was based upon books written when the world was still on the Gold Standard and Britain still had a genuflecting global Colonial empire ...

Funny that. I thought Andrew's economic knowledge came from the economics degree he did in Finland as well.  :-[

Yes, modern UK and US economic policies have changed since the gold standard days. The new model is: Spend, spend, spend, borrow, borrow more, borrow extra to cover interest, print money, raise taxes followed by spend more, borrow more, raise taxes, print money again, export currency in worthless bonds. Speculative bubble followed by crash. Rinse and repeat et al.

As someone once said, eventually you run out of other peoples money.

Spending no more than you actually have, and keeping a little by for a rainy day seems an alien concept to politicians.

Manny, perhaps by ironic accident you have precisely defined the problem - borrowing to fund the theft machine...

Rodger Malcolm Mitchell
Monetary Sovereignty

For your further modern globalized economics edification:

Ten Steps to Prosperity:
 1. Eliminate FICA (Click here)
 2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
 3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
 4. Free education (including post-grad) for everyone. Click here
 5. Salary for attending school (Click here)
 6. Eliminate corporate taxes (Click here)
 7. Increase the standard income tax deduction annually Click here
 8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
 9. Federal ownership of all banks (Click here and here)
 10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.
 ===================================================================

10 Steps to Economic Misery: (Click here:)
 1. Maintain or increase the FICA tax..
 2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
 3. Cut federal employment in the military, post office, other federal agencies.
 4. Broaden the income tax base so more lower income people will pay.
 5. Cut financial assistance to the states.
 6. Spread the myth federal taxes pay for federal spending.
 7. Allow banks to trade for their own accounts; save them when their investments go sour.
 8. Never prosecute any banker for criminal activity.
 9. Nominate arch conservatives to the Supreme Court.
 10. Reduce the federal deficit and debt
Title: Re: De-Dollarisation.
Post by: Manny on May 14, 2016, 11:38:42 AM
Your silly little quest to de-dollarize is hilarious.  Do you really think that your 40K order in GBP will make a difference compared to the Trillions of transactions done in US dollars?  :ROFL:

Well first, its not simply *my* quest. The initiative to de-dollarise is supported and enacted by the largest country in the world and the country with the largest economy in the world (hint - no longer the US). And a few others as well.  (:)

Andrew has already corrected you:

Ant,  you do understand that 1+1=2 don't you?
Manny's transaction plus a million others amount to something. But more importantly as a result of the change in policy by this firm many other similar transactions are enabled. As a result of many, many Mannys a lot less dollars get used. This is something that is happening, right now and around the world.

A process that gathers momentum as the network effect strengthens.

But,  yeah, you're right. No need for knowledge or thought.  USA! USA! USA!

Indeed. I bet in the last couple of years with transactions I have changed from dollars to something else, and stuff I haven't bought in dollars together with the $ I haven't bought and spent by visiting the US since sanctions were imposed might number $300-$400k. Only three thousand people like me makes $1 Billion. Is 3k people who think like me a lot? Not when you consider China's population is 1.3 billion and Russia's 144 million. Probably a drop in the ocean.

Andrew touched on the compound effect. The factories I have converted are now prepared with banking systems in place next time someone asks them. If they are not doing so already, they will in future bill EU customers in Euros now they have the facility.

We call this mathematical miracle compounding. Keep sniggering as more and more people and countries eschew your dollar.  :money:

Feel free to keep invading places and starting wars. Add more countries to that list........

Look back to my Russia Insider article linked in this topic. I linked to the fact that even Nigeria is dumping dollars. The writing is on the wall. You didn't see it with Fanny Mae and Freddy Mac, and you don't see it now. Keep eating burgers and buying guns.
Title: Re: De-Dollarisation.
Post by: andrewfi on May 14, 2016, 12:31:08 PM
Cufflinks, elsewhere on this forum I have written about corporate taxation in the US and it's effect upon business and thus the wider economy but that has nothing with printing money.

Wiz,  if Rothschild wrote as you suggest I would not argue with him but what he wrote about was not the case for the United States. Every dollar is created as the result of debt. The magic trick is to export that debt to the rest of the world and thus reduce the effect of inflation on the US domestic economy.
Title: Re: De-Dollarisation.
Post by: AvHdB on May 14, 2016, 03:29:07 PM
"Give me control of a nation's money and I care not who makes it's laws"

Wiz,  if Rothschild wrote as you suggest I would not argue with him but what he wrote about was not the case for the United States. Every dollar is created as the result of debt. The magic trick is to export that debt to the rest of the world and thus reduce the effect of inflation on the US domestic economy.

http://history.stackexchange.com/questions/7887/did-rothschild-say-this-famous-quote-if-yes-what-did-he-mean-by-it
Title: Re: De-Dollarisation.
Post by: Anteros on May 14, 2016, 05:40:50 PM
"Give me control of a nation's money and I care not who makes it's laws"

Wiz,  if Rothschild wrote as you suggest I would not argue with him but what he wrote about was not the case for the United States. Every dollar is created as the result of debt. The magic trick is to export that debt to the rest of the world and thus reduce the effect of inflation on the US domestic economy.

http://history.stackexchange.com/questions/7887/did-rothschild-say-this-famous-quote-if-yes-what-did-he-mean-by-it

Proving yet again that wiz lacks any real scholarship and that he simply repeats any and all conspiracy theories as if they are 100% true. 

In the case of this alleged quote of banker Rothschild we can see, after doing a little bit of digging and thanks to Av, that the quote is likely 100% made up and was never said by the person it is attributed to. 

Yet "wiz" will continue to attempt to smear most Jewish persons as being unethical bankers. 

Quote:
"The saying is apocryphal and was originated by the populist author T. Cushing Daniel, a Washington-based lobbyist and lawyer, in his testimony before the U.S. Congress in 1911 in hearings on House Resolution 314 (whether financiers were restricting trade by domination of the money supply). This is what Daniel said:

William Pitt made this statement: "Let the American people go into their debt-funding schemes and banking systems, and from that hour their boasted independence will be a mere phantom." He realized the maxim that Rothschilds laid down as fundamental: "Let us control the money of a country and we care not who makes its laws."

It is true that the Rothschilds had "maxims" and these were published by London weeklies in the 1890s. All of these maxims were homey things like "Be sure you are right, then go forward." Cushing simply invented the imaginary "control the money" maxim for the purposes of his books and testimony.

The original Rothschilds were very religious, modest people. Its hard to imagine Nathan R. or his brothers as having said such an arrogant thing and it conflicts with what is known about his personality
. Long after Nathan R. was dead, during the period 1890-1910, which was a period of anti-trust and anti-wealth agitation in the United States many writers made up all kinds of stories to portray the Rothschilds and other "barons" according to their stereotypes of rich, arrogant puppet masters. These stereotypes often did not resemble the actual people".
end quote
Title: Re: De-Dollarisation.
Post by: Wiz on May 14, 2016, 06:47:51 PM
Wiz,  if Rothschild wrote as you suggest I would not argue with him but what he wrote about was not the case for the United States. Every dollar is created as the result of debt. The magic trick is to export that debt to the rest of the world and thus reduce the effect of inflation on the US domestic economy.

AndrewFi

Without arguing the historical source, as pointed by AvHdB, (my ref obviously was wrong), of who said that quotation about controlling the money of a Nation and your comments, would you agree that it does apply to the operations of the private FED?

If not, why then the US Government has to borrow and pay interest from the FED instead of issuing it's own, free of debt, money?

Isn't that debt the modus operandi of the FED and its profit?

As far as I am aware, any Nation that has the right to issue it's own currency, free of any debt, has also in its hands all the Financial tools to control inflation, interest rates and the circulation of the money.

Anteros

Better learn to read first and then write inane comments, stop trolling and let us enjoy a good discussion.

Frankly, I don't give a  :censored: if you are a Jew, a Zionist or a Moscovite Duck!
Title: Re: De-Dollarisation.
Post by: Anteros on May 14, 2016, 09:22:42 PM
Wiz,  if Rothschild wrote as you suggest I would not argue with him but what he wrote about was not the case for the United States. Every dollar is created as the result of debt. The magic trick is to export that debt to the rest of the world and thus reduce the effect of inflation on the US domestic economy.

AndrewFi

Without arguing the historical source, as pointed by AvHdB, (my ref obviously was wrong), of who said that quotation about controlling the money of a Nation and your comments, would you agree that it does apply to the operations of the private FED?

If not, why then the US Government has to borrow and pay interest from the FED instead of issuing it's own, free of debt, money?

Isn't that debt the modus operandi of the FED and its profit?

As far as I am aware, any Nation that has the right to issue it's own currency, free of any debt, has also in its hands all the Financial tools to control inflation, interest rates and the circulation of the money.

Anteros

Better learn to read first and then write inane comments, stop trolling and let us enjoy a good discussion.

Frankly, I don't give a  :censored: if you are a Jew, a Zionist or a Moscovite Duck!

You're are clearly the one who cannot read properly and it makes you look uneducated.  Mostly you do a lot of copy and paste from questionable sites.

Av and I just caught you with your pants down, and instead of admitting how foolish you have been, you continue to deflect.

All I can say is "whatever".  At least you have one talent:  I like the link you have for Greek food.  It's healthy and delicious.  So I respect that.

Title: Re: De-Dollarisation.
Post by: andrewfi on May 15, 2016, 06:11:10 AM
In irder to clarify without confusion the point that I was referring to as not being the case in the US was this:
Quote
Anyway any Nation that has the right to issue it's own currency, free of any debt, has also in its hands all the Financial tools to control inflation, interest rates and and circulation.

I'd say that whoever has the ability to control the production of money has the supreme power in the land - much the same as the Rostchild Maxim holds to be true.

But the additional words are not a part of the Rothschild maxim.

The following serves to answer the question that Wiz was posing.
The question is this: how is money created?

Well, here's the short answer.

Assuming that we are using some form of money where the underlying value is represented by tokens (paper, coins, seashells, etc) which is how the system works in the modern world, including the United States.

If I hold a note for money, for example, $100 and I want to store it against theft then I might place it with a bank. I don't need that money at the moment, but I will later and I can get that money back on demand.

The bank can use that money for its own purposes while they have it in their hands and so they pay me a little money for the use of that deposit. That is why I choose to deposit my money with the bank in the first place - my money is working for me without me doing anything.

The bank knows it can use my money. What they do is lend my $100 to some other person so that he can buy something to increase the profits of his business. He pays the bank a little money for the service of them having provided him with money. The money he pays the bank is greater than the money the bank pays me and the difference is the bank's profit.

Now, the magic comes in the accounting for the money. :)
The magic is the system of accounting called double entry bookkeeping and it was invented by an italian bloke several hundred years ago.

You see I still have my $100 I can get it when I need it, it is still mine, the ownership did not change.
But the borrower he has $100 that he did not have before.
Now there is $200 where before there was only $100.

If there was no bank, no deposits and no lending then there would be no increase in money supply. The Fed, when it injects money into the economic system does so by creating extra debt.
If you do a quick search you will see that money is created by the act of depositing money, but that's only the half of the job. It is the creation of the debt that generates the new money, the money that did not exist before.

Here's how the Bank of England describes the process:
Quote
"In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."

About 97% of all money is in the form of bank deposits!

Whether a central bank creates money by its lending,or more commonly, leaves it to commercial banks is irrelevant. In most economies, most of the time, except when undertaking activities we now call Quantitative Easing, the creation of money is left to the commercial banking sector.

That is why, Wiz, whoever said the words you referenced, the situation described is NOT what happens in the United States.



 
Title: Re: De-Dollarisation.
Post by: Anteros on May 15, 2016, 09:22:14 AM
Banks in the USA have not been loaning money to small business's and normal people as much as they did in the past.  These large banks prefer other tricky and risky methods now.

But it is correct that when a bank gets a deposit they are supposed to loan it out.  This process creates money and has for thousands of years.

Some banks are so eager for new accounts that around here you can get rewarded as much as $75.00 for opening one.  I have an established bank account with my favorite bank and do not intend to change, but opened with a local bank for that easy money.  It is reported as interest.  Will likely close the account soon as I prefer my original bank.
Title: Re: De-Dollarisation.
Post by: Wiz on May 15, 2016, 11:20:54 AM
Andrew

Thanks for confirming my question that who ever has the power to issue the money has also the power to use the financial tools to control the economy..... etc. so the Maxim attributed to  Rothchild, it's true.

Thank you for all the explanations regarding the Fractional reserve Banking, which I  happen to know well, in reality is the ability of the banks to create debt out of thin air., in simple terms.

The banks are obligated by law to hold 10% of the money deposited as a guarantee, mostly by the state and give out loans, adding debt another 9 times the original deposited money.

So if the bank holds $ 100 from you then they can give me $1000 loan, which in reality is debt.
As long as they hold back the 10% of the loan, they are not loosing any money, If I can not pay the loan.

Corbyn (labour) suggested, if he becomes elected, the creation of a New Investment bank where the BoE will print £10 billion and give it to the new bank, which will invest in various projects, like schools, and as both, BoE and the new bank are owned by the state... then no interest will be charged, unlike the Blair & Brown PFI which for the next 30 years will give a huge amount of profit to the lenders..... banksters.

That is why I mentioned who has the right to issue the money has control of the economy of the country.

care to comment?
Title: Re: De-Dollarisation.
Post by: andrewfi on May 15, 2016, 12:41:37 PM
Yeah, Wiz, what you wrote was incorrect and remains incorrect.

You don't create new money without new debt. You suggested otherwise. Creating money without new debt is called forgery.

Your current claim is worded differently and is correct.
Title: Re: De-Dollarisation.
Post by: Wiz on May 16, 2016, 01:37:57 AM
Andrew

can you explain in simple terms to be understood by children .......

What is the difference between the US model of the private FED issuing the money

V

The Bank of England or any other Nation that its Central Bank is State owned?

Who owns the debt and who benefits from it?

I would prefer you use penny terms (simple) and not £10 notes in your explanations, so there will not be anymore misunderstandings.

Ta

Title: Re: De-Dollarisation.
Post by: rosco on May 16, 2016, 05:11:48 AM
You're are clearly the one who cannot read properly and it makes you look uneducated....

Sorry but I found it funny.  :laugh:
Title: Re: De-Dollarisation.
Post by: Anteros on May 16, 2016, 05:53:27 AM
You're are clearly the one who cannot read properly and it makes you look uneducated....

Sorry but I found it funny.  :laugh:

It's it's an optical illusion.  :laugh:
Title: Re: De-Dollarisation.
Post by: rosco on May 16, 2016, 06:22:40 AM
You're are clearly the one who cannot read properly and it makes you look uneducated....

Sorry but I found it funny.  :laugh:

It's it's an optical illusion.  :laugh:

I've I've just had another coffee and and came back to re-re-read!  :chuckle:
Title: Re: De-Dollarisation.
Post by: Gipsy on May 16, 2016, 02:06:56 PM
Wiz,  if Rothschild wrote as you suggest I would not argue with him but what he wrote about was not the case for the United States. Every dollar is created as the result of debt. The magic trick is to export that debt to the rest of the world and thus reduce the effect of inflation on the US domestic economy.

AndrewFi

Without arguing the historical source, as pointed by AvHdB, (my ref obviously was wrong), of who said that quotation about controlling the money of a Nation and your comments, would you agree that it does apply to the operations of the private FED?

If not, why then the US Government has to borrow and pay interest from the FED instead of issuing it's own, free of debt, money?

Isn't that debt the modus operandi of the FED and its profit?

As far as I am aware, any Nation that has the right to issue it's own currency, free of any debt, has also in its hands all the Financial tools to control inflation, interest rates and the circulation of the money.

Anteros

Better learn to read first and then write inane comments, stop trolling and let us enjoy a good discussion.

Frankly, I don't give a  :censored: if you are a Jew, a Zionist or a Moscovite Duck!

 :ROFL: :ROFL: :ROFL:
Title: Re: De-Dollarisation.
Post by: Gipsy on May 17, 2016, 06:58:40 AM
In the first 3 months of 2016, Russia has increased its gold holdings by about 45 tonnes..

Getting rid of its dollars of course...

Ditto for China and India...

 :thumbsup:
Title: Re: De-Dollarisation.
Post by: cufflinks on May 23, 2016, 02:28:53 PM
What the financial elites are doing to "de-dollarize"  hint: blockchain...

Fear the Dollar Kill Switch
By Ted Bauman, Editor, The Bauman Letter (Formerly Sovereign Society Sovereign Letter)

Picture the scene: A man is blackmailed as revenge for cuckolding. He brings $75,000 in $500 bills — cash that he’s acquired from a home equity line of credit — to a meeting on a bridge, as the other man has demanded.

The blackmailer looks at the cash pensively for a moment. Then he takes it out of the bag and throws it over the side.

I saw this scene in a movie recently. I’ll not soon forget the image of $75,000 in borrowed money fluttering away into the Skokomish River. My poor wife was distraught. I imagine this image gives you a jolt, too. We’re hardwired to understand that purchasing power in physical form — i.e., cash — is highly ephemeral. It can disappear in a flash.

It also gives rise to a fact that may startle you: For most of human history, we’ve lived in largely cashless societies. It’s nothing new.

Most people who write about “cashless societies” are barking up the wrong tree entirely. But I’ve discovered the real threat of modernized cashless society … and you should be terrified.

The IRS’ Worst Nightmare

Americans worked 111 days last year to foot their “fair share” of taxes. This should make your blood boil. There are proven ways to stop the abuse. My team and I expose some of the best-kept tax secrets in our new edition of Where to Stash Your Cash (Legally) … and I want you to have a free copy of it. Simply click here to find out how to claim your free copy.
The 4% Society

If you added up all the U.S. currency in existence, how much would it be?

The total stock of cash is known as M0. It includes the bills and coins in people’s pockets and mattresses, money stored in bank vaults and all bank deposits in the Federal Reserve System. There’s $1.45 trillion in M0 right now — $1.4 trillion in actual notes and coins, the rest in Fed deposits. Additionally, at any given time, between one-half and two-thirds of U.S. dollars in the M0 money stock are held overseas.


The rest of the U.S. money supply, called M1 and M2, resides in bank accounts of various types. M1 represents M0 plus all of the “virtual” money in checking and other transaction accounts. The current M1 money supply for U.S. dollars is about $3.2 trillion. M2 is M1 plus all of the “virtual” money on long-term deposit. It’s about $12.6 trillion.

So, of the $12.6 trillion in U.S. dollars, only 11% of it is actual currency. The rest is virtual currency.

But there’s more: More than three-quarters of the stock of physical U.S. dollars consists of $100 bills. About 25% of those $100 bills are overseas; the rest are either in private storage in the U.S. or in use in the “black economy.”

This means that the amount of actual U.S. cash in daily legal use is about 4% of the total U.S. money supply. Most of the rest is virtual money that exists only as ledger entries on banks’ computer systems.

In other words, ours is already a 96% cashless society.

The Paradox of Cash: It’s Always the Government’s Money

The paradox of physical cash is that we see it as a way to preserve our financial independence … but it’s issued by the very government from which we wish to preserve that independence. That’s because, for better or worse, the government is the social construct our ancestors chose to authorize and issue our money.

In ancient times, this role might have been played by market ledger-keepers, goldsmiths or private bankers. One of the great advantages of these nongovernment sources of money was that if they didn’t do a good job, people could turn to someone else who did. That’s why bitcoin was invented, to give us an option.

But even though it’s always the government’s money, the government could never turn specific dollars “off” at will … until now.

Blame it on Bitcoin

Recently, more than 100 executives from some of the world’s largest financial institutions gathered for a secret meeting on Wall Street.

They had come to see the results of a secret project run by a 21-year-old programming prodigy named Vitalik Buterin. His work is sponsored jointly by Wall Street and the U.S. government. The project is based on the same technology used by bitcoin to verify transactions — the “blockchain.” The assembled bankers saw U.S. dollars transformed into pure digital assets, able to execute and settle a trade instantly with no banks in between. Pure virtual money.

Under Buterin’s system, when I pay Amazon for a purchase, my stock of dollars is debited and Amazon’s is credited — instantly. No bank accounts, no debit or credit cards, no checks — just changing points on our respective financial scoreboards on the dollar blockchain. This system would save banks and retailers up to $20 billion a year, since money wouldn’t have to spend useless time in the settlement process between different intermediaries.

But under this system, the government would have ultimate control over the blockchain. It would hold a master key over all digital dollars. It could meddle with anyone’s virtual dollars, instantly, with no warning or recourse.

For example, the IRS could disable a proportion of a business’s virtual dollars until it settles a tax dispute. A judge could order that funds belonging to a person charged with a crime be disabled pending the outcome of his trial. The FBI could issue a secret national security letter instructing that the money of a suspected money launderer be disabled. An unscrupulous president could secretly instruct that the funds of their political opponents be disrupted or shut off to undermine their campaigns.

The government could even suspend the validity of all U.S. dollars in an emergency.

Fear the Kill Switch

Most people who write about the cashless society emphasize the danger of the government confiscating bank deposits, banning international transfers or imposing negative interest rates. That’s all true. But what really scares me isn’t just the possibility that the government could control our bank accounts, but every single individual dollar.

Would you trust any government with that power? Of course not. That’s why it’s time to start preparing for the inevitable day when you won’t have any other option ... unless you act now.

You might start by opening an account with my friends at New Zealand vault. It’s the only service I know that allows you to acquire and store nonreportable precious metals outside the U.S. … without having to leave home.

Kind regards,

Ted Bauman
Editor, The Bauman Letter

P.S. America is growing more and more divided, and the coming dollar kill switch will only serve to deepen this divide. What’s more, between a faltering economy and a crucial presidential election, we are faced with significant threats to both our liberties and our assets. It’s time to protect yourself before it’s too late.
Title: Re: De-Dollarisation.
Post by: Texan77 on August 31, 2016, 07:32:39 PM
Jim Richards believes the dollar will end on September 30 of this year.

http://pro.agorafinancial.com/AWN_dollarreset_0716/PAWNS832/?h=true
Title: Re: De-Dollarisation.
Post by: AvHdB on September 01, 2016, 01:59:28 AM
Jim Richards believes the dollar will end on September 30 of this year.

http://pro.agorafinancial.com/AWN_dollarreset_0716/PAWNS832/?h=true

Yeah! And there are those present on RUA who think Slobby was a misunderstood world leader.
Title: Re: De-Dollarisation.
Post by: Texan77 on September 01, 2016, 08:40:04 AM

Yeah! And there are those present on RUA who think Slobby was a misunderstood world leader.

On RUA there is a lot of people that believe his stuff. I can not believe this guy is able to get people to buy his services for 2K a year. This the dollar is going to end this year since 2012. Maybe if he lives long enough one day he be right.

Title: Re: De-Dollarisation.
Post by: Gipsy on September 01, 2016, 09:04:45 AM

Yeah! And there are those present on RUA who think Slobby was a misunderstood world leader.

On RUA there is a lot of people that believe his stuff. I can not believe this guy is able to get people to buy his services for 2K a year. This the dollar is going to end this year since 2012. Maybe if he lives long enough one day he be right.

I feel that you may have misunderstood who AvHdB was referring to...    :laugh:
Title: Re: De-Dollarisation.
Post by: Wiz on September 06, 2016, 08:43:45 AM
What China’s SDR Bond Issue Really Means?
This is the first step towards one world currency

Original posted by Valentin Schmid at Epoch Times on 15 August 2016 (http://www.theepochtimes.com/n3/2138603-what-chinas-sdr-bond-issue-really-means/)

They promised, they delivered. The World Bank will issue a $2.8 billion SDR bond, or Special Drawing Rights bond, in China in August. The China Development Bank will also issue between $300 million and $800 million of SDR notes.

China, the International Monetary Fund (IMF), and interested think tanks have been pushing the idea of private SDR since the beginning of the year. It has now come to fruition. But what does it actually mean?


The so-called SDR is an IMF construct of real currencies—right now the euro, yen, dollar, and pound—without actually containing any of them. It is just a claim to demand payment in these currencies. It made news last year when the Chinese renminbi was also admitted, although it won’t formally be part of the basket until Oct. 1 of this year. The IMF and member countries trade the units currently worth $1.40 among each other.

“Initially, SDR-denominated bonds will be of particular interest to official investors, but gradually, they will also attract investors from private sectors. In such a way, an SDR bond market will be developed,” Zhu Jun, the director-general of the People’s Bank of China’s (PBOC) international department told the Chinese business paper Caixin.

Worth Wray, the chief global macro strategist of STA Wealth Management, agrees: “Right now there is no organic demand, but over a five-year horizon it could develop globally and maybe that creates another channel for capital to flow into China—if that’s the only market there is for it,” he said in an interview.

The SDR bonds issued by the two official institutions are different from the official SDR issued by the IMF. In fact, they are a derivative of it. When the World Bank unit called International Bank for Reconstruction and Development (IBRD) issues the bonds, it receives payment in yuan from the Chinese market or at first from the issue’s underwriter, the Industrial and Commercial Bank of China.

It can then proceed to either spend the yuan in China or exchange them for other currencies and spend them abroad. So far, the IBRD has disbursed $46 billion worth of loans, grants, and credits in China. It is important to note that this process is effectively creating SDRs, which have previously not existed.

You can read the full article here: ]http://www.theepochtimes.com/n3/2138603-what-chinas-sdr-bond-issue-really-means] (http://www.theepochtimes.com/n3/2138603-what-chinas-sdr-bond-issue-really-means)

New issue a landmark for Special Drawing Rights

The issuance of bonds denominated in Special Drawing Rights for the first time in China is a good starting point for promoting the expansion of SDR use among the G20 members, analysts said.

The SDR-denominated bonds to be settled in renminbi, which the World Bank began issuing on Wednesday, are "a landmark move" for China's bond market and for the SDR as an international reserve asset, according to World Bank President Jim Yong Kim.


He said the World Bank's issuance of SDR bonds in China will support the G20's objective of expanding the use of the SDR, which has been listed as one of the G20's key financial tasks by the G20 International Financial Architecture Working Group.

SDR-denominated bonds first appeared in 1975. By the end of 1981, a total of 563 million units (then valued around $661 million) of SDR bonds had been issued. However, no SDR-denominated bonds or credit products were issued thereafter, according to the International Monetary Fund.

The change came in 2009 after China underlined the need to strengthen the usage of the SDR basket, and later became part of the outcomes of the G20 meetings in London that year.

Analysts believe that the issuance of bonds after 35 years and the future development of the SDR-denominated bond market in China will help promote greater use of the SDR and meet some of growing demand for renminbi-denominated assets.

Liang Hong, chief economist with China International Capital Corporation, said such bonds are a new option for both domestic and foreign investors who are looking for ways to diversify their investments.

"Investors could turn to SDR-denominated bonds considering their advantage in minimizing currency fluctuation risks," she said.

Echoing her statement, Li Chao, chief economist with Beijing-based Huatai Securities Co Ltd, said the development of the SDR-denominated bond market in China would help rebalance the world monetary system and increase the appeal of the SDR in the future, as more financial institutions are expected to follow the World Bank's lead and issue such bonds.

In the meantime, more efforts to attract private investors are needed, according to Zhao Xueqing, an economist with the Institute of International Finance, a think tank under the Bank of China.

"Both top-down and bottom-up approaches are needed," said Zhao.

She suggested that more participation by government backed agencies, liquidity support and eased entry are needed to attract private investors, while issuers will "have to resolve issues such as pricing schemes and risk management".

(http://www.chinapost.com.tw/news_images/20160906/b083fe955aa11937138a2a.jpg)


Original posted BY: Wang Yanfei in Hangzhou (China Daily) 6 September 2016 (http://www.chinapost.com.tw/china/business/2016/09/06/477595/New-issue.htm)


So is this the end of the Dollar as the Worlds Reserve Currency?
Title: Re: De-Dollarisation.
Post by: andrewfi on September 06, 2016, 08:56:45 AM
No, it is part of a process. As the article notes the time horizon for this project is long, IIRC, 35 years was mentioned.

The biggie for the US economy is the petrodollar cycle.  When that fails you're going to see sparks.  Before that there's going to be a bit of unrest as the US acts to preserve and extend the ability to export dollars for energy transactions.  Of course they will want to see opec recycling continue to recycle them as purchases from the US.
Title: Re: De-Dollarisation.
Post by: Texan77 on September 12, 2016, 07:52:08 AM
This is very long: 3.5 hours. It goes through a 300 year history of central banking in the US. What is happening is the money of international trade is going to be SDRs. It will be controlled by the centrals banks or the Rothschild family. The Rothschild family will decide at its whim which country has how much money and change it at its' will. It is not going to be so pretty for Europe neither.


It has nothing to do with petro dollars. Oil is in the process of being phased out and it will be nearly complete by 2040. It looks like oil will be do for a rise here into the mid 60 by next year sometime. This rise will be meet with the increase use of renewables not only here but all over the globe.

The Rothschilds own 75 percent of the worlds gold so most likely they will make gold valuable.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 12, 2016, 08:57:10 AM
Let us stop before wasting too much time.

If your 'impeccable' source reckons that one family owns three quarters of the world's gold then there's a fair chance we need know nothing more about what will be a long winded load of drivel.

It might be that there's some real information in there but I doubt that the man impressed with the fiction just shared with us would be in a position to glean gold from fool's gold.

While we're at it perhaps an explanation of just which energy source is going to be replacing oil and which chemical precursors will be replacing petrochemicals in plastics would be interesting from our believer in fairy tales.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 12, 2016, 09:23:06 AM
Let us stop before wasting too much time.

If your 'impeccable' source reckons that one family owns three quarters of the world's gold then there's a fair chance we need know nothing more about what will be a long winded load of drivel.

It might be that there's some real information in there but I doubt that the man impressed with the fiction just shared with us would be in a position to glean gold from fool's gold.

While we're at it perhaps an explanation of just which energy source is going to be replacing oil and which chemical precursors will be replacing petrochemicals in plastics would be interesting from our believer in fairy tales.

Tex, I will listen to the YouTube presentation latter tonight but I suspect Andrew is correct. Perhaps in the mean time we will hear the grand conspiracists of RUA 'Wiz' give his opinion.
Title: Re: De-Dollarisation.
Post by: Manny on September 12, 2016, 01:24:36 PM
The Rothschilds own 75 percent of the worlds gold so most likely they will make gold valuable.

I'd bet much of the world's gold is contained in private people's jewellery or coins. I doubt the Rothschilds own 75% of the world's gold.

Russia has 1500 tonnes of it as well.........
Title: Re: De-Dollarisation.
Post by: andrewfi on September 12, 2016, 01:50:08 PM
Not even a small fraction. This is fictional stuff. Kinda like people use witchcraft and magic to explain stuff they can't understand. That's what we are seeing a lot of now. Simplified 'ideas' made such that lots of people can pretend to understand something. A thing that gives the game away in this regard is the labelling of some group or individual as being the hand behind the curtain,  the deus ex machina that explains the unexplainable.

The reality is much more complex, is not what the programmed people think and outside of their ken.

Kinda like AvHdB could tell me stories about wine and alcohol and I'd give him credence if he told me about some international cabal of topers who manipulate wine prices. Of course,  then I'd apply the stinky finger test and understand it was bullocks; sadly lots of people don't know how to apply the stinky finger test.
Title: Re: De-Dollarisation.
Post by: Texan77 on September 12, 2016, 01:52:15 PM
They will not audit the gold in fort Knox. This gold is officially is controlled by the federal reserve as collateral on the loans they have made to the US government. The federal reserve bank is a private bank. So maybe you do not say the federal reserve banks own the gold but the people of the USA have no control of it and can not audit it or even know if it is still there. This is true with many of the other federal banks around the world. So who really own this gold? The IMF is own by the same people that own the federal banks around the world.

Little by little we are going to a single world currency called SDRs. SDRs will be issued by the IMF. This will take a number of years to happen but it has already begun. You keep wonder where the dollar will end. Here it is. It will not happen tomorrow it is a slow process.
Title: Re: De-Dollarisation.
Post by: Texan77 on September 12, 2016, 02:01:20 PM
How much gold central banks have in tons.

United States (8,133.5), Germany (3,384.2), Italy (2451.8), France (2,435.4), Russia (1,149.8), China (1,054.1), Switzerland (1,040.0), Japan (765.2), Netherlands (612.5), India (557.7)

* The IMF is not a country but is the holder of the world’s 3rd largest reserves at 2,814.0 tonnes
Title: Re: De-Dollarisation.
Post by: andrewfi on September 12, 2016, 02:04:27 PM
Oh dearie, dearie me.

Do you have any idea what you are going on about,  at all?

Do you know what the acronym stands for?

You don't even know for how many decades they have been around,  do you?

You quite obviously don't know what an sdr is because you refer to it as being something that it absolutely is not.

Please allow me to recommend a book to you.
International Economics (a policy approach). Written by Mordechai Kreinin. I have an old edition but I am sure the current edition is worth reading. It covers,  on a factual basis, the kind of stuff that you mention uncomprehendingly so often these days.

You can buy it from Amazon from as little as 28 cents for an old edition. https://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=International+economics+Mordechai+Kreinin+

Read and learn authoritatively about matters such as central banking, fractional reserve banking, gold, SDRs and the IMF, the petrodollar cycle and much more than you can ever imagine.

Get this down your neck and remove the hand behind the curtain from your thinking,  in this field at least.
Title: Re: De-Dollarisation.
Post by: Texan77 on September 12, 2016, 02:05:47 PM
Putin is having the same problem in Russia but he s doing something about it.

http://new.euro-med.dk/20141215-putins-confident-putin-to-nationalize-rothschilds-central-bank-and-purge-collaborators-with-west-war-till-one-side-collapses-inevitable.php
Title: Re: De-Dollarisation.
Post by: andrewfi on September 12, 2016, 02:11:31 PM
You really need some help, that book will be your best friend.
Title: Re: De-Dollarisation.
Post by: Manny on September 12, 2016, 02:45:45 PM
How much gold central banks have in tons.

United States (8,133.5), Germany (3,384.2), Italy (2451.8), France (2,435.4), Russia (1,149.8), China (1,054.1), Switzerland (1,040.0), Japan (765.2), Netherlands (612.5), India (557.7)

* The IMF is not a country but is the holder of the world’s 3rd largest reserves at 2,814.0 tonnes

Russia and China hold way more gold than that. Buying gold is part of the de-dollarisation plan. Someone needs to do more Googling..........
Title: Re: De-Dollarisation.
Post by: Texan77 on September 12, 2016, 03:17:34 PM
SDRs are now becoming a reserve currency. they have an exchange rate http://www.imf.org/external/np/fin/data/rms_mth.aspx?SelectDate=2015-09-30&reportType=CVSDR Yes SDR's have been around since 1968 but they are undergoing a change. In 2015 US congress passed a law making them convertible in both direction to and from US currency.

That is fine Andrew. Just keep thinking petro dollars. Do not look at video as you will not want to understand the globalist central bankers and their intent. Just be mad at the USA and understand nothing about how this influence our foreign policy and the policies of the EU and how this effects Russia in todays world. 

This all started with my reading about Putin nationalizing the Rothschild  central bank of Russia. Gee I thought we have one bank like that in the USA. They also have one in the UK, France and most of the rest of the world. So then I found this video about the history of the USA Central bank. It is very intertwined with the Great Britain, the America revolutionary War the rise of Germany and the world wars. The Russian czars and the on set of communism all had there part if our banking history. Two  American presidents that did not go alone got shot and killed.  Some of this I knew to be true for a long time. But this video help connect the dots better for me. 
Title: Re: De-Dollarisation.
Post by: Texan77 on September 12, 2016, 03:20:08 PM
How much gold central banks have in tons.

United States (8,133.5), Germany (3,384.2), Italy (2451.8), France (2,435.4), Russia (1,149.8), China (1,054.1), Switzerland (1,040.0), Japan (765.2), Netherlands (612.5), India (557.7)

* The IMF is not a country but is the holder of the world’s 3rd largest reserves at 2,814.0 tonnes

Russia and China hold way more gold than that. Buying gold is part of the de-dollarisation plan. Someone needs to do more Googling..........

Ok you show me how much gold they have. China also has a Rothschild bank like Russia used to have. With the huge debt now I doubt it is all free and clear. If China did not play like the bankers wanted their currency would never gotten reserve status.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 12, 2016, 03:27:00 PM
Texan, matey, you have not got the faintest idea what you are blathering about. Go do some PROPER learning, from a book written by a bloke who knows stuff.

Seriously, you are just repeating fairy tales. It is shameful that grown up people can be so woefully uneducated that they don't have the basics to enable them to know when they are being lied to.  :'(

To put things into a context that you might understand: when I read stuff like you write (and not just you, but here you are!) it is something like the manner that you might react when somebody, in all seriousness tells you that the earth is flat, or that a god created the earth in 6 days and rested on the 7th. One finds it hard to understand how people can be so dumb, so uneducated, so unable to think, that they honestly believe in a flat earth or magic.

OK,  I surrender, you are going to tell me that you DO think the earth is flat.
Title: Re: De-Dollarisation.
Post by: Manny on September 12, 2016, 03:31:29 PM
It is shameful that grown up people can be so woefully uneducated that they don't have the basics to enable them to know when they are being lied to.

He lives in a country full of similar people (why we call it the American condition (http://www.hermes-press.com/american_condition.htm)). Their government has this stuff off to a fine art. It is 1984 in action. Indoctrination of the masses.
Title: Re: De-Dollarisation.
Post by: Tom Cat on September 12, 2016, 03:48:38 PM
This article is a few months old, but might be helpful for those that don't understand the concept of Russia buying up gold.

Russia's Gold Reserves Are a Growing Threat to the U.S. Dollar

http://moneymorning.com/2015/06/15/russias-gold-reserves-are-a-growing-threat-to-the-u-s-dollar/
Title: Re: De-Dollarisation.
Post by: Texan77 on September 12, 2016, 04:36:17 PM
This article is a few months old, but might be helpful for those that don't understand the concept of Russia buying up gold.

Russia's Gold Reserves Are a Growing Threat to the U.S. Dollar

http://moneymorning.com/2015/06/15/russias-gold-reserves-are-a-growing-threat-to-the-u-s-dollar/

Money Morning sells Jim Rickards stuff. This article is something he is saying to get people to buy this service. Surely Russia acquiring more gold would make that country have a more solid currency and our completing  currency not quit as strong. It is just the banker are able to over ride this. Back in 2014 and 15 everyone on this site thought the dollar would be dead almost over night. Instead it rose in value and has remained at these highs. I contend it is because these bankers have decided that it is to their benefit for the dollar to be strong now. So no matter how much debt we have nor how messed up the rest of the country is, the dollar rises.  At some future time that decision will change. You guys will watch these moves and have no idea what is happening.

According  Tom Cat's article the amount of gold Russia has in very in line with what my source said.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 13, 2016, 02:36:02 PM
Texan77, your poor memory feeds your prejudice.

Whilst I, for one, certainly think that the dollar's days as the main currency of international settlements are numbered I certainly would never have suggested or stated that the time was imminent. I do not recall others making such a suggestion.

These matters are processes, a change from one state to another by increment. What we have been seeing is that the rate of increment has been hastening since I first wrote about it back in perhaps 2001/2.

For your further education you might want to take a shufti at this book: https://www.amazon.com/Ascent-Money-Financial-History-World/dp/0143116177/ref=mt_paperback?

Aimed at the layman it describes in easy stages what money is, how it has developed and how money works. It is less technical than International Economics, written for the YouTube Generation. You might be interested in the section about the Rothschild family which starts at around page 80 in the edition I read. Reading it might help you to overcome your anti-semitic prejudices, just a little, maybe it will help you t understand just how you have been programmed by those who are likely much more prejudiced than you probably are. Doubt me about the anti-semitism thing? Go read your favoured websites, forums and blogs, the ones that 'taught' you what you think you know about economics and look at them objectively  -don't worry, I know what you will find, I know what is there to be seen. ;)
Title: Re: De-Dollarisation.
Post by: Texan77 on September 13, 2016, 04:49:10 PM
Did you ever wonder how the US dollar got so much support to be the worlds currency in the first place? Well we have a private Federal reserve bank that has a seven member board with five members of it are appointed by the secrete stock holders. This bank controls our currency so in effect no government in the world controls the US dollar but rather a private bank. So this private bank controls the world reserved currency and will likely only replace it when they find something they can control better.
Title: Re: De-Dollarisation.
Post by: Gipsy on September 14, 2016, 06:04:08 AM
Did you ever wonder how the US dollar got so much support to be the worlds currency in the first place? Well we have a private Federal reserve bank that has a seven member board with five members of it are appointed by the secrete stock holders. This bank controls our currency so in effect no government in the world controls the US dollar but rather a private bank. So this private bank controls the world reserved currency and will likely only replace it when they find something they can control better.

So basically you are confirming what wizziebaby has been saying all along...   :ROFL:
Title: Re: De-Dollarisation.
Post by: AvHdB on September 14, 2016, 07:51:31 AM
Did you ever wonder how the US dollar got so much support to be the worlds currency in the first place? Well we have a private Federal reserve bank that has a seven member board with five members of it are appointed by the secrete stock holders. This bank controls our currency so in effect no government in the world controls the US dollar but rather a private bank. So this private bank controls the world reserved currency and will likely only replace it when they find something they can control better.

So basically you are confirming what wizziebaby has been saying all along...   :ROFL:

 :chuckle: Oddly enough if you look at what Wizz, Andrew and Tex they all have been speaking of it in a similiar fashion, perhaps with a different end game. There are elements that I think have a fair degree of truth in them. But as Tex pointed there is no one group or element that controls 100% of all the balls. And there are allot of balls being juggled.

It should alo be noted though I do not recall Tex making any anti semitic comments. 
Title: Re: De-Dollarisation.
Post by: Gipsy on September 15, 2016, 01:05:44 AM
Did you ever wonder how the US dollar got so much support to be the worlds currency in the first place? Well we have a private Federal reserve bank that has a seven member board with five members of it are appointed by the secrete stock holders. This bank controls our currency so in effect no government in the world controls the US dollar but rather a private bank. So this private bank controls the world reserved currency and will likely only replace it when they find something they can control better.

So basically you are confirming what wizziebaby has been saying all along...   :ROFL:

 :chuckle: Oddly enough if you look at what Wizz, Andrew and Tex they all have been speaking of it in a similiar fashion, perhaps with a different end game. There are elements that I think have a fair degree of truth in them. But as Tex pointed there is no one group or element that controls 100% of all the balls. And there are allot of balls being juggled.

It should alo be noted though I do not recall Tex making any anti semitic comments.

Pray tell where that was insinuated in my post??
Remember, the subject of the posts....
As I posted, wizziebaby has made MANY posts in reference to finance and the various Central Banks...
Title: Re: De-Dollarisation.
Post by: andrewfi on September 15, 2016, 01:17:30 AM
Nobody made any suggestion that Texan77 made any anti-semitic remarks.
Some people really need to start take some adult literacy classes - or slow down their consumption of intoxicants.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 15, 2016, 02:19:42 AM
Nobody made any suggestion that Texan77 made any anti-semitic remarks.
Some people really need to start take some adult literacy classes - or slow down their consumption of intoxicants.

Your words.

. . . Texan77, your poor memory feeds your prejudice.

. . . Reading it might help you to overcome your anti-semitic prejudices, just a little, maybe it will help you t understand just how you have been programmed by those who are likely much more prejudiced than you probably are. Doubt me about the anti-semitism thing? Go read your favoured websites, forums and blogs, the ones that 'taught' you what you think you know about economics and look at them objectively  -don't worry, I know what you will find, I know what is there to be seen. . .
Title: Re: De-Dollarisation.
Post by: Wiz on September 15, 2016, 09:39:14 AM
Did you ever wonder how the US dollar got so much support to be the worlds currency in the first place? Well we have a private Federal reserve bank that has a seven member board with five members of it are appointed by the secrete stock holders. This bank controls our currency so in effect no government in the world controls the US dollar but rather a private bank. So this private bank controls the world reserved currency and will likely only replace it when they find something they can control better.

So basically you are confirming what wizziebaby has been saying all along...   :ROFL:

 :chuckle: Oddly enough if you look at what Wizz, Andrew and Tex they all have been speaking of it in a similiar fashion, perhaps with a different end game. There are elements that I think have a fair degree of truth in them. But as Tex pointed there is no one group or element that controls 100% of all the balls. And there are allot of balls being juggled.

It should alo be noted though I do not recall Tex making any anti semitic comments.

Pray tell where that was insinuated in my post??
Remember, the subject of the posts....
As I posted, wizziebaby has made MANY posts in reference to finance and the various Central Banks...

Gipsy

Another Moscovite duck.....swimming in the pond of ignorance throwing around the Antisemitic slur ......when we mention the word Jew!


They are not only control the FED but also another 2000 banks around the world. May I suggest to him to take a look at the Rothchilds Bank website to find out how many Central banks are controled by the family, around the world and then start talking again.

Just for his information, only Iran, Syria, N, Korea and another one that I forget now are not under their control.

Does he know also who started the WWII and for what reason?
I don't think so........

(http://www.infiniteunknown.net/wp-content/uploads/2014/02/judea_declares_war_on_germany.jpg)
Title: Re: De-Dollarisation.
Post by: andrewfi on September 15, 2016, 09:50:31 AM
Wiz, I think somebody has been misleading you!

The newspaper is from 1933 and the headline represents the outburst and editorial exuberance of the subeditor  working on that story. This was about a boycott of German business called by , largely, American Jews but also followed in Europe. It was NOT a declaration of war by anybody.
Title: Re: De-Dollarisation.
Post by: Wiz on September 15, 2016, 02:48:16 PM
Wiz, I think somebody has been misleading you!

The newspaper is from 1933 and the headline represents the outburst and editorial exuberance of the subeditor  working on that story. This was about a boycott of German business called by , largely, American Jews but also followed in Europe. It was NOT a declaration of war by anybody.
Nobody is misleading me and it's pretty obvious the same sensationalism was taking place also then with the Media.

But the fact remains that the American Jews and all over the world decided to boycott Germany and provoked Hitler and his Nationalist party members, who did not took it kindly and then reciprocated accordingly very harsh to the local German Jews and later to any one of them living in the occupied, by Germany, countries .

People like Hitler and other dictators do not take it kindly, such actions against their country or themselves. Look at the reaction of the Russian Government against EU and America.

When the USA issued the sanctions and forced the EU counties to follow..... Putin hit back very hard those EU countries trading with Russia. Who lost in this game?

If you were in Hitlers and Putin's shoes.... you would do the same.

Hitler was an evil dictator and there is no excuse about his actions.





Title: Re: De-Dollarisation.
Post by: Manny on September 15, 2016, 04:52:09 PM
But the fact remains that the American Jews and all over the world decided to boycott Germany

To this day they seldom buy German cars or appliances; seldom you will see a Frummer in a Merc. Why so many drive Volvos. Sweden was neutral.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 15, 2016, 06:05:59 PM

 American Jews Jews and all over the world decided to boycott Germany and provoked Hitler and his Nationalist party members, who did not took it kindly and then reciprocated accordingly very harsh to the local German Jews and later to any one of them living in the occupied, by Germany, countries .

People like Hitler and other dictators do not take it kindly, such actions against their country or themselves. Look at the reaction of the Russian Government against EU and America.

When the USA issued the sanctions and forced the EU counties to follow..... Putin hit back very hard those EU countries trading with Russia. Who lost in this game?

If you were in Hitlers and Putin's shoes.... you would do the same.

Hitler was an evil dictator and there is no excuse about his actions.

Yet Wiz you justify the behavior of Putin who is following Hitler according to your opinion.

Wiz you are truly an ugly human. Putin has done nothing of the like, to paint him this way is repugnant and shows your integrity. While there are policy choices that I do not agree with. He has not attempted to exterminate races such as your hero's Hitler and Milošević attempted.

NB: Perhaps I am reading Wiz words in the wrong light, but I showed them to an American Native (Indian) and she found them also offensive. Maybe his lack of English skills magnify his poor understanding of history but it still remains outright ugly.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 15, 2016, 06:51:35 PM
But the fact remains that the American Jews and all over the world decided to boycott Germany

To this day they seldom buy German cars or appliances; seldom you will see a Frummer in a Merc. Why so many drive Volvos. Sweden was neutral.

I grew up in a town with more synagogues than churches, my ex-wife was Esther. Often we were asked which synagogue we went to. Only problem my family has a history from near Rotterdam about 100 years before the arrival of B. Spinoza and my now (ex) wife was the oldest publisher of Christian literature in the New World.

We had enough Jewish friends and they mostly drove Mercs and BMR's plus had a certain affinity to Ford 150's. Could never figure that out.
Title: Re: De-Dollarisation.
Post by: Wiz on September 15, 2016, 08:54:37 PM
AvHdB

It is pretty obvious that you are ignorant, uneducated person and English is not your mother tongue, Hebrew is with an ugly personality to go with it! Only an ugly uneducated Jew would twist and falsify the meaning of my comments. That guilty and hatred chip on your shoulder combined with your ignorance of the English language makes you blind and without good comprehension of the comments made, you attack any person who dare to make the slightest comment or criticise your Jewish heritage. Speaking the truth it’s not part of your Jewish make up and only lies will suffice for your twisted mentality.

I have started learning English, when I was 7 years old and after using it on a daily basis for over 60 years, I think, I have a very good command of the English language.

If my comments meant what you are accusing me for, I can assure you that Manny would not hesitated to delete my comments and he is an educated writer of this country.


American Jews and all over the world decided to boycott Germany and provoked Hitler and his Nationalist party members, who did not took it kindly and then reciprocated accordingly very harsh to the local German Jews and later to any one of them living in the occupied, by Germany, countries .

People like Hitler and other dictators do not take it kindly, such actions against their country or themselves. Look at the reaction of the Russian Government against EU and America.

When the USA issued the sanctions and forced the EU counties to follow..... Putin hit back very hard those EU countries trading with Russia. Who lost in this game?

If you were in Hitlers and Putin's shoes.... you would do the same.

Hitler was an evil dictator and there is no excuse about his actions.

1) Yet Wiz you justify the behavior of Putin who is following Hitler according to your opinion.

2) Wiz you are truly an ugly human. Putin has done nothing of the like, to paint him this way is repugnant and shows your integrity. While there are policy choices that I do not agree with. He has not attempted to exterminate races such as your hero's Hitler and Milošević attempted.

3) NB: Perhaps I am reading Wiz words in the wrong light, but I showed them to an American Native (Indian) and she found them also offensive. Maybe his lack of English skills magnify his poor understanding of history but it still remains outright ugly.

1). Putin’s reply to the US and EU sanctions was justified because his country was attacked financially by the partners in crime, US and EU, Any patriotic politician would do the same to defend his country. If you think a world boycott of Germany by the Jews was not a financial attack, than you are totally screwed up in your brain.

2). Nowhere I said that Putin followed Hitler’s reaction to the Jewish boycott, with a genocide. You twisted my comments to justify your ignorant and hatred agenda against any critic of the Jews.

3). I am not wearing blinkers and do not carry a chip on my shoulder and hate every other race, like you do. I do have a better understanding of History and my command of English is miles ahead of yours. Obviously I understand your secret jealousy and hatred towards my Greek cultural inheritance of thousand of years, something you don’t have and because of that you hate any other race.

Finally get you pink glasses of and read the last sentence of my previous comments, which I have now highlighted, for you to be able to read.
Title: Re: De-Dollarisation.
Post by: AvHdB on September 16, 2016, 02:32:41 AM
Wizz, I do not hate any race. But I have a strong dislike for those who are intolerant.

Your words are what condemn you. But that is your problem (and those close to you).

As I pointed out my families heritage goes back to the early 1400's from near Rotterdam. That I am educated, can study in English is not something you should worry about.

Oddly enough the oldest English speaking church beyond the British Islands is in Amsterdam and I attend it.

Av
Title: Re: De-Dollarisation.
Post by: Wiz on September 16, 2016, 05:48:30 AM
AvHdB I don't think I am the only one who gets irritated with your kind of behaviour twisting  and falsifying our comments. Other people are more polite towards you, like "AndreFi", but it is not in my character to be tolerant to such people, like you, who on a daily basis continue showing the same bad behaviour.

If you don't understand any comments in my postings feel free to ask for explanations but do not make assumptions, twist and falsify the meaning of my comments.

As I know you well, you will have the last word but do not expect me to answer.

The fact, as you claim, that your family go back to the 1400 makes no difference, what soever.

End of the matter. :evilgrin0002:
Title: Re: De-Dollarisation.
Post by: Tom Cat on November 01, 2016, 06:17:07 PM
Russia Is Hoarding Gold at Breakneck Pace — The Next Global Conflict Will Be Fought With Currencies

http://russia-insider.com/en/politics/russia-hoarding-gold-alarming-rate-next-world-war-will-be-fought-currencies/ri17308
Title: Re: De-Dollarisation.
Post by: Tom Cat on February 10, 2017, 01:25:05 PM
Russia continues to buy gold at a rapid pace, to weed out the dollar.
If by chance Putin and Trump find common ground to better relationship between the two countries, I would if Russia might change their attitude about the dollar?

Goodbye Petrodollar: Russia and China Dump US Treasuries, Buy Gold

http://russia-insider.com/en/its-happening-russia-china-dump-us-treasuries-buy-all-gold-they-can-get/ri18875
Title: Re: De-Dollarisation.
Post by: andrewfi on February 10, 2017, 01:45:33 PM
I doubt that improved relations would change the de-dollarization program. Whilst it is certainly true that, to some degree, de-dollarization is about national security and also as a weapon of economic warfare, both of which might be seen as being, of less importance if Russia and the U.S start playing kissy face, there are sound macro-economic reasons for rejecting dollar hegemony that are not related to immediate national security.

The Trump regime has inherited a world, created by his predecessors, in which the dollar will become sidelined in a process that will take decades to complete (if the U.S is sensible - and much less, if not).

Russia's needs are best suited by a controlled, lengthy, process but between Russia and China, if the U.S plays silly buggers, then the process can be weaponised at huge cost to the United States and a climactic effect created. I am sure that Team Trump is well aware of this and will seek to return to a process that was underway under Bush major.
Title: Re: De-Dollarisation.
Post by: Texan77 on February 10, 2017, 06:05:09 PM
Russia continues to buy gold at a rapid pace, to weed out the dollar.
If by chance Putin and Trump find common ground to better relationship between the two countries, I would if Russia might change their attitude about the dollar?

Goodbye Petrodollar: Russia and China Dump US Treasuries, Buy Gold

http://russia-insider.com/en/its-happening-russia-china-dump-us-treasuries-buy-all-gold-they-can-get/ri18875

China has to dump treasuries to support their currency from losing too much value. Trump trying to figure out how to make the dollar less valuable so the USA can sell products over seas again. US fed wanting to raise rates three times this year which will send the dollar higher. Trump is all pissed off at the fed and will likely replace as many members as soon as  he can so he can get someone to kill the value of the dollar. All this trade in dollars has killed our domestic businesses by driving the dollar higher. Now to make matters worse there are seven EU countries with president elections this summer that have candidate that want to leave the EU. I surely do not know what will happen but there is a risk maybe the euro. If the euro has a problem it will send the dollar higher again and cause more problems as more trade will be done in dollars. Taxes too high, too many regulations, Labor too high, and currency too high. All of this needs to be corrected before US manufacturing will return and we can get a favorable balance of trade. 

Title: Re: De-Dollarisation.
Post by: B.B. on February 10, 2017, 09:33:37 PM
If the euro has a problem...

Or, one might say, *more* problems.  The Euro will disappear before the dollar does.

Indeed, it will likely be replaced by the Dinar, for that matter.

B/B
Title: Re: De-Dollarisation.
Post by: Texan77 on February 11, 2017, 07:58:38 AM
What Andrew and the other do not understand is that with the end of the dollar will likely be the end of white people being wealthy. 

The globalist would like to have a single world currency. This way all the people all around the world would have about the same level of wealth. Not good if you are from a wealthy nation but great if you are from a poor nation. Just think when Africans and Europeans all have the same standard of living. This is what they are really hoping for but to blinded by the hate of the USA to see it.

The IMF does have a single currency ready to replace the dollar as soon as they can get the standard of living in western Europe and the US down to a level where it will work.

Maybe after the break up of the EU and the ruin of the dollar we can all live like Ukrainians.
Title: Re: De-Dollarisation.
Post by: Manny on February 11, 2017, 08:40:56 AM
Maybe after the break up of the EU and the ruin of the dollar we can all live like Ukrainians.

Then we will have to find other halves from richer countries to buy us apartments.  :innocent:
Title: Re: De-Dollarisation.
Post by: Contrarian on February 11, 2017, 09:45:14 AM
If the euro has a problem...

Or, one might say, *more* problems.  The Euro will disappear before the dollar does.

Indeed, it will likely be replaced by the Dinar, for that matter.

B/B

I had to look that up. Ouch!  :laugh:
Title: Re: De-Dollarisation.
Post by: andrewfi on February 11, 2017, 10:24:30 AM
Texan77, I think that you don't quite understand how money works.

The IMF does not have a currency to replace the dollar. They DO have an administrative tool that makes accounting across currencies easier.

Currencies are not race specific. However, do you have a reason to fear other people, of other races, becoming less poor? You might want to think about that for a moment.

The U.S dollar could lose its place as the main reserve currency without axiomatically losing value. In fact, the end of the unfettered money creation going on at the moment would mechanistically tend to lead to an increase in its buying power. You probably won't have noticed how the buying power of the dollar has fallen. That's the value of the dollar decreasing. One (possibly the main) reason for the decline is the amount of dollars in circulation.
Title: Re: De-Dollarisation.
Post by: Contrarian on February 11, 2017, 11:01:51 AM
Texan77, I think that you don't quite understand how money works.

The IMF does not have a currency to replace the dollar. They DO have an administrative tool that makes accounting across currencies easier.

Currencies are not race specific. However, do you have a reason to fear other people, of other races, becoming less poor? You might want to think about that for a moment.

The U.S dollar could lose its place as the main reserve currency without axiomatically losing value. In fact, the end of the unfettered money creation going on at the moment would mechanistically tend to lead to an increase in its buying power. You probably won't have noticed how the buying power of the dollar has fallen. That's the value of the dollar decreasing. One (possibly the main) reason for the decline is the amount of dollars in circulation.

Yes if managed properly others becoming middle class is a good thing. New middle class in China purchase Buick's etc. however Trump is correct that the Chinese have used currency manipulation to gain an advantage over the USA. Time for a change.
Title: Re: De-Dollarisation.
Post by: andrewfi on February 11, 2017, 01:32:28 PM
Confederate, whilst currency sales and purchases have been made, that is normal. China employs a dirty float with the US Dollar which means that it trades within a band around the dollar. Maintaining that peg cost China money and is a benefit to the USA. If China were to move away from any form of pegging and to a free float then it is almost certain that the Yuan would significantly fall in value against the dollar.

Right now China is doing the United States a HUGE favour because the effect of the peg is to overvalue the Yuan against China's regional trading partners which is not good for China. A fall in the value of the Yuan would also help China in the US market by making their products relatively cheaper in dollar terms.

You Usaians should be thanking the Chinese government, every day, for their choice to NOT let market forces take hold, to manipulate their currency to maintain an artificially high XR against the dollar.

Sadly though you lot are not well enough informed (programmed) to know about this stuff, still less to understand it, so you all go round parroting bollocks because bollocks is all you know.
Title: Re: De-Dollarisation.
Post by: Contrarian on February 11, 2017, 02:17:37 PM
I won't claim to be an expert or as knowledgeable as you are; but I do trust Trump when he says they manipulate their currency and it is bad for us. Is he wrong? Am I wrong to trust him?
Title: Re: De-Dollarisation.
Post by: B.B. on February 12, 2017, 12:08:25 PM
I won't claim to be an expert or as knowledgeable as you are; but I do trust Trump when he says they manipulate their currency and it is bad for us. Is he wrong? Am I wrong to trust him?

Actually if the Yuan was permitted to float against the USD it would appreciate rapidly - we know this in theory and we know it because when it was put into a controlled float a few years back it appreciated by 21% until the Chinese put the brakes on.

China does not do favors for free.  They have a huge population (du-uh) and thus it makes sense for them to have a labor-intensive economy.  By keeping their currency artificially low against the dollar the Chinese keep their exports priced attractively for the US market. 

Anyone who tells you otherwise is indulging in their pathological dislike for all things "USAian." *cough* - *cough*

B/B
Title: Re: De-Dollarisation.
Post by: Contrarian on February 12, 2017, 12:11:17 PM
I won't claim to be an expert or as knowledgeable as you are; but I do trust Trump when he says they manipulate their currency and it is bad for us. Is he wrong? Am I wrong to trust him?

Actually if the Yuan was permitted to float against the USD it would appreciate rapidly - we know this in theory and we know it because when it was put into a controlled float a few years back it appreciated by 21% until the Chinese put the brakes on.

China does not do favors for free.  They have a huge population (du-uh) and thus it makes sense for them to have a labor-intensive economy.  By keeping their currency artificially low against the dollar the Chinese keep their exports priced attractively for the US market

Anyone who tells you otherwise is indulging in their pathological dislike for all things "USAian." *cough* - *cough*

B/B

Thank you very much for a knowledgeable and complete answer.  tiphat

I had some suspicions about that last part but was waiting to hear from horse's mouth.  ;D
Title: Re: De-Dollarisation.
Post by: B.B. on February 12, 2017, 12:15:15 PM
I won't claim to be an expert or as knowledgeable as you are; but I do trust Trump when he says they manipulate their currency and it is bad for us. Is he wrong? Am I wrong to trust him?

Actually if the Yuan was permitted to float against the USD it would appreciate rapidly - we know this in theory and we know it because when it was put into a controlled float a few years back it appreciated by 21% until the Chinese put the brakes on.

China does not do favors for free.  They have a huge population (du-uh) and thus it makes sense for them to have a labor-intensive economy.  By keeping their currency artificially low against the dollar the Chinese keep their exports priced attractively for the US market. 

Anyone who tells you otherwise is indulging in their pathological dislike for all things "USAian." *cough* - *cough*

B/B

Thank you very much for a knowledgeable and complete answer.  tiphat

I had some suspicions about that last part but was waiting to hear from horse's mouth.  :laugh:

Well.  I suppose that if I'm the "horse's mouth" that has an implication about  the more southerly end of the horse.  :chuckle:

That bit of roughhousing aside, I note that I did turf part of the convo b/w two members to improve the signal/noise ratio.  Play on.

B/B



Title: Re: De-Dollarisation.
Post by: Manny on February 12, 2017, 04:59:29 PM
New middle class in China purchase Buick's etc.

From several visits to China among the middle class I can tell you that Buick and US cars generally is something they are not buying. They are buying German and Japanese just like Americans. If you have less money you buy local, Trumpchi etc.

They do buy iPhones, bizarrely exported from China and then reimported as "genuine". But Huawei is gaining ground very fast so that won't last long. And the copy iPhones are now good enough to rival the originals. But cost only $100 or so.

They like brands, and genuine stuff at that, but US stuff generally isnt too far up the desirable list. Italian and French stuff tops the charts.

Same here in the UK and the EU, not that many American brands (that are not fast food or sugary drinks) are mainstream. Weber barbecues and Snap On tools are niche, clothing like J Crew and Gant are not huge, Shark vacuums are trying but they will never beat Dyson, Sebo and Miele, iPhones are of course everywhere but they are American only in design rights; they are made in China. "Made in the USA" isnt something we (or the Chinese) often see.

Not that American stuff is crap, far from it. But local stuff is often comparable in quality and cheaper. To enter the market, American brands would need a USP, and outside of America that is a hard sell if you can think of one. At $2/£1 it was different, but at $1.20/£1 American stuff isnt good value.
Title: Re: De-Dollarisation.
Post by: andrewfi on February 12, 2017, 05:42:05 PM
confederate, actually, while he was trying very hard to do otherwise, bb was, in fact agreeing with what I wrote. He does have a rather one eyed view of the world, hence his rather silly claims. In the end, sometimes, the facts is just the facts.

China DOES manipulate its currency, in order to remain within a close range of rates to the dollar. It is axiomatic that if one currency falls, in rate against another then the other will rise.

The US is probably the largest manipulator of currencies. This, again, is axiomatic, given the volume of dollars created and traded. Manipulation is required for many reasons, not the least of which being to keep as many dollars as possible out of the US domestic economy.

Thus, Trump's claim is true and is, for anyone who knows ANYTHING about money, a message from Captain Obvious but which is shocking news to many USAians. At the same time, his words are, as can be seen from my words above, intentionally misleading in order to pander to the fears and prejudices of the great unwashed.
Title: Re: De-Dollarisation.
Post by: B.B. on February 12, 2017, 07:03:58 PM
confederate, actually, while he was trying very hard to do otherwise, bb was, in fact agreeing with what I wrote. He does have a rather one eyed view of the world, hence his rather silly claims.

Shhh.  Nobody cares.

B/B
Title: Re: De-Dollarisation.
Post by: Tom Cat on April 25, 2017, 12:34:37 PM
Why a Russia-China currency swap agreement turned out to be a damp squib

http://rbth.com/business/2017/04/25/why-russia-china-currency-swap-agreement-turned-damp-squib-750321
Title: Re: De-Dollarisation.
Post by: andrewfi on April 25, 2017, 01:49:08 PM
confederate, actually, while he was trying very hard to do otherwise, bb was, in fact agreeing with what I wrote. He does have a rather one eyed view of the world, hence his rather silly claims.

Shhh.  Nobody cares.

B/B

And yet you cared enough to write.
Nice to see that somebody cares!
Title: Re: De-Dollarisation.
Post by: B.B. on April 25, 2017, 01:54:37 PM
confederate, actually, while he was trying very hard to do otherwise, bb was, in fact agreeing with what I wrote. He does have a rather one eyed view of the world, hence his rather silly claims.

Shhh.  Nobody cares.

B/B

And yet you cared enough to write.
Nice to see that somebody cares!

It took you more than two months to come up with that?   :chuckle:

B/B
Title: Re: De-Dollarisation.
Post by: Tom Cat on April 27, 2017, 05:38:50 PM
Will China Force the Saudis to Dump the Dollar?

http://russia-insider.com/en/politics/will-china-force-saudis-dump-dollar/ri19697
Title: Re: De-Dollarisation.
Post by: B.B. on April 27, 2017, 11:08:59 PM
Will China Force the Saudis to Dump the Dollar?

http://russia-insider.com/en/politics/will-china-force-saudis-dump-dollar/ri19697

I always chortle at these anti-American wank fests. 

Here's the bottom line: There is No Substitute for Hard Power.

The EU found that out.  When your world turns tho shit, what help is the Hôtel de Brienne - and I'll wait for everyone to go look that up - going to be?  Sure, they might loan you a few white flags and teach you how to surrender, and what hairstyles are most suitable for the occupation, but that's about it.

The House of Saud is entirely dependent on the US for its security, and they will quickly find out how lonely they will be without Big Daddy.  Similarly, were the US to cut SA adrift, it would inevitably be replaced by something *worse*.  It's the M/E.  That's how it goes there.  I'd be perfectly happy letting Assad and Russia run Syria, if they could stay in their lane. 

The Saudis may, as I have written here before, move to a "basket" of currencies, but they will hardly be abandoning dollars.  Indeed, with the EU teetering on the brink of dissolution, and subject to invasion by from the Dirt World, there are going to be two primary currencies that people trust in the near to medium term: Gold and the Greenback.

I now return you to your regularly scheduled hysterias....

B/B

Title: Re: De-Dollarisation.
Post by: Markje on April 28, 2017, 02:06:53 AM
Indeed, with the EU teetering on the brink of dissolution, and subject to invasion by from the Dirt World
B/B
And good riddance! That anti-democratic bureaucratic moloch shouldve been disbanded YEARS ago.

Hopefully it will soon , and we will go back to the EEG or something which was much more profitable to its members!.

Shengen is dead, because of the same sand-people. Just like the open-internet is now dead because of hackers, but the IT crowded learned quickly and now we have mail-filters, antivirus tools and firewalls to protect us from the malversants.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 28, 2017, 03:15:03 AM


It took you more than two months to come up with that?   :chuckle:

B/B

Nope, I did not even notice your silly little post until I wrote the reply.
Some people no matter how beardy they might be are not the centre of anyone's universe. However, the point I made was true. You cared enough to post a pointless riposte. You still care.
Title: Re: De-Dollarisation.
Post by: msmoby on April 28, 2017, 09:33:57 AM
The Euro seems pretty stable v the Greenback and the EU will survive - as long as they realse defeating the far-right in FR and NL should not be celebrated and forgotten .....  many people got 'racist' and 'nationalistic'  because they felt they were 'losing control' of immigration....

In the case of the UK - to the point of lunacy .... Thank GOD the Dutch and French are smarter



Title: Re: De-Dollarisation.
Post by: Manny on April 29, 2017, 04:38:07 AM
The Euro seems pretty stable v the Greenback and the EU will survive - as long as they realse defeating the far-right in FR and NL should not be celebrated and forgotten .....  many people got 'racist' and 'nationalistic'  because they felt they were 'losing control' of immigration....

In the case of the UK - to the point of lunacy .... Thank GOD the Dutch and French are smarter

Propaganda alert.  :smileysherlock:
Title: Re: De-Dollarisation.
Post by: Wiz on April 29, 2017, 08:08:44 AM
The Euro seems pretty stable v the Greenback and the EU will survive - as long as they realse defeating the far-right in FR and NL should not be celebrated and forgotten.....  many people got 'racist' and 'nationalistic'  because they felt they were 'losing control' of immigration....

In the case of the UK - to the point of lunacy .... Thank GOD the Dutch and French are smarter

You maybe interested reading this article:

What Exactly Did the French Vote for?  The European Union against the French Nation! (http://www.globalresearch.ca/what-exactly-did-the-french-vote-for-the-survival-of-france-as-a-nation-state/5587192)

 tiphat
Title: Re: De-Dollarisation.
Post by: msmoby on April 29, 2017, 08:41:16 AM

You maybe interested reading this article:



 tiphat

No, Wiz, I lived and worked in France ... I was quite confident in how they would vote months ago .... short of some serious scandal - made up or true ... The French are voting for the person who they best feel can improve their lot
Title: Re: De-Dollarisation.
Post by: msmoby on April 29, 2017, 08:46:43 AM


I now return you to your regularly scheduled hysterias....



From your suitably 'padded cell' ? ! ..

Whilst I totally agree about the BS written about 'de-dollarisation', I don't recognise YOUR hysteria, either ...
Title: Re: De-Dollarisation.
Post by: Markje on April 29, 2017, 02:00:23 PM
Thank GOD the Dutch and French are smarter
What are you talking about. The 'anti-EU' parties ALL won seats. Each and every one of them.

ANTI-EU parties:
PVV won from 12 seats to 20 seats.. increase of nearly 100%.
FvD went from 0 to 2, which is a huge accomplishment for a newcomer, 6 months old.
DeNK (Turkish party) from 2 seats to 3 seats.
50Plus : From 1 seat to 5. They view the EU with mostly skepticism and on some fronts hostile, but are not openly anti-EU, I will count em as such though as it is a big reason why they won.

So the ANTI-EU parties all together won 15 seats this election and now have 29 total, which almost doubles them (from 15 to 29).

Rulers over the past 4 year:
VVD: Lost 10 seats, barely remain in power. Right wing oriented. They're for the rich people.
PVDA: Lefties, slaughtered, went from 38 seats to only 9, that's 75% lost!!

New cabinet likely VVD + CDA + D66 + (GL or CU) , personally I hope CU.

PVV: Now the number 2 biggest party, but shunned by all others so will be in opposition
Groen Links: (Climate / green party) won hugely, 4 to 14 seats. They absorbed the largest chunk from PvdA's losses. Considering that most points are the same, thats no surprise. They have no opinion on the EU.
CDA: Christen Democrats won hugely, they are the only pro-EU party that won seats.


Mark.
Title: Re: De-Dollarisation.
Post by: msmoby on April 29, 2017, 03:26:56 PM

What are you talking about.

Mark.

Is the NL going to be run by a pro EU coalition Markje ?

Yes..

Thank you.

Title: Re: De-Dollarisation.
Post by: AvHdB on April 29, 2017, 03:46:33 PM
Indeed, with the EU teetering on the brink of dissolution, and subject to invasion by from the Dirt World
B/B
And good riddance! That anti-democratic bureaucratic moloch shouldve been disbanded YEARS ago.

Hopefully it will soon , and we will go back to the EEG or something which was much more profitable to its members!.

Shengen is dead, because of the same sand-people. Just like the open-internet is now dead because of hackers, but the IT crowded learned quickly and now we have mail-filters, antivirus tools and firewalls to protect us from the malversants.

The European Union lost its vision and the very reason that it became an entity. So for different reason I share the pessimism of Mark, I do not see it being viable in the long term. With out doubt though it has been for many business entities and industries very profitable. Both European and foreign.

But the over reaching attempts to create a harmonious single entity have been as a great a failure as say the Khmer Rouge or the African National Union. Odd that they both received massive support from Russia during the Communist regime.
Title: Re: De-Dollarisation.
Post by: Omega1982 on April 30, 2017, 01:27:43 AM
New middle class in China purchase Buick's etc.

From several visits to China among the middle class I can tell you that Buick and US cars generally is something they are not buying. They are buying German and Japanese just like Americans. If you have less money you buy local, Trumpchi etc.

They do buy iPhones, bizarrely exported from China and then reimported as "genuine". But Huawei is gaining ground very fast so that won't last long. And the copy iPhones are now good enough to rival the originals. But cost only $100 or so.

They like brands, and genuine stuff at that, but US stuff generally isnt too far up the desirable list. Italian and French stuff tops the charts.

Same here in the UK and the EU, not that many American brands (that are not fast food or sugary drinks) are mainstream. Weber barbecues and Snap On tools are niche, clothing like J Crew and Gant are not huge, Shark vacuums are trying but they will never beat Dyson, Sebo and Miele, iPhones are of course everywhere but they are American only in design rights; they are made in China. "Made in the USA" isnt something we (or the Chinese) often see.

Not that American stuff is crap, far from it. But local stuff is often comparable in quality and cheaper. To enter the market, American brands would need a USP, and outside of America that is a hard sell if you can think of one. At $2/£1 it was different, but at $1.20/£1 American stuff isnt good value.


What does France currently manufacture besides overpriced pens and perfume?  A lot of the designer brands are made elsewhere.  Almost all the items one purchases anywhere in the world are made in Asia. 
Title: Re: De-Dollarisation.
Post by: msmoby on April 30, 2017, 03:24:43 AM

What does France currently manufacture besides overpriced pens and perfume?  A lot of the designer brands are made elsewhere.  Almost all the items one purchases anywhere in the world are made in Asia.

Trains, planes, automobiles ? ...    How often do you visit and see the plants ..never flown on an Airbus ?:)
Title: Re: De-Dollarisation.
Post by: Contrarian on April 30, 2017, 08:42:53 AM
New middle class in China purchase Buick's etc.

From several visits to China among the middle class I can tell you that Buick and US cars generally is something they are not buying. They are buying German and Japanese just like Americans. If you have less money you buy local, Trumpchi etc.

They do buy iPhones, bizarrely exported from China and then reimported as "genuine". But Huawei is gaining ground very fast so that won't last long. And the copy iPhones are now good enough to rival the originals. But cost only $100 or so.

They like brands, and genuine stuff at that, but US stuff generally isnt too far up the desirable list. Italian and French stuff tops the charts.

Same here in the UK and the EU, not that many American brands (that are not fast food or sugary drinks) are mainstream. Weber barbecues and Snap On tools are niche, clothing like J Crew and Gant are not huge, Shark vacuums are trying but they will never beat Dyson, Sebo and Miele, iPhones are of course everywhere but they are American only in design rights; they are made in China. "Made in the USA" isnt something we (or the Chinese) often see.

Not that American stuff is crap, far from it. But local stuff is often comparable in quality and cheaper. To enter the market, American brands would need a USP, and outside of America that is a hard sell if you can think of one. At $2/£1 it was different, but at $1.20/£1 American stuff isnt good value.


What does France currently manufacture besides overpriced pens and perfume?  A lot of the designer brands are made elsewhere.  Almost all the items one purchases anywhere in the world are made in Asia.

French are big in aerospace. Have you not heard of Airbus? And they make decent cars for someone living in France or western Europe. They make decent military ships. Do you not recall they cancelled the sale of a couple of ships to Russia?
Title: Re: De-Dollarisation.
Post by: Manny on April 30, 2017, 11:17:14 AM
And they make decent cars for someone living in France or western Europe.

Well they make cars, Citroen, Renault and Peugeot. None of which I'd call decent, but they do make them.
Title: Re: De-Dollarisation.
Post by: Contrarian on April 30, 2017, 11:33:48 AM
And they make decent cars for someone living in France or western Europe.

Well they make cars, Citroen, Renault and Peugeot. None of which I'd call decent, but they do make them.

We have a different definition of decent. Unless I were living in France I would not consider one and they would still not be a top choice. So decent but not great.

I was only answering his question as to whether the French make anything.
Title: Re: De-Dollarisation.
Post by: Markje on April 30, 2017, 11:35:10 AM
And they make decent cars for someone living in France or western Europe.

Well they make cars, Citroen, Renault and Peugeot. None of which I'd call decent, but they do make them.
Don't forget Dacia ... the B-game of one of those 3 :D
Title: Re: De-Dollarisation.
Post by: AvHdB on April 30, 2017, 12:55:00 PM
And they make decent cars for someone living in France or western Europe.
Well they make cars, Citroen, Renault and Peugeot. None of which I'd call decent, but they do make them.

The French have managed to maintain building there own cars. Something the UK can not claim, remind RUA who owns, Rover, Jaguar and Rolls Royce. The French have constructed some of the most iconic cars ever, rivaling any other countries vehicles. If one drives a Renault; Espace or Safrane or a Citroën C5 one can only complain if you hold a bias.

Renault gets browny points for weening itself from government ownership and more or less holding its head above water as an automobile manufacturer in France.
Title: Re: De-Dollarisation.
Post by: Markje on April 30, 2017, 01:09:19 PM

The French have managed to maintain building there own cars. Something the UK can not claim, remind RUA who owns, Rover, Jaguar and Rolls Royce. The French have constructed some of the most iconic cars ever, rivaling other countries vehicles. If one drives a Renault; Espace or Safrane or a Citroën C5 one can only complain if you hold a bias.

Renault gets browny points for weening itself from government ownership and more or less holding its head above water as an automobile manufacturer in France.
Maybe, I drove cars from all 3 of them for at least 2+ years and every time they proved to be unreliable, except the diesel-engine of my Peug-206...... which I found out later was really a BMW engine in disguise.

Back then, it was a company car, so reliability didn't matter much to me. But now with my own wheels, I'll never buy a french one.
Title: Re: De-Dollarisation.
Post by: AvHdB on April 30, 2017, 01:25:53 PM

The French have managed to maintain building there own cars. Something the UK can not claim, remind RUA who owns, Rover, Jaguar and Rolls Royce. The French have constructed some of the most iconic cars ever, rivaling other countries vehicles. If one drives a Renault; Espace or Safrane or a Citroën C5 one can only complain if you hold a bias.

Renault gets browny points for weening itself from government ownership and more or less holding its head above water as an automobile manufacturer in France.
Maybe, I drove cars from all 3 of them for at least 2+ years and every time they proved to be unreliable, except the diesel-engine of my Peug-206...... which I found out later was really a BMW engine in disguise.

Back then, it was a company car, so reliability didn't matter much to me. But now with my own wheels, I'll never buy a french one.

Curious for the 206 which model and year?

Peugot still is one the primary builders of diesel engines. Though it would not surprise me that the common rail was from Simens or Bosch. Together with my ex we had a 206 diesel, it was great in country but on a long haul tiring. My favourites of French vintage were my BX (a red diesel break) and XM.
Title: Re: De-Dollarisation.
Post by: Markje on April 30, 2017, 05:08:21 PM

Curious for the 206 which model and year?

I don't know the exact model, but it was the 90BHP HDI version, with nearly all luxury installed in it. no option was left unchecked. Built in the year 2001.  Back then they had some special "Roland garros" edition, I wanted that one but in ocean-blue which they didn't do. So I took the strongest diesel-engine as base and started selecting options until there were none left. glass roof, nice wheels, bucket-sport-seats leather, climate control, navigation, all of it.

I don't agree with you on the long haul thingy only. It was the only car ever, I could get into with back-pain and after 15 minutes of driving that car it went away.
Title: Re: De-Dollarisation.
Post by: msmoby on April 30, 2017, 10:19:43 PM
Manny and Moby disagree - AGAIN ! :)

The BEST ( fun)  car I ever had was a Renault 5 GT Turbo.

I used it for business - even delivering in it - carried loads of weight.

It was reliable and FAST ....

I had a Citroen BX TD Estate from new in 89 - ran it into the ground  with 332,000 miles ion the clock - c.500K - My first wife wanted me to scrap it - but it was legendary. I used it to take rubbish to the skip in the trailer and we towed 3 Laser sailing dinghies with one on the roof - filled with sailing gear and the sailors all over the UK. 

'UNRELIABLE'?..

The Peugeot Citroen Group just bought GM's European operations......


Title: Re: De-Dollarisation.
Post by: AvHdB on May 01, 2017, 05:30:58 AM
Manny and Moby disagree - AGAIN ! :)

The BEST ( fun)  car I ever had was a Renault 5 GT Turbo.

I used it for business - even delivering in it - carried loads of weight.

It was reliable and FAST ....

I had a Citroen BX TD Estate from new in 89 - ran it into the ground  with 332,000 miles ion the clock - c.500K - My first wife wanted me to scrap it - but it was legendary. I used it to take rubbish to the skip in the trailer and we towed 3 Laser sailing dinghies with one on the roof - filled with sailing gear and the sailors all over the UK. 

'UNRELIABLE'?..

The Peugeot Citroen Group just bought GM's European operations......

I suspect the Renault GT5 (leCar for Yanks) would lap a VW Golf (rabbit) GTI.

I also owned the BX TD (Break) or for the UK an Estate. I suspect you got a discount for the red colour. Was a great car, but mine only lasted to about 400,000K it was T-boned by a BMW in The Hague. While I could have repaired the Red Paprika as we named it the dealer gave a great price on an XM. The BMW was a total loss and he was traveling at about 50 km.

Somewhere I read Renault owns some percentage of I think the Nissan Group.
Title: Re: De-Dollarisation.
Post by: Tom Cat on September 24, 2017, 12:43:21 PM
Putin Orders End To Trade In US Dollars At Russian Seaports

https://www.globalresearch.ca/putin-orders-end-to-trade-in-us-dollars-at-russian-seaports/5610248
Title: Re: De-Dollarisation.
Post by: msmoby on September 25, 2017, 01:22:01 AM
Putin Orders End To Trade In US Dollars At Russian Seaports

https://www.globalresearch.ca/putin-orders-end-to-trade-in-us-dollars-at-russian-seaports/5610248

Yet Dollars and Euros remain the currency of choice re under the bed money..


We are selling the Toyota Rav 4 and the buyer wants to buy in Dollars ....   

We are buying another apartment and the seller wants paid some 'under the table money' in Dollars...

Both were informed that this was Russia and we would deal electronically -in the national currency

This declaration is a bit of a joke given that the Rouble is not exactly an international trading currency - will surely promote business....NOT


Title: Re: De-Dollarisation.
Post by: andrewfi on September 25, 2017, 04:07:48 AM
While Russia is, officially, against the use of crypto currencies by its citizens those same citizens are pretty damn active in production, marketing and use of crypto. The government is seriously investigating the use of crypto and is likely to support crypto currency use in trade.

So what?

Well, the main benefit of a reserve currency is that it is liquid and able to be used as an intermediary currency between any other currency pairs in global trade.

Crypto currencies offer the same benefits and enable state owned and controlled currencies to be ditched.

I think that we are likely to see the use of state backed crypto currencies in the near future as a means to insulate against the current weaponization of the dollar. (read Trump's UN speech the other day to understand the import of this!)

On that note, it is interesting to see how countries such as Indonesia and Ukraine are saying that cryptocurrencies are not actually money while at the same time doing nothing to stop their use. Of course, states wish to retain the monopoly over money creation, it is central to their ability to maintain power over citizens but at the same time for producers of weak currencies crypto is a very handy tool to have available.

Bitcoin and others are, and will continue to be, tools of de dollarisation.
Title: Re: De-Dollarisation.
Post by: rosco on September 25, 2017, 06:46:17 AM
Putin Orders End To Trade In US Dollars At Russian Seaports

https://www.globalresearch.ca/putin-orders-end-to-trade-in-us-dollars-at-russian-seaports/5610248

Yet Dollars and Euros remain the currency of choice re under the bed money..


We are selling the Toyota Rav 4 and the buyer wants to buy in Dollars ....   

We are buying another apartment and the seller wants paid some 'under the table money' in Dollars...

Both were informed that this was Russia and we would deal electronically -in the national currency

This declaration is a bit of a joke given that the Rouble is not exactly an international trading currency - will surely promote business....NOT

I think you're getting a bit confused here Moby?

Tom Cat has posted about a government directive, you're talking about end consumers. Not the same thing.

The little man wants to deal in a stable currency because every penny counts, the government wants to increase the stability of the national currency which requires growth & increased useage.

Again you're being disruptive for the sake of it or perhaps I'm overestimating you.
Title: Re: De-Dollarisation.
Post by: andrewfi on September 25, 2017, 10:31:00 AM
What moby probably does not know is that it is illegal for transactions within Russia to be made in any currency other than the ruble.

All that is happening is that people who are making such transactions are being put on notice that they can no longer expect to do so.

There will be some side benefits accruing to the country but there is no reason to expect the state or government to put up with payments made in something other than rubles. This is, in part, I am sure, why the government does not want Russians buying and using cryptocurrencies. That noted, I am also sure that the Russian state would prefer to see people using Bitcoin or Ethereum in preference to dollars, especially given the trackability of crypto.
Title: Re: De-Dollarisation.
Post by: Contrarian on September 25, 2017, 11:39:12 AM
https://tacticalinvestor.com/dollar-destruction-liberal-agenda-marxifcation-of-america/
Title: Re: De-Dollarisation.
Post by: Contrarian on September 25, 2017, 11:42:50 AM
http://m.beforeitsnews.com/banksters/2013/08/hungary-tells-banksters-to-get-the-f-out-of-their-country-and-take-the-imf-with-you-videos-2433440.html
Title: Re: De-Dollarisation.
Post by: Poldark on September 27, 2017, 03:36:20 PM
Both were informed that this was Russia and we would deal electronically -in the national currency
Yes but it's Russia so you pay in $ or € anyway or at least that is what I have learned although I'm not buying a car, a house or anything else of value in Russia.
Title: Re: De-Dollarisation.
Post by: msmoby on August 17, 2018, 01:29:33 AM
Hmm

Always thought this 'de-dollarisation' was a pipe-dream ...  Seems like 'Trampu' is recruiting officer for BRICS !

Turkey could join ...
Title: Re: De-Dollarisation.
Post by: AvHdB on August 17, 2018, 12:22:36 PM
Hmm

Always thought this 'de-dollarisation' was a pipe-dream ...  Seems like 'Trampu' is recruiting officer for BRICS !

Turkey could join ...

 :laugh:

The Turkish currency is now stable and there is an 'attempt' at controlling the inflation. Albeit just announced. Leslie should be able to give better insight than others here.
Title: Re: De-Dollarisation.
Post by: Wiz on August 17, 2018, 03:26:35 PM
Just checked prices:

USG v Ruble gone up to 66.99

Euro v Ruble is stabilised at 76.63

£ v Ruble stabilised at  85.46

Turkish Lira stabilised and Ertogan is not worried about the American actions against his economy. His banks are clearing all money for oil Iran sales and I read that the American Incirlik Air Base. is moving to Greece.

A week ago the US Defence Minister has met with the Turkish FM and handed him a list of 17 foreign nationals held in Turkey to be released, between them 2 Greek officers that Turkey kidnapped on the NE frontiers and were in prison for 167 days, but the American Pastor held at house arrest for the past 2 years was not released. 

Ertogan appears to be very strong at the moment because the past 3 years he cleared all the Army leaders, who in the past were running the country and put them in prison, so the Americans don't have much access in the army.

There is a rumour on Turkish papers that Turkey is moving to Join the BRICS. Russia is building on the south of Turkey a large Atomic energy station, so Putin is also gaining as the South (Turkish) Stream pile line is in progress towards the European part of Turkey and through Greece to supply Italy and other EU countries with Gas.

That is the latest info ... i just read in the Greek papers.
Title: Re: De-Dollarisation.
Post by: msmoby on August 18, 2018, 01:59:15 AM
What moby probably does not know is that it is illegal for transactions within Russia to be made in any currency other than the ruble.

Andrewfi :  Please tell us why it isn't illegal to have a Paypal account registered in Russia and what currency it uses ? 

Rosco: IF you took the time to read, you'd GET that what the govt. is trying to do and what is actually happening on the ground - are two different things. Euros Dollars and Pounds are preferred currency for under the bed money

Title: Re: De-Dollarisation.
Post by: andrewfi on August 19, 2018, 09:32:03 AM
Somebody is bored today. moby, go do the learning for yourself. Pop down to the library and get a book.
Title: Re: De-Dollarisation.
Post by: msmoby on August 19, 2018, 01:58:56 PM
Somebody is bored today. moby, go do the learning for yourself. Pop down to the library and get a book.

Correction : You posted bollox ... 

As those of us with loved ones in Russia know - Paypal accounts are permitted and they are in .... USD    I know Russians who pay other Russians in USD and LEGALLY draw down to Rouble accounts and declare from whence the money originated

Why DO you feel to post crap about living in a nation you don't visit enough to know about ?


Title: Re: De-Dollarisation.
Post by: Markje on August 20, 2018, 01:02:33 AM
Somebody is bored today. moby, go do the learning for yourself. Pop down to the library and get a book.

Correction : You posted bollox ... 

As those of us with loved ones in Russia know - Paypal accounts are permitted and they are in .... USD    I know Russians who pay other Russians in USD and LEGALLY draw down to Rouble accounts and declare from whence the money originated

Why DO you feel to post crap about living in a nation you don't visit enough to know about ?

Why do you post crap you know nothing about. Paypal is not internal to russia. Hence the declaring & converting. Shheeesh grow up man
Title: Re: De-Dollarisation.
Post by: msmoby on August 20, 2018, 02:49:45 AM
Markje



I have seen money from a Russian paypal account ...with a Russian address sent BY a Russian to another Russian...living in Russia, with a Russian address and the money was withdrawn to a Russian bank account.


Please don't respond until you phoned a friend...
Title: Re: De-Dollarisation.
Post by: msmoby on August 20, 2018, 03:06:30 AM

Why do you post crap you know nothing about.

Markje, Do you have biz partners / friends in Russia?

Suggesting I 'know nothing', when I've set them up with Paypal accounts, SC and other friends - sending them monies - when they pay for / buy something for me because my UK banks cards do not work ...I send them money BEFOREHAND

Can you imagine?  One of said people transferred funds to his partners ( as in g/friend's account )

 They were booking places in the US last year on Airbnb and I sent them both a code to get discount ... but due to the the spat over expulsions their US Visa couldn't be processed - so they withdrew as the trip had to be cancelled

So ...  I sent him money - he send her money and she withdrew it - the latter two transactions being in USD within Russia and she withdrew her USD to her Russian bank in Roubles

Sheesh, isn't it better to ask  - before looking a fool

Now if you are lucky - a kind mod will 'protect' you from your silliness

Don't worry - I will find a way to prove to you and we'll see if you are polite enough to apologise  :chuckle:
Title: Re: De-Dollarisation.
Post by: andrewfi on August 20, 2018, 04:09:15 AM
Mark, let me tell a little story about a fictional bloke; let us call him 'moby'.

When moby was a little boy his mother used to tell him he was a very clever little boy. He was bright enough to be able to avoid the local comprehensive school and got into his local grammar school, a happy event that enabled him to avoid much of the bullying he suffered at the hands of his primary schoolmates.

Sadly, this was the first time he discovered that his mummy had not been telling the truth. Moby was not the brightest kid in the room - indeed not the brightest kid in pretty much any room he entered for the next 7 years.

As a result he never went to university but sought out a way of living that suited the indolence for which his doting mummy had trained him. He understood that although he was not as clever as his mummy had told him, he was still much smarter than many people around him and that insight has formed the basis of his life ever since.

So, we have moby, today, a man who is too lazy to bother to learn (or work) and much less smart than many of the people in many of the rooms he enters - and that burns him, still!

Title: Re: De-Dollarisation.
Post by: msmoby on August 20, 2018, 05:55:36 AM


So, we have moby, today, a man who is too lazy to bother to learn (or work) and much less smart than many of the people in many of the rooms he enters - and that burns him, still!





Not ONE part of dear andrew's musings was factually correct ... a lot like his knowledge of paypal accounts within Russia  :chuckle:

Mr perennially single - the expert in nothing - except wordy bollox with no basis in fact, strikes again

Title: Re: De-Dollarisation.
Post by: Markje on August 20, 2018, 01:07:21 PM
Markje



I have seen money from a Russian paypal account ...with a Russian address sent BY a Russian to another Russian...living in Russia, with a Russian address and the money was withdrawn to a Russian bank account.


Please don't respond until you phoned a friend...

My friend told me to ask you: where does paypal seat its banking license. ?
Title: Re: De-Dollarisation.
Post by: andrewfi on August 20, 2018, 01:33:32 PM
Moby, why do you burble on without taking the effort to learn anything? Too lazy or you prefer to try to dishonestly convince others?

It is illegal to pay directly for general transactions with dollars or euros.

IIRC section 11 of the document is the apposite place for the lazy to start reading.
https://www.bakermckenzie.com/-/media/files/insight/publications/2017/doingbusinessrussia/currency.pdf%3Fla%3Den&ved=2ahUKEwi6huHqrPzcAhXLpYsKHbmvBdUQFjACegQIABAB&usg=AOvVaw1B6QQ5RoT7puvSxi-9D8fb (https://www.bakermckenzie.com/-/media/files/insight/publications/2017/doingbusinessrussia/currency.pdf%3Fla%3Den&ved=2ahUKEwi6huHqrPzcAhXLpYsKHbmvBdUQFjACegQIABAB&usg=AOvVaw1B6QQ5RoT7puvSxi-9D8fb)

Moby, some of us just know stuff, it is part of our lives, education and training. Don't ever try to be the brightest bloke in the room, it is pretty likely that you won't be. Much better to understand, as most of us do, that we can always learn more. And yes, systems such as PayPal do have specific exemptions for certain types of transaction but it is possible that you either misunderstood what you say you saw or, as has happened before with you, you are making up a story to support your fictional position. I do not know enough about PayPal's Russian operations to be certain, however your track record does leave one with a degree of scepticism as to the veracity of your claims.
Title: Re: De-Dollarisation.
Post by: msmoby on August 20, 2018, 11:37:26 PM

My friend told me to ask you: where does paypal seat its banking license. ?

Ask your friend to tell me - I have no idea

In the meantime, you and andrewfi  forgot to explain how it is possible to own a RU based paypal account and exchange Dollars - then withdraw in Roubles

Unlike you guys - we KNOW what and how a RU paypal account can be used

FYI:  The 'anonymous payment limit' is 15,000 per transaction and a limit of 40,000 R / month.  If one exceeds this limit - one has to send paypal the source of funds and this is passed on to the Russian tax authorities


Suggest andrewfi - gets a friend who understands Russian to get a Russian IP and try to open a Paypal account ....  it might save him further embarrassment ..

It is SO obvious from what he posts that he has zip experience of using paypal within Russia

Title: Re: De-Dollarisation.
Post by: msmoby on August 20, 2018, 11:58:06 PM
In the meantime, 'Trampu's using the greenback to wage economic warfare on Turkey is having a knock on effect to the Rouble - according to the Moscow Times

Personally, I'd love to see a stronger Rouble - but ...

https://themoscowtimes.com/news/russias-ruble-is-sliding-pulled-down-by-the-collapse-of-the-turkish-lira-62521 (https://themoscowtimes.com/news/russias-ruble-is-sliding-pulled-down-by-the-collapse-of-the-turkish-lira-62521)

Russia's Ruble Is Sliding, Pulled Down by the Collapse of the Turkish Lira - the headline is a week old




Title: Re: De-Dollarisation.
Post by: Wiz on August 21, 2018, 01:48:23 AM
In the meantime, 'Trampu's using the greenback to wage economic warfare on Turkey is having a knock on effect to the Rouble - according to the Moscow Times

Personally, I'd love to see a stronger Rouble - but ...

https://themoscowtimes.com/news/russias-ruble-is-sliding-pulled-down-by-the-collapse-of-the-turkish-lira-62521 (https://themoscowtimes.com/news/russias-ruble-is-sliding-pulled-down-by-the-collapse-of-the-turkish-lira-62521)

Russia's Ruble Is Sliding, Pulled Down by the Collapse of the Turkish Lira - the headline is a week old

The  face of the writer of this article...... looks very familiar........and I wonder?

(https://themoscowtimes.com/static/uploads/publications/2018/5/24/e9ca12a32d544c7c82f6810e9430843a.jpe)

Is it possible to be somebody we know?


 ;D
Title: Re: De-Dollarisation.
Post by: msmoby on August 21, 2018, 02:04:31 AM

The  face of the writer of this article...... looks very familiar........and I wonder?

(https://themoscowtimes.com/static/uploads/publications/2018/5/24/e9ca12a32d544c7c82f6810e9430843a.jpe)

Is it possible to be somebody we know?


 ;D

So, your eye-sight is failing you, too, Wiz ?

Title: Re: De-Dollarisation.
Post by: andrewfi on August 21, 2018, 02:46:21 AM
Moby, you were using a very specific case to try to convince us that you were correct about an issue in which you were totally wrong. That's normal for you. I have linked you (and others) to relevant information showing quite clearly that it is illegal for Russians to carry out normal domestic transactions in any currency other than the rouble. As you now know, from the same document, there are exceptions, such as indirect transactions.

The blah, blah, blah you added about declaring transactions through Paypal is irrelevant, except to the degree it demonstrates the government's oversight over the payment system and its overarching purpose - taxation - which is, incidentally, one of the main reasons for restricting non-rouble transactions in Russia.

Try, please try to stop being dishonest, not everyone is gifted with my patience and willingness to help. Your lies, dissembling and general dishonesty could end up misleading people in important matters when they, for example, make a trip to Russia.

Moby, try being honest, start with yourself, but we will all benefit from a less mendacious moby. I bet that even your current target would prefer to have a partner upon whom she can rely and trust.
Title: Re: De-Dollarisation.
Post by: Wiz on August 21, 2018, 03:38:12 AM
A leopard can't change its spots

As we all know....

"A person cannot change who they are (their character),
no matter how hard they try."

(https://www.bloomsbury-international.com/images/idiom/a-leopard-cant-change-its-spots.jpg)

 :laugh: :laugh:  :laugh:
Title: Re: De-Dollarisation.
Post by: Markje on August 21, 2018, 03:39:58 AM

My friend told me to ask you: where does paypal seat its banking license. ?

Ask your friend to tell me - I have no idea

Obviously. Or you wouldnt attack Andrew with paypal as you do now. Paypal is a bank and using them your money always goes through luxembourgh. Hence non-internal to the russian federation. Even if both recipients are.

Quote
In the meantime, you and andrewfi  forgot to explain how it is possible to own a RU based paypal account and exchange Dollars - then withdraw in Roubles

Unlike you guys - we KNOW what and how a RU paypal account can be used

FYI:  The 'anonymous payment limit' is 15,000 per transaction and a limit of 40,000 R / month.  If one exceeds this limit - one has to send paypal the source of funds and this is passed on to the Russian tax authorities


Suggest andrewfi - gets a friend who understands Russian to get a Russian IP and try to open a Paypal account ....  it might save him further embarrassment ..

It is SO obvious from what he posts that he has zip experience of using paypal within Russia
all true and all irrelevant to andrews statements. See above
Title: Re: De-Dollarisation.
Post by: andrewfi on August 21, 2018, 04:01:49 AM
Moby, go for it matey, the honesty thing. Tell the boys and girls why you go on about PayPal and its minutiae when you do not understand the larger picture that makes your nitpicking irrelevant?

Are you trying to conceal the fact that you were, once again shown to be either ignorant or dishonest by distracting people's attention?

Moby, be honest with yourself and us. It would make your life better. Imagine how nice it would be if your favoured crotch inspector could ask if she looked nice in some clothes or other without having to post it publically for crowdsourced confirmation.
Title: Re: De-Dollarisation.
Post by: msmoby on August 21, 2018, 04:44:45 AM


Moby, try being honest,

andrewfi

Try to stop advising folks who KNOW and DO what you suggest is 'illegal '...  when it is quite common place, regulated and NOT illegal ...

Unlike you, I've seen PayPal's Ts and Cs in Russian, for Russia...  I did suggest you try...

All those years of you suggesting 'dishonesty' rather than dealing with your inability to understand that some of us live what you only theorise about ..

You'll excuse us ... far more important things to attend to than to read more bollox from you ...

(https://farm2.staticflickr.com/1853/30306594038_e66dc4f829_n.jpg)
Title: Re: De-Dollarisation.
Post by: msmoby on August 21, 2018, 04:51:58 AM


Paypal is a bank and using them your money always goes through luxembourgh. Hence non-internal to the russian federation. Even if both recipients are.

 :chuckle:

Your 'friend' failed you - naturally - I know A LOT - about how Paypal works, now

1/ Paypal in Russia are subject to the RFs laws - as would be CLEAR to you - if you bothered to do I I suggested and open an account as if in Russia...

2/ Paypal is NOT a bank .... believe me - I really DO know .. Please check

Title: Re: De-Dollarisation.
Post by: AvHdB on August 21, 2018, 06:46:54 AM
As a matter of principal I do not use PayPal. It represents the worst attributes of an American monopoly in my opinion.

Worth noting the European operations are based from Luxembourg the balance from the United States, Arizona. Though they have opened a branch in Singapore. From an American standpoint PayPal is not a bank. An early investor was E. Musk and the company was acquired by e.Bay long ago. Subsequently spun off by e.Bay. e.Bay has been the subject of a multitude of law suits, that they have lost, multiple times.
Title: Re: De-Dollarisation.
Post by: Texan77 on August 24, 2018, 08:43:17 AM
It isn't "anti-American" to point out the damage the US and the dollar have done to the world. Or why your economy needs continual war to stay afloat. Or to discuss why the world must de-dollarise (http://russia-insider.com/en/two-price-one-de-dollarise-and-reduce-american-hegemony/ri8678).

I'm sure Andrew can explain this better than me Cuffy, but my understanding is that China choosing to devalue their currency also brings down the dollar.

Also, as they don't borrow externally, and have so much less exposure as their own currency isn't yet as widely used abroad (which is rapidly changing), it doesn't really hurt them. It simply makes their exports more competitive.

A reduced oil price means the shale operations in the US go bankrupt. Which will hit the economy there, along with all those previously exported dollars coming home to roost.

Remember, China and Russia are de-dollarising. Add to that Iran. India, South Africa, Kazakhstan (http://en.tengrinews.kz/finance/National-Bank-of-Kazakhstan-readies-de-dollarization-plan-259353/) and today Kyrgyzstan (https://twitter.com/RussianEmbassy/status/631421175030247424). Heck, even Nigeria is de-dollarising (http://www.bloomberg.com/news/articles/2014-01-28/nigeria-central-bank-to-shift-reserves-into-yuan-from-dollars).

I'd vote Trump if I were you. Let a businessman run the country so you can once again make stuff and export it instead of just printing money, selling each other services and starting wars. If you did that, you wouldn't need to try to rule the world with the dollar and your continual wars. Try exporting something other than death and dollars.

Interesting old post. What happened when oil prices fell they stop drilling new wells in the shale and pumped the old ones until they were dry. These wells have a short life and usually pay the loans back quickly. If they were not making enough to pay the loans the bank repo the oil project and sold them to another operator who was financially strong enough to wait for prices to go up. It seem that most operators did not go broke as this seem to be more propaganda to try to undermined the USA economy. Since this post the USA economy has only improves beyond anything I would of believed.

We are trying to stop exporting dollars and the rest of the world seems to be complaining. With tariffs is in hopes to reduces USA imports would mean that if we import less that we would we would export less dollars. China has even complained that it is illegal for us to try to control our imports thus saying that is it illegal for us to stop exporting dollars and propping up their economy.

What it is you do not understand it is a conspiracy to kill our manufacturing and force us to export dollars then use propaganda to complain like this is our way to control the world when it is really a Chinese led plot to destroy the USA.

Trump expressed in interest in import tariffs on the EU and they did not seem to want to live without as many dollars neither. The UK seem so want to export to as also and they seem to want to be controlled by more dollars. Turkey complain that we were imposing a tariffs on their steel and some products as a punishment. This means they will get less dollars and be less controlled but the USA. They do not seem very happy about it. It seem no one want to stop being controlled by our dollars by stop getting more of them.

Title: Re: De-Dollarisation.
Post by: Wiz on August 25, 2018, 12:13:20 AM

The  face of the writer of this article...... looks very familiar........and I wonder?

(https://themoscowtimes.com/static/uploads/publications/2018/5/24/e9ca12a32d544c7c82f6810e9430843a.jpe)

Is it possible to be somebody we know?


 ;D

So, your eye-sight is failing you, too, Wiz ?

Poor Moby......

I am really feel sorry for you, you have no sense of humour what so ever, as a result of not been able to fly the kite, due to long spells of dry weather..... you have become like the Sahara dessert   ;D

Don't worry about my good health because all my life I have followed the training practices of the Marathon runners.  :biggrin:

I suggest you call your friend, the AA for help, when your car is broken down!  :ROFL:
Title: Re: De-Dollarisation.
Post by: Wiz on August 25, 2018, 12:21:37 AM
It isn't "anti-American" to point out the damage the US and the dollar have done to the world. Or why your economy needs continual war to stay afloat. Or to discuss why the world must de-dollarise (http://russia-insider.com/en/two-price-one-de-dollarise-and-reduce-american-hegemony/ri8678).

I'm sure Andrew can explain this better than me Cuffy, but my understanding is that China choosing to devalue their currency also brings down the dollar.

Also, as they don't borrow externally, and have so much less exposure as their own currency isn't yet as widely used abroad (which is rapidly changing), it doesn't really hurt them. It simply makes their exports more competitive.

A reduced oil price means the shale operations in the US go bankrupt. Which will hit the economy there, along with all those previously exported dollars coming home to roost.

Remember, China and Russia are de-dollarising. Add to that Iran. India, South Africa, Kazakhstan (http://en.tengrinews.kz/finance/National-Bank-of-Kazakhstan-readies-de-dollarization-plan-259353/) and today Kyrgyzstan (https://twitter.com/RussianEmbassy/status/631421175030247424). Heck, even Nigeria is de-dollarising (http://www.bloomberg.com/news/articles/2014-01-28/nigeria-central-bank-to-shift-reserves-into-yuan-from-dollars).

I'd vote Trump if I were you. Let a businessman run the country so you can once again make stuff and export it instead of just printing money, selling each other services and starting wars. If you did that, you wouldn't need to try to rule the world with the dollar and your continual wars. Try exporting something other than death and dollars.

Interesting old post. What happened when oil prices fell they stop drilling new wells in the shale and pumped the old ones until they were dry. These wells have a short life and usually pay the loans back quickly. If they were not making enough to pay the loans the bank repo the oil project and sold them to another operator who was financially strong enough to wait for prices to go up. It seem that most operators did not go broke as this seem to be more propaganda to try to undermined the USA economy. Since this post the USA economy has only improves beyond anything I would of believed.

We are trying to stop exporting dollars and the rest of the world seems to be complaining. With tariffs is in hopes to reduces USA imports would mean that if we import less that we would we would export less dollars. China has even complained that it is illegal for us to try to control our imports thus saying that is it illegal for us to stop exporting dollars and propping up their economy.

What it is you do not understand it is a conspiracy to kill our manufacturing and force us to export dollars then use propaganda to complain like this is our way to control the world when it is really a Chinese led plot to destroy the USA.

Trump expressed in interest in import tariffs on the EU and they did not seem to want to live without as many dollars neither. The UK seem so want to export to as also and they seem to want to be controlled by more dollars. Turkey complain that we were imposing a tariffs on their steel and some products as a punishment. This means they will get less dollars and be less controlled but the USA. They do not seem very happy about it. It seem no one want to stop being controlled by our dollars by stop getting more of them.

Andrew posted this link...https://journal-neo.org/2018/08/20/washington-s-silent-weapon-for-not-so-quiet-wars/

I suggest your read it and learn how the money system works.
 tiphat
Title: Re: De-Dollarisation.
Post by: msmoby on August 25, 2018, 12:30:45 AM


as a result of not been able to fly the kite, due to long spells of dry weather..... you have become like the Sahara dessert   

A reference to sex ( or 'lack of it'), again ? . ..   Yup - our SoHs are somewhat  different .. You seem to have a fascination to prove you follow events in my life.. viz:
 

I suggest you call your friend, the AA for help, when your car is broken down!  :ROFL:

1/ The AA don't operate in the 'TRNC'

2/ Where the HIRE car broke down - after a weekend with friends up in the Troodos Mountains ....  Amazing, how friendly Turkish Cypriots / Turkish people are... during my wait for a replacement car - many stopped to offer help...

Wiz, here's a clue.. I am not interested in your life.... or photos .. 





Title: Re: De-Dollarisation.
Post by: Markje on October 07, 2018, 08:09:49 AM
https://www.rt.com/business/440482-russia-dollar-economy-dependence/

in short:
- Ditch dollar in internal processes like loans
- Create an alternative to swift together with china and Europe.
- Make the Ruble also part of the 'basket' to balance world finances
Title: Re: De-Dollarisation.
Post by: cufflinks on October 11, 2018, 12:22:36 PM
I have a lifetime subscription to Jim Rickard's Strategic Intelligence service - Rickards as a former Financial War Games consultant to the US Govt (CIA etc) to prevent the financial collapse of the USA & Rockefeller/Rothschilds CFR-UK Crown Globalists Debt or indebtedness schemes to keep the Crown's serfs (USA being the lead Financial Serfs) subjugated and too busy paying for their indebted lives with rent-seeking interest payable to the Crown's financiers and rentiers - I found Rickards new Special Report Upsell video actually thought provoking - would not put Trump past a US Dollar "Reboot" to offset the Global Debt Bomb imploding before 2020 Presidential Reelection.

WARNING heavy Infomercial like video/presentation material...

I would post the latest Strategic Intel updates but in a very long Q&A Interview type format... tedious to read as in TLDR.

https://pro.agorafinancial.com/p/AWN_dollarreboot_0717/EAWNUA82/
Title: Re: De-Dollarisation.
Post by: Texan77 on October 11, 2018, 05:20:58 PM
I have a lifetime subscription to Jim Rickard's Strategic Intelligence service - Rickards as a former Financial War Games consultant to the US Govt (CIA etc) to prevent the financial collapse of the USA & Rockefeller/Rothschilds CFR-UK Crown Globalists Debt or indebtedness schemes to keep the Crown's serfs (USA being the lead Financial Serfs) subjugated and too busy paying for their indebted lives with rent-seeking interest payable to the Crown's financiers and rentiers - I found Rickards new Special Report Upsell video actually thought provoking - would not put Trump past a US Dollar "Reboot" to offset the Global Debt Bomb imploding before 2020 Presidential Reelection.

WARNING heavy Infomercial like video/presentation material...

I would post the latest Strategic Intel updates but in a very long Q&A Interview type format... tedious to read as in TLDR.

https://pro.agorafinancial.com/p/AWN_dollarreboot_0717/EAWNUA82/

What I think is likely to happen here is one more recession in the next year or two. When we come out of this recession we will see high interest rate world wide. Most of the countries will not be able to pay their debt without devaluing including the USA. In order to pay the debt there will be massive inflation after which will see some very large changes in the world as we know it now. Our Social security and Medicare programs will be inflated away. Countries will find it very hard and expensive to sell bonds. This is not just a USA problem. Jim Rickard  said in some of the stuff he came out with that a new global currency will be in IMF special drawing rights. I do not know if he still feels that way or not. I not sure the reset is going to be like that at all. Maybe just the money does not buy nearly as much.

World politics is becoming more radical. The left here in the USA is asking supporters to be come more violent. Right supporters can also get more violent.  This thing with Miss Ford and the supreme court is most likely something she just made up and supported by many democrats who know it is made up. There is a very large cover up to make it impossible to prove that this never happened. Now there are many women claiming made up charges against the Judge. During the next recession the country could become more destabilized  than most of us are used to.  If this is what it is like during the good times just think what will happen when it is not so good. 

Recession occur every eight to about 12 years. We are just due. WE now have oil going higher, Interest rates going higher, The federal reserve taking money out of the USA economy, Stock market extremely high, real estate prices going higher it is just waiting for something to go wrong anyplace in the world and it will not look so good.

Remember Jim Rickard is like all the other writers. He is not here to inform you he is in it for the money. The story lines are to make you believe you can not live without his service. It is pro Jim Rickard propaganda.
Title: Re: De-Dollarisation.
Post by: cufflinks on October 11, 2018, 08:53:47 PM
Another Report just came in even more dire than the Rickards Dollar Reset...

https://pro.moneymappress.com/p/MMRRECK5/EMMRUAJR/

Its only $5 as a teaser to their monthly Money Map Press Report which I may still have an active subscription to...

Key takeaways the coming debt bubble bursting this time $1.3T worth of Student Loans will collapse a global house of cards much more severe than 2008/09...

My company pays hundreds of thousands of dollars every year for up-to-the-second data from sources like Bloomberg, Thomson Reuters, and Statista.

We track millions of data points, market metrics, and indicators…

And we employ a full-time team of over 200 people to analyze all of it.

On most days, in most years, in most financial markets, this data is incredibly valuable in deciding where to invest your hard-earned money.

But this is not one of those days.

In fact, out of the millions of data points ranging from company earnings per share, to technical momentum indicators, to number of cars in store parking lots…

I’m only looking at one right now.

The strange indicator I mentioned earlier.

It’s called the Shiller CAPE Index.

It was pioneered by Robert Shiller, a Nobel Laureate and professor of economics at Yale. But you don’t need an Ivy League degree to understand it.

Simply put, the higher The CAPE Ratio is, the more the market is overvalued.
https://en.wikipedia.org/wiki/Cyclically_adjusted_price-to-earnings_ratio

A normal CAPE is around 16 and a great CAPE score could be as low as 4.

Which means that you pay $4 in stock for every $1 of earnings.

When the CAPE Ratio is high, it means that people are speculating on the markets, using credit and leverage to buy securities, and driving up the price past their realistic values.

Right now, the ratio is at 32.92 – nearly the highest it’s ever been in human history.

Which means for every $32 you spend to buy a stock in the markets, the company is only earning about $1.

That’s incredibly overvalued, and the stock market is more expensive now than it was before the Great Depression.

More expensive than it was before the crash of 1987.

And more expensive than it was right before the mortgage crisis of 2008.

It only gets worse from there...  Of course, the main reason why President Trump needs to do something drastic like the Dollar Reboot reset...
Title: Re: De-Dollarisation.
Post by: Texan77 on October 11, 2018, 11:59:43 PM
I do not believe Trump has the power to reset the dollar like you guys are talking about even if he is wanting to. There is a very good chance the USA economy will not hold up long enough for him to get reelected. He is complaining about the federal reserve rates going higher which will be one of the things that will likely bring on the next recession. Trump's policies are inflationary and the Federal reserve feels it is there job to control inflation and it never ends well when they do it. Mortgage rates in the US are now climbing to 5 per cents. This is not really high but it is too high for the current pricing of housing. If rates go higher from here it will crash the housing market. Sometime it takes a year or two before sellers get desperate that the prices really decline. Housing is usually lags the economy but sales are already getting slower.

There is a current market sell off over these signs. Now look where the real problems are. look at China.   

https://www.msn.com/en-us/money/markets/the-stock-markets-67000percent-superstar-is-now-a-huge-falling-knife/ar-BBOeuQQ?li=BBnbfcL&ocid=SK216DHP

In addition to this one stock, the Chinese Shanghai Stock Exchange Composite Index has broken down thru key support this week. This has been my key to look out below in the USA.  I think the next recession I feel would start in China. I believe it is a house of cards and Trump is blowing on it. Its market is way down from 2015 highs recovered from 2016 lows bounce back to now fall below the 2016 lows again.

https://www.bloomberg.com/quote/SHCOMP:IND

The magical growth of China is likely coming to an end. The Chinese think tariffs are bad wait until the next recession comes. It will make tariffs look like nothing. Export will drop like a rock and not jut here but world wide. 

Many of the people here think this is a USA problem and wishing for the end of our economy to come. I do not think our Europeans friends are going to be happy when the next recession come.
Title: Re: De-Dollarisation.
Post by: AvHdB on October 12, 2018, 08:22:17 AM
I suspect some are confusing short term trends to long term realities.
Title: Re: De-Dollarisation.
Post by: andrewfi on October 12, 2018, 09:13:45 AM
Texan, you are a few years behind the times. Chinese growth has slowed, the economy has been reconfiguring for domestic consumption. The majority of Chinese growth is now from the domestic economy. In addition the United States is much less important to China than it used to be for either imports or exports and the export economy is becoming focused upon the region. I know that I have pointed out all this stuff to you and others more than once so I won't bother finding links, they are all on the forum.

The process of moving away from dollar hegemony has been going on for many years. I was writing about it in the early 2000's. It is self evident that these changes will be disruptive but the major stakeholders have been working to minimise the issues. Of course, the most significant disruption will occur in the US economy, the very act of dedollarisation tends to reduce the disruptive effects upon non-dollar economies.

Right now, of course, Trump's policies of sanctions and other economic weaponisation of the dollar is increasing the rate of change. We do not know if this is purposeful or accidental.

The biggest fear of non-dollar economies is kinetic warfare initiated by the USA and the window in which this has any chance of success for the US is closing but the risk increases and the window closes.
Title: Re: De-Dollarisation.
Post by: cufflinks on October 13, 2018, 11:07:24 PM
Trump Holds Cards in Trade War...

“China is caught in its own debt trap with no way out except inflation or default”...
“Trump will keep up the pressure; he never backs off and always doubles down. It will be up to Xi to blink and acquiesce in many U.S. demands”...

The Chinese economy is trapped, with few good options...

China’s Economy Is Failing
By Jim Rickards

I’ve written for years that Chinese economic development is partly real and partly smoke and mirrors and that it’s critical for investors to separate one from the other to make any sense out of China and its impact on the world.

My longest piece on this topic was Chapter Four of my second book, The Death of Money(2014), but I’ve written much else besides, including many articles for my newsletters.

Trump is putting tariffs on Chinese goods. China is striking back with its own tariffs, but it turns out that China doesn’t buy enough from the U.S. to match Trump dollar for dollar. China’s alternative is to cheapen its currency.

China’s economy is slowing and the trade war doesn’t help. Whether it’s the trade war, the currency war or the war of words, China’s weakness is under a spotlight. Trump has correctly spotted China’s weaknesses and is using them as leverage to get better trade deals and less theft of intellectual property.

The mainstream media narrative about the U.S.-China trade war implies that Trump is on a highly damaging ego trip and China holds all the cards. The exact opposite is true.

Trump has ample financial warfare weapons including tariffs, penalties, bans on direct investment, improved cyber-security, forced divestiture and freezing of assets.

Meanwhile, China has almost no room to impose tariffs. China’s vulnerabilities run deeper than that.

There’s no denying China’s remarkable economic progress over the past thirty years. Hundreds of millions have escaped poverty and found useful employment in manufacturing or services in the major cities.

Infrastructure gains have been historic, including some of the best trains in the world, state-of-the-art transportation hubs, cutting-edge telecommunications systems, and a rapidly improving military.

Yet, that’s only half the story.

The other half is pure waste, fraud, and theft. About 45% of Chinese GDP is in the category of “investment.” A developed economy GDP such as the U.S. is about 70% consumption and 20% investment.

There’s nothing wrong with 45% investment in a fast-growing developing economy assuming the investment is highly productive and intelligently allocated.

That’s not the case in China. At least half of the investment there is pure waste. It takes the form of “ghost cities” that are fully-built with skyscrapers, apartments, hotels, clubs, and transportation networks – and are completely empty.

This is not just western propaganda; I’ve seen the ghost cities first hand and walked around the empty offices and hotels.

Chinese officials try to defend the ghost cities by claiming they are built for the future. That’s nonsense. Modern construction is impressive, but it’s also high maintenance. Those shiny new buildings require occupants, rents and continual maintenance to remain shiny and functional. The ghost cities will be obsolete long before they are ever occupied.

Other examples of investment waste include over-the-top white elephant public structures such as train stations with marble facades, 128 escalators (mostly empty), 100-foot ceilings, digital advertising, and few passengers. The list can be extended to include airports, canals, highways, and ports, some of which are needed and many of which are pure waste.

Communist party leaders endorse these wasteful projects because they have positive effects in terms of job creation, steel fabrication, glass installation, and construction. However, those effects are purely temporary until the project is completed. The costs are paid with borrowed money that can never be repaid.

China might report 6.8% growth in GDP, but when the waste is stripped out the actual growth is closer to 4.5%. Meanwhile, China’s debts grow faster than the economy and its debt-to-GDP ratio is even worse than the U.S.

All of this would be sustainable if China had an unlimited ability to roll over and expand its debt and ample reserves to deal with a banking or liquidity crisis. It doesn’t. China’s financial fragility was revealed during the 2014-2016 partial collapse of its capital account.

China had about $4 trillion in its capital account in early 2014. That amount had fallen to about $3 trillion by late 2016. Much of that collapse was due to capital flight for fear of Chinese devaluation, (which did occur in August 2015 and again in December 2015).

China’s $3 trillion of remaining reserves are not as impressive as it sounds. $1 trillion of that amount is invested in illiquid assets (hedge funds, private equity funds, direct investments, etc.)

This is real wealth, but it’s not available on short notice to defend the currency or prop up banks.

Another $1 trillion of Chinese reserves are needed as a precautionary fund to bail-out the Chinese banking system. Many observers are relaxed about the insolvency of Chinese banks because they are confident about China’s ability to rescue them.

They may be right about that, but it’s not free. China needs to keep $1 trillion of dry powder to save the banks, so that money’s off the table.

That leaves about $1 trillion of liquid reserves to defend the Chinese currency if so desired. At the height of the Chinese capital outflows in 2016, China was losing $80 billion per month of hard currency to defend the yuan.

At that tempo, China would have burned through $1 trillion in one year and become insolvent. China did the only feasible thing, which was to close the capital account; (interest rate hikes and further devaluation would have caused other more serious problems).

This distress might have been temporary if China had managed to maintain good trading relations with the U.S. But that proved another chimera. The trade war, which has broken out between the U.S. and China has damaged Chinese exports and raised costs on Chinese imports at exactly the time China was counting on a larger trade surplus to help it finance its mountain of debt.

Now trade is under threat and China is stuck with debt it can’t repay or rollover easily. This marks the end of China’s Cinderella growth story and the beginning of a period of economic slowdown and potential social unrest.

The coming Chinese crack-up is not just theoretical. The hard data supports the thesis. Here’s a real-time data summary from the Director of Floor Operations at the New York Stock Exchange, Steven “Sarge” Guilfoyle:

The greater threat to financial markets will come, in my opinion from the slowing of global growth, at least partially due to the current state of international trade. This thought process is lent some credence by last night’s rather disastrous across-the-board macroeconomic numbers released by China’s National Bureau of Statistics. … For the Month of July, in China – Fixed Asset Investment. Growth slowed to the slowest pace since this data was first recorded back in 1992, printing in decline for a fifth consecutive month. Industrial Production.

Missed expectations for a third consecutive month, while printing at a growth rate equaling the nation’s slowest since February of 2016. Retail Sales. Finally showing a dent in the armor, missed expectation while slowing from the prior month.

Unemployment. This item has only been recorded since January. Headline unemployment “popped” up to 5.1% from June’s 4.8%. Oil Production. The NBS reported that Chinese oil production fell 2.6% in July and now stands from a daily perspective at the lowest level since June of 2011.

China will not report Q3 GDP until October 15. The National Bureau of Statistics reported annualized growth of 6.7% for the second quarter. Depending on the veracity of the data, one must start to wonder if China can indeed hang on to growth of 6.5% going forward.

This unpleasant picture Sarge paints is based on official Chinese data. Yet, China has a long history of overstating its data and painting the tape. The reality in China is always worse than the official data reveals.

This slowdown comes just months after Chinese dictator Xi Jinping was offered a dictator-for-life role by the removal of term limits and was placed on the same pedestal as Mao Zedong by the creation of “Xi Jinping Thought” as a formal branch of Chinese Communist ideology.

The Book of Proverbs says, “Pride goeth before destruction, and a haughty spirit before a fall.”

Xi Jinping now finds himself in precisely this position. His political ascension inflated his pride just as he now faces the reality of a falling economy and possible destruction of any consensus around his power and the lack of accountability.

Trump continues to tighten the screws with more tariffs, more penalties, and a near complete shutdown of China’s ability to invest in U.S. markets.

Only Trump and Xi can salvage the situation with negotiation and reasonable compromise on trade and intellectual property. But, Trump won’t blink first; that’s up to Xi.

Since the Clintons, the USA is the only country that conspired against its own manufacturers to allow China to dump $500 Billion a year of their cheap junk in the USA causing the elimination of 70,000+ US-based manufacturers.  Is post-Brexit UK going to buy a lot of China junk sure but not $500 Billion worth. With the arrogant Chinese implanting back door spy chips in their motherboards it has already set off alarm bells among major hardware buyers in the USA and elsewhere - Google Bloomberg for the sordid details - which is not the most pro-Trump organization.  Trump wants the Intellectual Property theft to stop and this will be another nail in their crooked Red Freaking Communist Chinese commerce coffin.
Title: Re: De-Dollarisation.
Post by: cufflinks on October 13, 2018, 11:24:21 PM
VP Pence's Speech on Communist Red China:

THE VICE PRESIDENT: Thank you, Ken, for that kind introduction. To the Members of the Board of Trustees, to Dr. Michael Pillsbury, to our distinguished guests, and to all of you who, true to your mission in this place, “think about the future in unconventional ways” –- it is an honor to be back at the Hudson Institute.

For more than a half a century, this Institute has dedicated itself to “advancing global security, prosperity, and freedom.” And while Hudson’s hometowns have changed over the years, one thing has been constant: You have always advanced that vital truth, that American leadership lights the way.

And today, speaking of leadership, allow me to begin by bringing greetings from a great champion of American leadership at home and abroad –- I bring greetings from the 45th President of the United States of America, President Donald Trump. (Applause.)

From early in this administration, President Trump has made our relationship with China and President Xi a priority. On April 6th of last year, President Trump welcomed President Xi to Mar-a-Lago. On November 8th of last year, President Trump traveled to Beijing, where China’s leader welcomed him warmly.

Over the course of the past two years, our President has forged a strong personal relationship with the President of the People’s Republic of China, and they’ve worked closely on issues of common interest, most importantly the denuclearization of the Korean Peninsula.

But I come before you today because the American people deserve to know that, as we speak, Beijing is employing a whole-of-government approach, using political, economic, and military tools, as well as propaganda, to advance its influence and benefit its interests in the United States.

China is also applying this power in more proactive ways than ever before, to exert influence and interfere in the domestic policy and politics of this country.

Under President Trump’s leadership, the United States has taken decisive action to respond to China with American action, applying the principles and the policies long advocated in these halls.

In our National Security Strategy that the President Trump released last December, he described a new era of “great power competition.” Foreign nations have begun to, as we wrote, “reassert their influence regionally and globally,” and they are “contesting [America’s] geopolitical advantages and trying [in essence] to change the international order in their favor.”

In this strategy, President Trump made clear that the United States of America has adopted a new approach to China. We seek a relationship grounded in fairness, reciprocity, and respect for sovereignty, and we have taken strong and swift action to achieve that goal.

As the President said last year on his visit to China, in his words, “we have an opportunity to strengthen the relationship between our two countries and improve the lives of our citizens.” Our vision of the future is built on the best parts of our past, when America and China reached out to one another in a spirit of openness and friendship.

When our young nation went searching in the wake of the Revolutionary War for new markets for our exports, the Chinese people welcomed American traders laden with ginseng and fur.

When China suffered through indignities and exploitations during her so-called “Century of Humiliation,” America refused to join in, and advocated the “Open Door” policy, so that we could have freer trade with China, and preserve their sovereignty.

When American missionaries brought the good news to China’s shores, they were moved by the rich culture of an ancient and vibrant people. And not only did they spread their faith, but those same missionaries founded some of China’s first and finest universities.

When the Second World War arose, we stood together as allies in the fight against imperialism. And in that war’s aftermath, America ensured that China became a charter member of the United Nations, and a great shaper of the post-war world.

But soon after it took power in 1949, the Chinese Communist Party began to pursue authoritarian expansionism. It is remarkable to think that only five years after our nations had fought together, we fought each other in the mountains and valleys of the Korean Peninsula. My own father saw combat on that frontier of freedom.

But not even the brutal Korean War could diminish our mutual desire to restore the ties that for so long had bound our peoples together. China’s estrangement from the United States ended in 1972, and, soon after, we re-established diplomatic relations and began to open our economies to one another, and American universities began training a new generation of Chinese engineers, business leaders, scholars, and officials.

After the fall of the Soviet Union, we assumed that a free China was inevitable. Heady with optimism at the turn of the 21st Century, America agreed to give Beijing open access to our economy, and we brought China into the World Trade Organization.

Previous administrations made this choice in the hope that freedom in China would expand in all of its forms -– not just economically, but politically, with a newfound respect for classical liberal principles, private property, personal liberty, religious freedom — the entire family of human rights. But that hope has gone unfulfilled.

The dream of freedom remains distant for the Chinese people. And while Beijing still pays lip service to “reform and opening,” Deng Xiaoping’s famous policy now rings hollow.

Over the past 17 years, China’s GDP has grown nine-fold; it’s become the second-largest economy in the world. Much of this success was driven by American investment in China. And the Chinese Communist Party has also used an arsenal of policies inconsistent with free and fair trade, including tariffs, quotas, currency manipulation, forced technology transfer, intellectual property theft, and industrial subsidies that are handed out like candy to foreign investment. These policies have built Beijing’s manufacturing base, at the expense of its competitors -– especially the United States of America.

China’s actions have contributed to a trade deficit with the United States that last year ran to $375 billion –- nearly half of our global trade deficit. As President Trump said just this week, in his words, “We rebuilt China” over the last 25 years.

Now, through the “Made in China 2025” plan, the Communist Party has set its sights on controlling 90 percent of the world’s most advanced industries, including robotics, biotechnology, and artificial intelligence. To win the commanding heights of the 21st century economy, Beijing has directed its bureaucrats and businesses to obtain American intellectual property –- the foundation of our economic leadership -– by any means necessary.

Beijing now requires many American businesses to hand over their trade secrets as the cost of doing business in China. It also coordinates and sponsors the acquisition of American firms to gain ownership of their creations. Worst of all, Chinese security agencies have masterminded the wholesale theft of American technology –- including cutting-edge military blueprints. And using that stolen technology, the Chinese Communist Party is turning plowshares into swords on a massive scale.

China now spends as much on its military as the rest of Asia combined, and Beijing has prioritized capabilities to erode America’s military advantages on land, at sea, in the air, and in space. China wants nothing less than to push the United States of America from the Western Pacific and attempt to prevent us from coming to the aid of our allies. But they will fail.

Beijing is also using its power like never before. Chinese ships routinely patrol around the Senkaku Islands, which are administered by Japan. And while China’s leader stood in the Rose Garden at the White House in 2015 and said that his country had, and I quote, “no intention to militarize” the South China Sea, today, Beijing has deployed advanced anti-ship and anti-air missiles atop an archipelago of military bases constructed on artificial islands.

China’s aggression was on display this week, when a Chinese naval vessel came within 45 yards of the USS Decatur as it conducted freedom-of-navigation operations in the South China Sea, forcing our ship to quickly maneuver to avoid collision. Despite such reckless harassment, the United States Navy will continue to fly, sail, and operate wherever international law allows and our national interests demand. We will not be intimidated and we will not stand down. (Applause.)

America had hoped that economic liberalization would bring China into a greater partnership with us and with the world. Instead, China has chosen economic aggression, which has in turn emboldened its growing military.

Nor, as we had hoped, has Beijing moved toward greater freedom for its own people. For a time, Beijing inched toward greater liberty and respect for human rights. But in recent years, China has taken a sharp U-turn toward control and oppression of its own people.

Today, China has built an unparalleled surveillance state, and it’s growing more expansive and intrusive – often with the help of U.S. technology. What they call the “Great Firewall of China” likewise grows higher, drastically restricting the free flow of information to the Chinese people.

And by 2020, China’s rulers aim to implement an Orwellian system premised on controlling virtually every facet of human life — the so-called “Social Credit Score.” In the words of that program’s official blueprint, it will “allow the trustworthy to roam everywhere under heaven, while making it hard for the discredited to take a single step.”

And when it comes to religious freedom, a new wave of persecution is crashing down on Chinese Christians, Buddhists, and Muslims.

Last month, Beijing shut down one of China’s largest underground churches. Across the country, authorities are tearing down crosses, burning bibles, and imprisoning believers. And Beijing has now reached a deal with the Vatican that gives the avowedly atheist Communist Party a direct role in appointing Catholic bishops. For China’s Christians, these are desperate times.

Beijing is also cracking down on Buddhism. Over the past decade, more than 150 Tibetan Buddhist monks have lit themselves on fire to protest China’s repression of their beliefs and their culture. And in Xinjiang, the Communist Party has imprisoned as many as one million Muslim Uyghurs in government camps where they endure around-the-clock brainwashing. Survivors of the camps have described their experiences as a deliberate attempt by Beijing to strangle Uyghur culture and stamp out the Muslim faith.

As history attests though, a country that oppresses its own people rarely stops there. And Beijing also aims to extend its reach across the wider world. As Hudson’s own Dr. Michael Pillsbury has written, “China has opposed the actions and goals of the U.S. government. Indeed, China is building its own relationships with America’s allies and enemies that contradict any peaceful or productive intentions of Beijing.”

In fact, China uses so-called “debt diplomacy” to expand its influence. Today, that country is offering hundreds of billions of dollars in infrastructure loans to governments from Asia to Africa to Europe and even Latin America. Yet the terms of those loans are opaque at best, and the benefits invariably flow overwhelmingly to Beijing.

Just ask Sri Lanka, which took on massive debt to let Chinese state companies build a port of questionable commercial value. Two years ago, that country could no longer afford its payments, so Beijing pressured Sri Lanka to deliver the new port directly into Chinese hands. It may soon become a forward military base for China’s growing blue-water navy.

Within our own hemisphere, Beijing has extended a lifeline to the corrupt and incompetent Maduro regime in Venezuela that’s been oppressing its own people. They pledged $5 billion in questionable loans to be repaid with oil. China is also that country’s single largest creditor, saddling the Venezuelan people with more than $50 billion in debt, even as their democracy vanishes. Beijing is also impacting some nations’ politics by providing direct support to parties and candidates who promise to accommodate China’s strategic objectives.

And since last year alone, the Chinese Communist Party has convinced three Latin American nations to sever ties with Taipei and recognize Beijing. These actions threaten the stability of the Taiwan Strait, and the United States of America condemns these actions. And while our administration will continue to respect our One China Policy, as reflected in the three joint communiqués and the Taiwan Relations Act, America will always believe that Taiwan’s embrace of democracy shows a better path for all the Chinese people. (Applause.)

Now these are only a few of the ways that China has sought to advance its strategic interests across the world, with growing intensity and sophistication. Yet previous administrations all but ignored China’s actions. And in many cases, they abetted them. But those days are over.

Under President Trump’s leadership, the United States of America has been defending our interests with renewed American strength.

We’ve been making the strongest military in the history of the world stronger still. Earlier this year, President Trump signed into law the largest increase in our national defense since the days of Ronald Reagan -– $716 billion to extend the strength of the American military to every domain.

We’re modernizing our nuclear arsenal. We’re fielding and developing new cutting-edge fighters and bombers. We’re building a new generation of aircraft carriers and warships. We’re investing as never before in our armed forces. And this includes initiating the process to establish the United States Space Force to ensure our continued dominance in space, and we’ve taken action to authorize increased capability in the cyber world to build deterrence against our adversaries.

At President Trump’s direction, we’re also implementing tariffs on $250 billion in Chinese goods, with the highest tariffs specifically targeting the advanced industries that Beijing is trying to capture and control. And as the President has also made clear, we will levy even more tariffs, with the possibility of substantially more than doubling that number, unless a fair and reciprocal deal is made. (Applause.)

These actions — exercises in American strength — have had a major impact. China’s largest stock exchange fell by 25 percent in the first nine months of this year, in large part because our administration has been standing strong against Beijing’s trade practices.

As President Trump has made clear, we don’t want China’s markets to suffer. In fact, we want them to thrive. But the United States wants Beijing to pursue trade policies that are free, fair, and reciprocal. And we will continue to stand and demand that they do. (Applause.)

Sadly, China’s rulers, thus far, have refused to take that path. The American people deserve to know: In response to the strong stand that President Trump has taken, Beijing is pursuing a comprehensive and coordinated campaign to undermine support for the President, our agenda, and our nation’s most cherished ideals.

I want to tell you today what we know about China’s actions here at home — some of which we’ve gleaned from intelligence assessments, some of which are publicly available. But all of which are fact.

As I said before, as we speak, Beijing is employing a whole-of-government approach to advance its influence and benefit its interests. It’s employing this power in more proactive and coercive ways to interfere in the domestic policies of this country and to interfere in the politics of the United States.

The Chinese Communist Party is rewarding or coercing American businesses, movie studios, universities, think tanks, scholars, journalists, and local, state, and federal officials.

And worst of all, China has initiated an unprecedented effort to influence American public opinion, the 2018 elections, and the environment leading into the 2020 presidential elections. To put it bluntly, President Trump’s leadership is working; and China wants a different American President.

There can be no doubt: China is meddling in America’s democracy. As President Trump said just last week, we have, in his words, “found that China has been attempting to interfere in our upcoming [midterm] election.”

Our intelligence community says that “China is targeting U.S. state and local governments and officials to exploit any divisions between federal and local levels on policy. It’s using wedge issues, like trade tariffs, to advance Beijing’s political influence.”

In June, Beijing itself circulated a sensitive document, entitled “Propaganda and Censorship Notice.” It laid out its strategy. It stated that China must, in their words, “strike accurately and carefully, splitting apart different domestic groups” in the United States of America.

To that end, Beijing has mobilized covert actors, front groups, and propaganda outlets to shift Americans’ perception of Chinese policy. As a senior career member of our intelligence community told me just this week, what the Russians are doing pales in comparison to what China is doing across this country. And the American people deserve to know it.

Title: Re: De-Dollarisation.
Post by: cufflinks on October 13, 2018, 11:24:47 PM
Continued:

Senior Chinese officials have also tried to influence business leaders to encourage them to condemn our trade actions, leveraging their desire to maintain their operations in China. In one recent example, China threatened to deny a business license for a major U.S. corporation if they refused to speak out against our administration’s policies.

And when it comes to influencing the midterms, you need only look at Beijing’s tariffs in response to ours. The tariffs imposed by China to date specifically targeted industries and states that would play an important role in the 2018 election. By one estimate, more than 80 percent of U.S. counties targeted by China voted for President Trump and I in 2016; now China wants to turn these voters against our administration.

And China is also directly appealing to the American voters. Last week, the Chinese government paid to have a multipage supplement inserted into the Des Moines Register –- the paper of record of the home state of our Ambassador to China, and a pivotal state in 2018 and 2020. The supplement, designed to look like the news articles, cast our trade policies as reckless and harmful to Iowans.

Fortunately, Americans aren’t buying it. For example, American farmers are standing with this President and are seeing real results from the strong stands that he’s taken, including this week’s U.S.-Mexico-Canada Agreement, where we’ve substantially opened North American markets to U.S. products. The USMCA is a great win for American farmers and American manufacturers. (Applause.)

But China’s actions aren’t focused solely on influencing our policies and politics. Beijing is also taking steps to exploit its economic leverage, and the allure of their large marketplace, to advance its influence over American businesses.

Beijing now requires American joint ventures that operate in China to establish what they call “party organizations” within their company, giving the Communist Party a voice –- and perhaps a veto -– in hiring and investment decisions.

Chinese authorities have also threatened U.S. companies that depict Taiwan as a distinct geographic entity, or that stray from Chinese policy on Tibet. Beijing compelled Delta Airlines to publicly apologize for not calling Taiwan a “province of China” on its website. And it pressured Marriott to fire a U.S. employee who merely liked a tweet about Tibet.

And Beijing routinely demands that Hollywood portray China in a strictly positive light. It punishes studios and producers that don’t. Beijing’s censors are quick to edit or outlaw movies that criticize China, even in minor ways. For the movie, “World War Z,” they had to cut the script’s mention of a virus because it originated in China. The movie, “Red Dawn” was digitally edited to make the villains North Korean, not Chinese.

But beyond business and entertainment, the Chinese Communist Party is also spending billions of dollars on propaganda outlets in the United States and, frankly, around the world.

China Radio International now broadcasts Beijing-friendly programs on over 30 U.S. outlets, many in major American cities. The China Global Television Network reaches more than 75 million Americans, and it gets its marching orders directly from its Communist Party masters. As China’s top leader put it during a visit to the network’s headquarters, and I quote, “The media run by the Party and the government are propaganda fronts and must have the Party as their surname.”

It’s for those reasons and that reality that, last month, the Department of Justice ordered that network to register as a foreign agent.

The Communist Party has also threatened and detained the Chinese family members of American journalists who pry too deep. And it’s blocked the websites of U.S. media organizations and made it harder for our journalists to get visas. This happened after the New York Times published investigative reports about the wealth of some of China’s leaders.

But the media isn’t the only place where the Chinese Communist Party seeks to foster a culture of censorship. The same is true across academia.

I mean, look no further than the Chinese Students and Scholars Association, of which there are more than 150 branches across America’s campuses. These groups help organize social events for some of the more than 430,000 Chinese nationals studying in the United States. They also alert Chinese consulates and embassies when Chinese students, and American schools, stray from the Communist Party line.

At the University of Maryland, a Chinese student recently spoke at her graduation of what she called, and I quote, the “fresh air of free speech” in America. The Communist Party’s official newspaper swiftly chastised her. She became the victim of a firestorm of criticism on China’s tightly-controlled social media, and her family back home was harassed. As for the university itself, its exchange program with China — one of the nation’s most extensive — suddenly turned from a flood to a trickle.

China exerts academic pressure in other ways, as well. Beijing provides generous funding to universities, think tanks, and scholars, with the understanding that they will avoid ideas that the Communist Party finds dangerous or offensive. China experts in particular know that their visas will be delayed or denied if their research contradicts Beijing’s talking points.

And even scholars and groups who avoid Chinese funding are targeted by that country, as the Hudson Institute found out firsthand. After you offered to host a speaker Beijing didn’t like, your website suffered a major cyberattack, originating from Shanghai. The Hudson Institute knows better than most that the Chinese Communist Party is trying to undermine academic freedom and the freedom of speech in America today.

These and other actions, taken as a whole, constitute an intensifying effort to shift American public opinion and policy away from the “America First” leadership of President Donald Trump.

But our message to China’s rulers is this: This President will not back down. (Applause.) The American people will not be swayed. And we will continue to stand strong for our security and our economy, even as we hope for improved relations with Beijing.

Our administration is going to continue to act decisively to protect America’s interests, American jobs, and American security.

As we rebuild our military, we will continue to assert American interests across the Indo-Pacific.

As we respond to China’s trade practices, we will continue to demand an economic relationship with China that is free, fair, and reciprocal. We will demand that Beijing break down its trade barriers, fulfill its obligations, fully open its economy — just as we have opened ours.

We’ll continue to take action against Beijing until the theft of American intellectual property ends once and for all. And we will continue to stand strong until Beijing stops the predatory practice of forced technology transfer. We will protect the private property interests of American enterprise. (Applause.)

And to advance our vision of a free and open Indo-Pacific, we’re building new and stronger bonds with nations that share our values across the region, from India to Samoa. Our relationships will flow from a spirit of respect built on partnership, not domination.

We’re forging new trade deals on a bilateral basis, just as last week President Trump signed an improved trade deal with South Korea. And we will soon begin historic negotiations for a bilateral free-trade deal with Japan. (Applause.)

I’m also pleased to report that we’re streamlining international development and finance programs. We’ll be giving foreign nations a just and transparent alternative to China’s debt-trap diplomacy. In fact, this week, President Trump will sign the BUILD Act into law.

Next month, it will be my privilege to represent the United States in Singapore and Papua New Guinea, at ASEAN and APEC. There, we will unveil new measures and programs to support a free and open Indo-Pacific. And on behalf of the President, I will deliver the message that America’s commitment to the Indo-Pacific has never been stronger. (Applause.)

Closer to home, to protect our interests, we’ve recently strengthened CFIUS — the Committee on Foreign Investment — heightening our scrutiny of Chinese investment in America to protect our national security from Beijing’s predatory actions.

And when it comes to Beijing’s malign influence and interference in American politics and policy, we will continue to expose it, no matter the form it takes. We will work with leaders at every level of society to defend our national interests and most cherished ideals. The American people will play the decisive role — and, in fact, they already are.

As we gather here, a new consensus is rising across America. More business leaders are thinking beyond the next quarter, and thinking twice before diving into the Chinese market if it means turning over their intellectual property or abetting Beijing’s oppression. But more must follow suit. For example, Google should immediately end development of the “Dragonfly” app that will strengthen Communist Party censorship and compromise the privacy of Chinese customers. (Applause.)

It’s also great to see more journalists reporting the truth without fear or favor, digging deep to find where China is interfering in our society, and why. And we hope that American and global news organizations will continue to join this effort on an increasing basis.

More scholars are also speaking out forcefully and defending academic freedom, and more universities and think tanks are mustering the courage to turn away Beijing’s easy money, recognizing that every dollar comes with a corresponding demand. And we’re confident that their ranks will grow.

And across the nation, the American people are growing in vigilance, with a newfound appreciation for our administration’s actions and the President’s leadership to reset America’s economic and strategic relationship with China. Americans stand strong behind a President that’s putting America first.

And under President Trump’s leadership, I can assure you, America will stay the course. China should know that the American people and their elected officials in both parties are resolved.

As our National Security Strategy states: We should remember that “Competition does not always mean hostility,” nor does it have to. The President has made clear, we want a constructive relationship with Beijing where our prosperity and security grow together, not apart. While Beijing has been moving further away from this vision, China’s rulers can still change course and return to the spirit of reform and opening that characterize the beginning of this relationship decades ago. The American people want nothing more; and the Chinese people deserve nothing less.

The great Chinese storyteller Lu Xun often lamented that his country, and he wrote, “has either looked down at foreigners as brutes, or up to them as saints,” but never “as equals.” Today, America is reaching out our hand to China. And we hope that soon, Beijing will reach back with deeds, not words, and with renewed respect for America. But be assured: we will not relent until our relationship with China is grounded in fairness, reciprocity, and respect for our sovereignty. (Applause.)

There is an ancient Chinese proverb that reads, “Men see only the present, but heaven sees the future.” As we go forward, let us pursue a future of peace and prosperity with resolve and faith. Faith in President Trump’s leadership and vision, and the relationship that he has forged with China’s president. Faith in the enduring friendship between the American people and the Chinese people. And Faith that heaven sees the future — and by God’s grace, America and China will meet that future together.
Title: Re: De-Dollarisation.
Post by: Wiz on October 14, 2018, 03:20:05 AM
The last 2-3 posts by "Cuffinks" it's nothing more than sheer propaganda and he forgot to give us the Links, from where he copied these long articles! :evilgrin0002:
If I had done the same the whole board will up in arms.....  :o

Obviously the last article is old, probably couple of years ago...... judging from its writing!....

"And when it comes to influencing the midterms, you need only look at Beijing’s tariffs in response to ours. The tariffs imposed by China to date specifically targeted industries and states that would play an important role in the 2018 election. By one estimate, more than 80 percent of U.S. counties targeted by China voted for President Trump and I in 2016; now China wants to turn these voters against our administration."

I suggest for him to read a little of history.....

China: Rise, Fall and Re-Emergence as a Global Power

 :reading: ;D (https://www.globalresearch.ca/china-rise-fall-and-re-emergence-as-a-global-power-2/29644)
Title: Re: De-Dollarisation.
Post by: AvHdB on October 14, 2018, 05:04:17 AM
The last 2-3 posts by "Cuffinks" it's nothing more than sheer propaganda and he forgot to give us the Links, from where he copied these long articles! :evilgrin0002:
If I had done the same the whole board will up in arms.....  :o

Obviously the last article is old, probably couple of years ago...... judging from its writing!....

"And when it comes to influencing the midterms, you need only look at Beijing’s tariffs in response to ours. The tariffs imposed by China to date specifically targeted industries and states that would play an important role in the 2018 election. By one estimate, more than 80 percent of U.S. counties targeted by China voted for President Trump and I in 2016; now China wants to turn these voters against our administration."

I suggest for him to read a little of history.....

China: Rise, Fall and Re-Emergence as a Global Power
 (https://www.globalresearch.ca/china-rise-fall-and-re-emergence-as-a-global-power-2/29644)


Wiz, Normally when Cufflinks posts an entire article from another source he is rather careful about posting sources, unlike you. In fact Cuffy is quoting from an earlier article that he noted, yes he should have noted the source again. You play loose and fast with intellectual theft. One can recognize the syntax quite easily in different posters writing style.

But it is amazing how you will denegrate/dismiss those who do not share your racist hatred for anything Jewish or what sometimes you call a Zionist, often you will label that they are a troll or some one ignorant in your opinion. Yes Jewish interests have an (unfortunate) strong power grip on American politics. But there are far greater interests on the chess board ~ this you fail to see.   

Yes China wants to be a global player but like the United States, China has fatal internal flaws. The same can be said for the EU and Russia. So the international economy will move along slowly balancing and a more equal distribution of international use of funds and payments will slowly emerge.

But let me ask you this which World Power in the future would you like to see lead the world: America, China, the EU or Russia.* In other words would you like to see a Democracy/Republic, a dictatorship, a dysfunctional bunch of nitwits or a Economic Mafia be the future leaders of the world order? They all want to be in the game. Let me refresh your memory because you seem to have lost some, if it was not for assistance from America, a Democracy/Republic, during a couple wars you would not be speaking Greek or English today.

*List is alphabetical
Title: Re: De-Dollarisation.
Post by: Texan77 on October 14, 2018, 06:57:59 AM
This is my concern. You guys think USA leadership is bad just wait to see what happens when the world has no leadership. This will not all happen over night it will take a number of years. But the next recession appears to be ready to happen soon.

Russia by 2050 or so may turn out to be a power house. As global warm takes effect, deserts get much larger, and oil is no longer used, Russia maybe an important place where food is grown. The planet should be two degrees C warmer by then. It appears polar areas will see the most warming.

Oh By the way, The globalist have an immigration limiting plan. When the USA and Europe are poor enough, the immigrates will go home.
Title: Re: De-Dollarisation.
Post by: Wiz on October 14, 2018, 07:54:19 AM
The last 2-3 posts by "Cuffinks" it's nothing more than sheer propaganda and he forgot to give us the Links, from where he copied these long articles! :evilgrin0002:
If I had done the same the whole board will up in arms.....  :o

Obviously the last article is old, probably couple of years ago...... judging from its writing!....

"And when it comes to influencing the midterms, you need only look at Beijing’s tariffs in response to ours. The tariffs imposed by China to date specifically targeted industries and states that would play an important role in the 2018 election. By one estimate, more than 80 percent of U.S. counties targeted by China voted for President Trump and I in 2016; now China wants to turn these voters against our administration."

I suggest for him to read a little of history.....

China: Rise, Fall and Re-Emergence as a Global Power
 (https://www.globalresearch.ca/china-rise-fall-and-re-emergence-as-a-global-power-2/29644)


Wiz, Normally when Cufflinks posts an entire article from another source he is rather careful about posting sources, unlike you. In fact Cuffy is quoting from an earlier article that he noted, yes he should have noted the source again. You play loose and fast with intellectual theft. One can recognize the syntax quite easily in different posters writing style.

But it is amazing how you will denegrate/dismiss those who do not share your racist hatred for anything Jewish or what sometimes you call a Zionist, often you will label that they are a troll or some one ignorant in your opinion. Yes Jewish interests have an (unfortunate) strong power grip on American politics. But there are far greater interests on the chess board ~ this you fail to see.   

Yes China wants to be a global player but like the United States, China has fatal internal flaws. The same can be said for the EU and Russia. So the international economy will move along slowly balancing and a more equal distribution of international use of funds and payments will slowly emerge.

But let me ask you this which World Power in the future would you like to see lead the world: America, China, the EU or Russia.* In other words would you like to see a Democracy/Republic, a dictatorship, a dysfunctional bunch of nitwits or a Economic Mafia be the future leaders of the world order? They all want to be in the game. Let me refresh your memory because you seem to have lost some, if it was not for assistance from America, a Democracy/Republic, during a couple wars you would not be speaking Greek or English today.

*List is alphabetical

1) In your effort to defend Cufflinks mistake, at the same time finding the opportunity to pop a shot at me, you are a hideous Liar because despite your covering up, still admit his mistake. Your behaviour it’s not only despicable but also amazing that you have the guts to accuse me for intellectual theft, without any evidence. Of course that kind of behaviour is typical of your tripe and that is what I don’t like about you.

You definitely have not much to offer to any of our discussion over here apart from a couple of lines with indifferent text to cover your daily Trolling post count for your bosses in Haifa. You are just a sad ANONYMOUS internet non person, pretending to be married and you are NOBODY. My self and other serious posters, have the guts to show or have showed our Real faces and for that I have to respect Moby but not you!

2) I avoid talking or criticising the only official terrorist state in the world, Israhell, because ignorant and nut cases like you have the guts to call me falsely Anti-Semite and I have to correct their fraudulent expression. 

The Jewish interests have not only strong power grip on American politics, the  President and government, MSN but also are milking the USA like a Dutch Cow.


3) “Yes China wants to be a global player but like the United States, China has fatal internal flaws. The same can be said for the EU and Russia.”

So the only real democracy is the USA :ROFL: :ROFL: :ROFL:

China like it or not, it it’s a world power. In 2016 its population was 1.379 billion and the USA was only 319.million, EU 508 million and Russia only 144 million despite it’s the largest country of the world but then you only count a country as a superpower if they have atomic missiles…. Like the terrorist state of Israhell…. Do you include also N. Korea too?

4) None of these countries it’s a real Democracy and I don’t expect any one of them to become one. Best scenario is to live and trade peacefully but energy and other trading interests will always give reason for disputes. Take a look how China has invaded other countries, especially in Africa and both benefit!

As about American help to my country after the WWII sorry to disappoint you but the USA and the UK only supplied arms, planes etc to the fascist German collaborators during the occupation and helped them take, again, power and win the civil war. The British, actually Churchill instigated the civil War to impose the exiled King and when they run out of money the Americans took over, continued and my country ever since has been fcuked Royally and never recovered.

Long story but the wounds are still open and now Trump had 1 American Base in Crete/Greece and now….. the Fascist Tsipra Government agreed to let them have 6 new bases. It must be for our own good and not for the US to control and steal the energy findings in the sea surrounding Greece.

As they say in England... pull the other one!

 :coffeeread:


TEXAN

We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat
Title: Re: De-Dollarisation.
Post by: cufflinks on October 14, 2018, 08:52:03 AM
The last 2-3 posts by "Cuffinks" it's nothing more than sheer propaganda and he forgot to give us the Links, from where he copied these long articles! :evilgrin0002:
If I had done the same the whole board will up in arms.....  :o

Obviously the last article is old, probably couple of years ago...... judging from its writing!....

"And when it comes to influencing the midterms, you need only look at Beijing’s tariffs in response to ours. The tariffs imposed by China to date specifically targeted industries and states that would play an important role in the 2018 election. By one estimate, more than 80 percent of U.S. counties targeted by China voted for President Trump and I in 2016; now China wants to turn these voters against our administration."

I suggest for him to read a little of history.....

China: Rise, Fall and Re-Emergence as a Global Power

 :reading: ;D
 (https://www.globalresearch.ca/china-rise-fall-and-re-emergence-as-a-global-power-2/29644)

Interesting how those who have been raised on their Island Asylum with visions of past Imperial Empire Glory spew such open hatred and contempt for their once subjugated and oppressed colony which is now the beacon to all free-thinking innovators across the Globe including 450,000 current Communist Chinese University Students - an intentional invasion of knowledge transfer agents that is backfiring because most want to stay and enjoy what freedoms we have left including freedoms of thought, speech and large familes if they so desire... 

The MYTH of Mainland Red Communist Chinese omnipotence is just that a MYTH built on a clay foundation.  Wizzers knee-jerk intensely personal attacks and refusal to discuss any of the Salient facts in Jim Rickards report or more importantly Vice President Mike Pence's well researched and thought out speech about Communist Red China's true aims and ultimate goals is a neon flashing sign of an anti-intellect.   As for cut and paste Google is censoring info as fast as it can update its algo-bots so I shared the full text so that and intelligent discussion can take place.

Having worked in Warrington in 2004 I gained a love of the British way of life (Before the Islamo-Saharian Anglo-Saxon-Celtic-Nordic population replacement invasions) And I learned about the British Islanders need and desire for a Global perspective and replacement of the ancient political colonies with a modern Global Finance and Risk management empire that allows any sort of major infrastructure including advanced telecoms and interwebs developments to occur and without which their British Commonwealth of Nations would not be able to function in the Modern World...  I appreciate the UK Global perspective even if often wrapped up in the legendary British Air of Superiority as their perspective is not necessarily wrapped up in the USA Globalists media criteria and controlled agenda.

Anyone wants to engage on the substance of the facts please do - for those who want to intimidate, disparage and attack go take a Wiz and avatar off.

Wiz is so hostile, insular, ignorant and unwilling to engage on substance that it lowers the effective knowledge sharing efficacy of RUA.
Title: Re: De-Dollarisation.
Post by: BillyB on October 14, 2018, 07:25:24 PM

Thread's been going on for over 3 years. Anybody trust China and Russia more than America now by trading in dollars for Yuan and Rubles? Euro is a safer bet but after more nations leave the EU, I'm not sure the Euro will survive.
Title: Re: De-Dollarisation.
Post by: Texan77 on October 14, 2018, 11:06:31 PM


We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat

Wiz new flash, During the last 80 year the standard of living of the around world has increase like it has never done so before. Some of this increase is likely to be undone when the west falls. Why are you so hell bent on wanting so much death and destruction everywhere. I think maybe you need professional help.
 
Title: Re: De-Dollarisation.
Post by: msmoby on October 15, 2018, 08:58:46 AM

Thread's been going on for over 3 years. Anybody trust China and Russia more than America now by trading in dollars for Yuan and Rubles? Euro is a safer bet but after more nations leave the EU, I'm not sure the Euro will survive.

Dear Billy,

if you had invested in Euros since it's inception - would you be better off keeping you money in USD ?

You know the answer - despite all the issues there's been with EU nations defaulting

I'm not suggesting this is down to de-dollarisation - in fact I AM suggesting there are those who actively sought a fall in the USD's value



Title: Re: De-Dollarisation.
Post by: Wiz on October 16, 2018, 10:26:15 AM


We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat

Wiz new flash, During the last 80 year the standard of living of the around world has increase like it has never done so before. Some of this increase is likely to be undone when the west falls. Why are you so hell bent on wanting so much death and destruction everywhere. I think maybe you need professional help.
 

For the USA people and the large multinational companies yes it is true but try and tell the same comments to all those countries you invaded, pillaged and the million of innocent people you killed to impose your style of "Democracy".

 :'(
Title: Re: De-Dollarisation.
Post by: cufflinks on October 16, 2018, 11:55:24 AM
Quote
AvHdB Wrote:

Wiz, Normally when Cufflinks posts an entire article from another source he is rather careful about posting sources, unlike you. In fact Cuffy is quoting from an earlier article that he noted, yes he should have noted the source again.

FYI I subscribe to a number of premium newsletters including a Lifetime Subscription to Jim Rickards Strategic Intelligence as Jim is locked into both IBM and the DoD and intelligence communities for his Financial Warfare Offense and Defense skills so good to keep up on his predictions and sense of which way the Global political and financial markets winds are blowing - premium paid subscription newsletters only provide links to the newsletter articles behind quite expensive paywalls... LOL if the Wizzer had to click through one of those he would accuse me of being an affiliate marketing shill... reminds me...

I have another Greek Acquaintance with USA-Greek Dual Citizenship - his mom was Greek American his dad 100% Greek who was a marketing exec with a major global Tobacco Company and upon his passing left him a Fidelity account that had grown to over $400K USD and he finally softened his rabid Socialist Anarchists verbal Trump hating bomb-throwing upon becoming financially comfortable - Wiz could be one of his long lost Greek Socialist Anarchy Uncles only on the poor side of the family.



Title: Re: De-Dollarisation.
Post by: Wiz on October 16, 2018, 12:49:37 PM
Cuffinks

As we know nothing about you and your personal circumstances, in my view, you are nothing more than an anonymous person hiding behind an assumed name and nothing more.

You can claim whatever you like about yourself but still means nothing to us.

Some of us who have the balls and don't hide behind anonymity, have posted lots of information about our selves and our endeavour finding a woman of another nationality and culture and after many visits we go married to them.

When we joined these board most of us had the same aspirations but as the MOB gone out of fashion......we ended talking about politics and the US empire. Most of us do it out of habit.......others to fill a void in their life....... as about you, what shall we make out?  ........ fill the gap your self.

Personally I have been in the travel business for too many years to remember, now I am an old age pensioner and plenty of free time in my hands.

When I was in business, I managed to earn enough money to support their education and my two sons, both finished University.

The oldest managed to get a PhD in electronics/software and moved to California....... and the younger acquired two Master  Diploma's in Economics and Land management. Today he is married and is working in the CIty of London Banking system.

While running my own business... I learned a lot in investing money and many other things. I still like to keep an eye on the financial sector...... of the economy and mostly occupy my days with either cooking, looking after our garden or booking holidays for us to travel. My Russian wife studied in England, after she arrived here and get's out of the house for few days.....to earn her shopping pennies.

FYI I have learned in my life never to underestimate anybody who I don't know much about him/her and that is how I managed to survive.

Enough said and bear that in mind.

 tiphat

Title: Re: De-Dollarisation.
Post by: Contrarian on October 16, 2018, 04:23:33 PM


We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat

Wiz new flash, During the last 80 year the standard of living of the around world has increase like it has never done so before. Some of this increase is likely to be undone when the west falls. Why are you so hell bent on wanting so much death and destruction everywhere. I think maybe you need professional help.
 

For the USA people and the large multinational companies yes it is true but try and tell the same comments to all those countries you invaded, pillaged and the million of innocent people you killed to impose your style of "Democracy".

 :'(

Wiz you miserable SOB first of all start smoking again, the lack of nicotine is causing you more harm than good.

2nd of all get laid or get some meds for your anger issues, I suggest also taking large amounts of Magnesium with Calcium it works wonders to calm the mind. A good B vitamin complex is also good for nerves/ anger issues.

Now here’s a news flash, none of us Americans posting here can control US foreign policy, I’m not even sure if the President of the USA can control the rogue agents of the CIA; it’s a monster.

Stop venting your hatred of the US, we have zero influence here. Write some letters to the US President, to Sec of State Pompeo, etc.

Please come back and inform us, no doubt they will listen to you.  :ROFL:  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Contrarian on October 16, 2018, 04:28:35 PM


We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat

Wiz new flash, During the last 80 year the standard of living of the around world has increase like it has never done so before. Some of this increase is likely to be undone when the west falls. Why are you so hell bent on wanting so much death and destruction everywhere. I think maybe you need professional help.
 

Maybe?

 :ROFL:           :ROFL:              :ROFL:              :ROFL:           
Title: Re: De-Dollarisation.
Post by: Lord of the Dance on October 16, 2018, 04:30:40 PM
Now here’s a news flash, none of us Americans posting here can control US foreign policy, I’m not even sure if the President can control the rogue agents of the CIA, it’s a monster.

Stop venting your hatred of the US, we have zero influence here. Write some letters to the US President, to Sec of State Pompeo, etc.

 tiphat tiphat tiphat
Title: Re: De-Dollarisation.
Post by: Wiz on October 17, 2018, 01:56:24 AM


We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat

Wiz new flash, During the last 80 year the standard of living of the around world has increase like it has never done so before. Some of this increase is likely to be undone when the west falls. Why are you so hell bent on wanting so much death and destruction everywhere. I think maybe you need professional help.
 

For the USA people and the large multinational companies yes it is true but try and tell the same comments to all those countries you invaded, pillaged and the million of innocent people you killed to impose your style of "Democracy".

 :'(

Wiz you miserable SOB first of all start smoking again, the lack of nicotine is causing you more harm than good.

2nd of all get laid or get some meds for your anger issues, I suggest also taking large amounts of Magnesium with Calcium it works wonders to calm the mind. A good B vitamin complex is also good for nerves/ anger issues.

Now here’s a news flash, none of us Americans posting here can control US foreign policy, I’m not even sure if the President of the USA can control the rogue agents of the CIA; it’s a monster.

Stop venting your hatred of the US, we have zero influence here. Write some letters to the US President, to Sec of State Pompeo, etc.

Please come back and inform us, no doubt they will listen to you.  :ROFL:  :coffeeread:

The lack of nicotine it's not causing me any loss of memory or any harm as you point out but on the contrary has sharpen my memory and the problem is on your side, because you don't like me remind you and your co-patriots about all the charitable actions around the world by your Governments during the past 80 years.

I can assure you that all systems are in full working order on my old body and things improving daily from my mild cold.... and I have no intention following your advice to use any supplements.

I am sure you are missing the point, that I have made yesterday on another post. This board and other one's before were the places to visit to ask for advice, discuss and exchange ideas about our international adventure in finding a woman on another country, mostly in the FSU. For all us, the European old timers, it was obvious the different approach by the US members and the others from other parts of the world.

For the US members the views and attitude was similar to ordering a Pizza delivery where the European one's we were treating this adventure more seriously. The latest example on this board was/is the case of the "mad professor"!

Of course the Europeans had always an advantage due to the proximity to the FSU.

Well now we mostly talk American politics therefore be prepared to hear different points of views against the action of your own Government.

BTW I just read this morning that even Trump complaints against the Zionist FED and their games with the interests, so why I should not criticize what I don't like from the actions of your government ?

If the deep Zionist state who is running your country does not listen to your complaints, of course I don't expect they will listen to my criticism. 

:coffeeread:




 
 
Title: Re: De-Dollarisation.
Post by: Contrarian on October 17, 2018, 08:11:49 AM


We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat

Wiz new flash, During the last 80 year the standard of living of the around world has increase like it has never done so before. Some of this increase is likely to be undone when the west falls. Why are you so hell bent on wanting so much death and destruction everywhere. I think maybe you need professional help.
 

For the USA people and the large multinational companies yes it is true but try and tell the same comments to all those countries you invaded, pillaged and the million of innocent people you killed to impose your style of "Democracy".

 :'(

Wiz you miserable SOB first of all start smoking again, the lack of nicotine is causing you more harm than good.

2nd of all get laid or get some meds for your anger issues, I suggest also taking large amounts of Magnesium with Calcium it works wonders to calm the mind. A good B vitamin complex is also good for nerves/ anger issues.

Now here’s a news flash, none of us Americans posting here can control US foreign policy, I’m not even sure if the President of the USA can control the rogue agents of the CIA; it’s a monster.

Stop venting your hatred of the US, we have zero influence here. Write some letters to the US President, to Sec of State Pompeo, etc.

Please come back and inform us, no doubt they will listen to you.  :ROFL:  :coffeeread:

The lack of nicotine it's not causing me any loss of memory or any harm as you point out but on the contrary has sharpen my memory and the problem is on your side, because you don't like me remind you and your co-patriots about all the charitable actions around the world by your Governments during the past 80 years.

I can assure you that all systems are in full working order on my old body and things improving daily from my mild cold.... and I have no intention following your advice to use any supplements.

I am sure you are missing the point, that I have made yesterday on another post. This board and other one's before were the places to visit to ask for advice, discuss and exchange ideas about our international adventure in finding a woman on another country, mostly in the FSU. For all us, the European old timers, it was obvious the different approach by the US members and the others from other parts of the world.

For the US members the views and attitude was similar to ordering a Pizza delivery where the European one's we were treating this adventure more seriously. The latest example on this board was/is the case of the "mad professor"!

Of course the Europeans had always an advantage due to the proximity to the FSU.

Well now we mostly talk American politics therefore be prepared to hear different points of views against the action of your own Government.

BTW I just read this morning that even Trump complaints against the Zionist FED and their games with the interests, so why I should not criticize what I don't like from the actions of your government ?

If the deep Zionist state who is running your country does not listen to your complaints, of course I don't expect they will listen to my criticism. 

:coffeeread:

 tiphat

Yes I’m sure the European gentlemen have an advantage in trying to date and possibly marry those Eastern women. I’m happy to just look around locally.

Your last statement is key in regards to the rest of your post. Congress is really where there might have been a stand against such narrow and tyrannical interests but they’re all afraid of going against the status quo.
Title: Re: De-Dollarisation.
Post by: Wiz on October 18, 2018, 12:35:18 PM


We had 80 years of your wonderful Democratic leadership.

It helps to know what the countries you have invaded and destroyed think about you! try and read some foreign sites...... and learn.

Thanks you

 tiphat

Wiz new flash, During the last 80 year the standard of living of the around world has increase like it has never done so before. Some of this increase is likely to be undone when the west falls. Why are you so hell bent on wanting so much death and destruction everywhere. I think maybe you need professional help.
 

For the USA people and the large multinational companies yes it is true but try and tell the same comments to all those countries you invaded, pillaged and the million of innocent people you killed to impose your style of "Democracy".

 :'(

TEXAN and Cofedearte

Today I watched the program, WATCHING THE HAWKS,  on RT THATis that is produced in the US and I am sure you will not like what they published.

Take a look and hear the truth from American Journalists. about your country and its international policies.  If you still believe you are a Democratic country.... think again especially after the latest episode with the Saudi friends and their actions in Turkey!

All your Governments after WWII were Bloody hypocrites
international gangsters and murdere's.


U.S. Mercenaries


https://www.youtube.com/watch?v=UXMDalM1Hrk


and while you are on the job.... take a look at this too.

https://www.youtube.com/watch?v=Yw0-ASR4sr8

 >:(
Title: Re: De-Dollarisation.
Post by: Wiz on October 18, 2018, 01:51:37 PM
Texan and Confederate......... here is another video to educate yourselves. !

WHISTLEBLOWERS!
The Greater Israel Project

Explained by Ken O'Keefe


https://www.youtube.com/watch?v=LM2Fi1rhYqc

and read this too.....

The Samson Option: Israel's Nuclear Arsenal & American Foreign Policy
by Seymour Hersh

The Samson Option explodes one of the world's most closely guarded secrets—the secret of Israel's atomic arsenal. It relates, for the first time, the political, diplomatic, and military repercussions that have for decades been concealed from the world.

It is also about America's ability not to see what it does not want to see. All American presidents since John F. Kennedy have turned a blind eye toward Israel's growing nuclear capacity while paying lip service to the goal of nuclear nonproliferation.

In The Samson Option, Seymour M. Hersh, the Pulitzer Prize-winner who wrote the first account of the My Lai massacre in South Vietnam, reveals one of the classic clandestine operations of our time: Israel's spectacular underground nuclear facility in the Negev Desert, where its technicians and scientists began manufacturing nuclear warheads in the late 1960s. It describes the bitter infighting within the Israeli government over the bomb and its huge cost. It tells how the money for me nuclear program was raised abroad, and how the early technology was acquired with the aid of France. And it shows how and when Israel threatened to use its nuclear power.

The Samson Option reveals many startling events that played a secret and significant role in the history of our times from the early 1960s through the Gulf War:

•   How, in the late 1970s, Israel not only stole reconnaissance intelligence from our most secret of satellites, the KH-11, but used that data to help target the Soviet Union;

•   How Jonathan Pollard, the American spy now serving a life sentence in jail, was a key figure in Israel's nuclear program (and how some of Pollard's intelligence was turned over to the Soviet Union at the express direction of Yitzhak Shamir, the Israeli prime minister);

•   How Israel created a false control room at the nuclear reactor at Dimona to give U.S. inspectors the false impression that the facility was solely for research;

•   How the Eisenhower administration made a concerted last-ditch effort in December 1960 to force Israel to acknowledge its nuclear ambitions—and failed;

•   How Israel threatened Henry Kissinger and Richard Nixon with the use of nuclear weapons on the third day of the 1973 Yom Kippur War, successfully blackmailing the White House to airlift much needed supplies;

•   How South Africa cooperated with Israel to create a mysterious 1979 "flash" in the South Atlantic, actually a test of an Israeli-South African nuclear artillery shell;

•   How Israel used a top London newspaper editor to help catch Mordecai Vanunu, its nuclear traitor;

•   How a prominent American Jewish Democratic party fund-raiser also raised money for the Israeli bomb—and was able to intervene repeatedly at the White House; and

•   How the American intelligence community was finally able to learn what Israel was doing at Dimona—though it was understood that no one's career would be enhanced by providing such intelligence to the White House.

The Samson Option is ultimately a narrative of how the bomb influenced the diplomatic relations between Israel and America far more than was seen or understood by the press and the public. It shows that, in every sense, Israel was born a nuclear power. Since its founding, some of its leaders, including David Ben-Gurion and Ernst David Bergmann—the little-known scientist who was the father of the Israeli bomb—were determined that no future enemy would be able to carry out another Holocaust. Just as Samson brought down the temple and killed himself along with his enemies, so would Israel destroy those who sought its destruction.

The message of The Samson Option is stark: The next Middle East war might very well be nuclear.

https://archive.org/stream/Sampson_Option/Sampson_Option_djvu.txt

 tiphat


PS: Good night boys........see you tomorrow to see if you went to school and learn your history lesson.!  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Wiz on October 20, 2018, 03:34:28 AM
Dollar's Reserve Status Slumps to 5 Year Lows

(https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/the-US-dollar-crash_0.jpg?itok=GM8NIrof)

Treasury International Capital flows showed Brazil the biggest buyer of Treasurys in August (followed by Ireland and France), but it was China and 'ally' Japan that dumped the most Treasurys in the month...

Brazil is Steve Mnuchin's best friend...

(https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-10-16_13-06-04.jpg?itok=2C6QjmdU)

(https://russia-insider.com/sites/insider/files/styles/w726xauto/public/main/2018-Oct-19/150420113144-money-bomb-780x439.jpg?itok=zTGwhhRy)

As China reduced their holdings of US Treasurys for the 3rd straight month..

(https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-10-16_13-03-43.jpg?itok=LKidTfWM)

Japan flipped to a seller again in August back to the lowest holdings since October 2011...

(https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-10-16_13-05-14.jpg?itok=AblGu4jm)

Read the full article here: https://www.zerohedge.com/news/2018-10-16/china-japan-dump-treasuries-dollars-reserve-status-slumps-5-year-lows

 :coffeeread:
Title: Re: De-Dollarisation.
Post by: Markje on October 20, 2018, 04:44:28 AM
Venezuela has declared they no longer accept dollars on foreign trade with the V. government. Euro is the new magic word.
Title: Re: De-Dollarisation.
Post by: msmoby on October 20, 2018, 06:16:36 AM
Like THAT is going to help a regime that has screwed up big time
Title: Re: De-Dollarisation.
Post by: msmoby on October 20, 2018, 06:18:32 AM
Quoting from zeroclue.com  isn't going to change the fact that the biggest promoter of de-dollarisation is the wack-job in the White House
Title: Re: De-Dollarisation.
Post by: Contrarian on October 20, 2018, 09:08:21 AM
Quoting from zeroclue.com  isn't going to change the fact that the biggest promoter of de-dollarisation is the wack-job in the White House

Who would that be?
Title: Re: De-Dollarisation.
Post by: andrewfi on October 20, 2018, 10:49:59 AM
It is certainly true that the sanctions, treaty breaking, and threats, emanating from the White House and government are providing an enhanced stimulus to the rest of the world to set up systems that are less affected by those actions.

Strangely enough, I am coming to the opinion that this is conscious, but unable to be spoken about. In the longer term it is not a bad idea to move toward a multi polar world where the ability of the US to impose its will through monetary manipulation is significantly reduced. His stated goal of removing all tariffs is a sound one and he is succeeding in moving the world in that direction.

Removing the status of the US Dollar as preeminent reserve currency is better done sooner rather than later. The big concern must be the reaction of the US to these changes because there is very strong opposition to such a path.
Title: Re: De-Dollarisation.
Post by: Wiz on October 20, 2018, 11:00:42 AM
Like THAT is going to help a regime that has screwed up big time

Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!

 ;D
Title: Re: De-Dollarisation.
Post by: Wiz on October 20, 2018, 12:19:47 PM
Hungary Stuns, Announces 10-Fold Jump in Gold Reserves

(https://www.heraldscotland.com/resources/images/3796523.jpg?display=1&htype=0&type=responsive-gallery)

"In one of the most profound developments in the central bank gold market for a long time, the Hungarian National Bank, Hungary's central bank, has just announced a 10 fold jump in its monetary gold holdings. The central bank, known as Magyar Nemzeti Bank (MNB) in Hungarian, made the announcement in Budapest, Hungary's capital."

"As a result, in October 2018 the Bank's precious metal holdings were raised from the previous 3.10 tonnes to 31.5 tonnes, a tenfold increase."

"Gold is still considered to be one of the world's safest assets, whose characteristics can be attributed to gold's unique properties such as finite supply of physical gold, and lack of credit and counterparty risk given that gold is not a claim against a specific partner or country."

Read the full article here: https://www.zerohedge.com/news/2018-10-16/hungarian-central-bank-stuns-announces-10-fold-jump-gold-reserves
Title: Re: De-Dollarisation.
Post by: AvHdB on October 20, 2018, 12:30:55 PM
Like THAT is going to help a regime that has screwed up big time
Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!

Please Wiz, You are asking/expecting way to much of Moby.


Hungary Stuns, Announces 10-Fold Jump in Gold Reserves
Read the full article here: https://www.zerohedge.com/news/2018-10-16/hungarian-central-bank-stuns-announces-10-fold-jump-gold-reserves

An interesting article, what is odd is that the spot price of gold has changed little from the time that it approached $2,000 per ounce, and than crashed back down to around $ 1,250 per ounce.

Somewhere on RUA is a rather long thread regarding gold. Some one might want to BUMP it.
Title: Re: De-Dollarisation.
Post by: Wiz on October 20, 2018, 12:43:01 PM
Like THAT is going to help a regime that has screwed up big time
Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!

Please Wiz, You are asking/expecting way to much of Moby.

I don't think so, because he has exhibited on these boards his vast knowledge and experience on everything he is posting.  Therefore it's natural, ignorant people like myself, to ask his assistance in understanding such difficult international political matters.

Sorry but I don't think I ask or expect too much of him!

 tiphat

Hungary Stuns, Announces 10-Fold Jump in Gold Reserves
Read the full article here: https://www.zerohedge.com/news/2018-10-16/hungarian-central-bank-stuns-announces-10-fold-jump-gold-reserves

An interesting article, what is odd is that the spot price of gold has changed little from the time that it approached $2,000 per ounce, and than crashed back down to around $ 1,250 per ounce.

The US dollar would not be worth much today based on the demand for gold.

The people who decide the price of gold namely the Rothschild's, have been refusing  to push up gold prices in an effort to protect the US dollar. Simply ... if gold goes up, the dollar goes down.

For the past 5 years, the gold market has been moving between $1200 and $1300 per ounce to protect the FED greenback... and of course to protect “Rothschild’s” huge dollar fortune.

 tiphat
Title: Re: De-Dollarisation.
Post by: AvHdB on October 20, 2018, 03:04:34 PM
The US dollar would not be worth much today based on the demand for gold.

The people who decide the price of gold namely the Rothschild's, have been refusing  to push up gold prices in an effort to protect the US dollar. Simply ... if gold goes up, the dollar goes down.

For the past 5 years, the gold market has been moving between $1200 and $1300 per ounce to protect the FED greenback... and of course to protect “Rothschild’s” huge dollar fortune.

Just the facts and numbers.

Today an ounce of gold is worth about $ 1,230.- an ounce. The Dollar is trading today to the Euro at One dollar to .86 Euro cents.

At the height of the Gold prices an ounce of gold was in the end of August of 2011 was some $ 1,800.= and the value of the Dollar to the Euro was 71 cents.

Since than (2011) there were swings, but I doubt the Rothschilds control much of anything. It appears the US Dollar can hold its value. Bear in mind may nations will control and manipulate there currency for economic policy purposes. While I am not taking many factors into the accounting these are hard numbers and facts.
Title: Re: De-Dollarisation.
Post by: Wiz on October 20, 2018, 04:24:34 PM
The US dollar would not be worth much today based on the demand for gold.

The people who decide the price of gold namely the Rothschild's, have been refusing  to push up gold prices in an effort to protect the US dollar. Simply ... if gold goes up, the dollar goes down.

For the past 5 years, the gold market has been moving between $1200 and $1300 per ounce to protect the FED greenback... and of course to protect “Rothschild’s” huge dollar fortune.

Just the facts and numbers.

Today an ounce of gold is worth about $ 1,230.- an ounce. The Dollar is trading today to the Euro at One dollar to .86 Euro cents.

At the height of the Gold prices an ounce of gold was in the end of August of 2011 was some $ 1,800.= and the value of the Dollar to the Euro was 71 cents.

Since than (2011) there were swings, but I doubt the Rothschilds control much of anything. It appears the US Dollar can hold its value. Bear in mind may nations will control and manipulate there currency for economic policy purposes. While I am not taking many factors into the accounting these are hard numbers and facts.


I suggest you read about the London Gold Exchange, what happened there and why the Rothschilds closed down......when gold prices were at the highest level and in short time lost more than 30 % of its value.

Do you know anything about BIS and who is controlling it?

 :coffeeread:


Title: Re: De-Dollarisation.
Post by: Texan77 on October 20, 2018, 06:01:37 PM
The dollar is likely to rise short term. Now that is not a perdiction against euro or any other currency or even a prediction against gold.  We are likely to have a recession and assets will decline against the dollar. I will be able to buy more real estate, stocks and other investments in the future for the dollars I have than I can buy today. So I have saved dollars getting ready for this opportunity. In the 2020s it will be very different.  It will likely be a time of high inflation and the dollar will lose value and I will need to shift to assets and away from dollars. There is nothing for me to be afraid of or any reason for me to come out poorer in real terms.  If the nation were to go broke and the dollar to collapse completely holding assets will be the ticket to get to where the world currencies become stable again. I also hold some in precious metals but these may not be easy to sell and may not be good to have too much in them.

Title: Re: De-Dollarisation.
Post by: Texan77 on October 20, 2018, 06:06:15 PM
Wiz, What are you going to do when the EU collapses and the euro goes away. Likely to be much worse than what will happen in the USA?
Title: Re: De-Dollarisation.
Post by: Guile on October 20, 2018, 06:44:42 PM

Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!


must be all that flatulence or hot air coming out from him again  :ROFL:
Title: Re: De-Dollarisation.
Post by: Contrarian on October 20, 2018, 06:47:09 PM
Wiz, What are you going to do when the EU collapses and the euro goes away. Likely to be much worse than what will happen in the USA?

Wiz and Company will be eating garbanzo beans, if he’s lucky.  :chuckle:
Title: Re: De-Dollarisation.
Post by: msmoby on October 21, 2018, 01:12:05 AM


Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!



I'm sorry, Wiz - do you seriously believe Venezuela's economic mess is all down to 'outside interference'?
Title: Re: De-Dollarisation.
Post by: msmoby on October 21, 2018, 01:14:20 AM
Wiz, What are you going to do when the EU collapses and the euro goes away. Likely to be much worse than what will happen in the USA?

Tex ..despite the 'PIGS', Cyprus 'haircut' et al - which currency Euro or Dollar has increased in value v t'other since the Euro inception .... ?  tiphat



Title: Re: De-Dollarisation.
Post by: AvHdB on October 21, 2018, 01:59:50 AM
Wiz, What are you going to do when the EU collapses and the euro goes away. Likely to be much worse than what will happen in the USA?

Tex ..despite the 'PIGS', Cyprus 'haircut' et al - which currency Euro or Dollar has increased in value v t'other since the Euro inception .... ?  tiphat

Depends on your perspective as I recall the Euro was introduced close to parity with the Dollar now one Dollar gets you around .86 Euro cents. At one point the Dollar was trading at € 1,60.
Title: Re: De-Dollarisation.
Post by: Wiz on October 21, 2018, 02:26:32 AM
Wiz, What are you going to do when the EU collapses and the euro goes away. Likely to be much worse than what will happen in the USA?

I will continue living in the UK and use £ pounds..... and when I will need to travel to any other European country..... I am sure I will get a good rate for my currency!

As about Greece, don't worry..... the Greeks are already used dealing with many foreign currencies....... My wife can tell you how everytime we go to Greece, she pays with Left over Rubles from her last trip to see mama!  ;D

BTW before the current PM T. May invoked the article 50 of the EU for the Brexit, the price of your dollar was roughly £1 = over $1.55 cents..... Now is $1.30 average. and I can assure you that it's down to oil prices and currency speculation........ and that is why Putin is keeping quiet and smiling!

Do you know which are the Top 2 financial centres in the world?

Just to help you "The City of London", NOT THE UK - (don't mix them up), is one of them........???

What are you going to do, when the dollar collapse because many more countries will stop buying USA Government Bonds......... and you will have to use your currency for toilet paper?

How are you going to pay your 20 = Trillion debt deficit........ or you will simply tell the rest of the world F Off?

Title: Re: De-Dollarisation.
Post by: Wiz on October 21, 2018, 02:51:24 AM
Wiz, What are you going to do when the EU collapses and the euro goes away. Likely to be much worse than what will happen in the USA?

Wiz and Company will be eating garbanzo beans, if he’s lucky.  :chuckle:

I suggest you read your history for the past 100-150 years and see who paid for the British Empire taxes ......and still pay via the FED even today?

Or to be more blunt, if the USA is so great Empire why do you need the Special Relationship with the UK?

Little hint: Start counting the number of years that the British Empire has survived.....and still goes on!

Ask Canada to tell you their secret!

 tiphat

Title: Re: De-Dollarisation.
Post by: msmoby on October 21, 2018, 03:03:47 AM

Depends on your perspective as I recall the Euro was introduced close to parity with the Dollar now one Dollar gets you around .86 Euro cents. At one point the Dollar was trading at € 1,60. [/font][/size]

No 'perception' ... from inception to today the Euro is stronger ..   despite all it's trials and tribulations - although a weak dollar may be planned ?
Title: Re: De-Dollarisation.
Post by: msmoby on October 21, 2018, 03:09:28 AM




Little hint: Start counting the number of years that the British Empire has survived.....and still goes on!





Wiz, it is clear that you are trolling ...as other than some Brexit loons most - sensible- Brits realise the Empire has long gone .... on this I'm in complete accord with VVP.

Whilst some nations retain the Queen as Head of State - it is a TRADITION rather than some admission to be subjugated by the UK ... THAT would be a speedier route to cries for a Republic status in 'Oz and Canada

Title: Re: De-Dollarisation.
Post by: Wiz on October 21, 2018, 03:09:38 AM

Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!


I'm sorry, Wiz - do you seriously believe Venezuela's economic mess is all down to 'outside interference'?

Nice try, old trick answering with a question to my comments, copycut of a Russian woman's reply .... "What about you?".

Clearly you are not able to answer my front loaded question.....with  evidence.... to justify any possible comments of yours.

Pull the other one as they say ........tough! :P :P :P

Clearly you are incapable  to offer or make any serious comments therefore you are talking out of your backside.

 :fighting0025:
Title: Re: De-Dollarisation.
Post by: msmoby on October 21, 2018, 04:30:11 AM

Nice try, old trick answering with a question to my comments, copycut of a Russian woman's reply .... "What about you?".

Clearly you are not able to answer my front loaded question.....with  evidence.... to justify any possible comments of yours.

Pull the other one as they say ........tough! :P :P :P

Clearly you are incapable  to offer or make any serious comments therefore you are talking out of your backside.

 :fighting0025:

Wiz, you  have gained yet another bad habit - writing lot's of pointless and misleading words - but at least they are your own - when they are - it is clear you are out of your depth ....

My 'question' was in ANSWER to your howler - YOU used said nation as an 'example' ..

Try answering the question as it demonstrates how daft you were to use Venezuela as an example  :chuckle:

Title: Re: De-Dollarisation.
Post by: AvHdB on October 21, 2018, 07:37:33 AM

Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!


I'm sorry, Wiz - do you seriously believe Venezuela's economic mess is all down to 'outside interference'?

Nice try, old trick answering with a question to my comments, copycut of a Russian woman's reply .... "What about you?".

Clearly you are not able to answer my front loaded question.....with  evidence.... to justify any possible comments of yours.

Pull the other one as they say ........tough!

Clearly you are incapable  to offer or make any serious comments therefore you are talking out of your backside.

The current state of the Venezuela economy is almost entirely due to the governments own actions. First with Chavez and now Maduro. The avarice pf Maduro's wife is an attempt to top some of the most blatant attempts of stealing that former Soviet Union ogliarchs have done. But it is more fundemental than one greedy person.

In North America it is called a Banana Republic, and Central and South America has a long and proud tradition with this form of governance.

Spoiler Alert: Wiz will come along and blame the CIA and some Zionist actions, but it is a mantra of Wiz that like Greece it is always foreign actors and not personal responsibility.
Title: Re: De-Dollarisation.
Post by: Wiz on October 21, 2018, 09:01:49 AM

Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!


I'm sorry, Wiz - do you seriously believe Venezuela's economic mess is all down to 'outside interference'?

Nice try, old trick answering with a question to my comments, copycut of a Russian woman's reply .... "What about you?".

Clearly you are not able to answer my front loaded question.....with  evidence.... to justify any possible comments of yours.

Pull the other one as they say ........tough!

Clearly you are incapable  to offer or make any serious comments therefore you are talking out of your backside.

The current state of the Venezuela economy is almost entirely due to the governments own actions. First with Chavez and now Maduro. The avarice pf Maduro's wife is an attempt to top some of the most blatant attempts of stealing that former Soviet Union ogliarchs have done. But it is more fundemental than one greedy person.

In North America it is called a Banana Republic, and Central and South America has a long and proud tradition with this form of governance.

Spoiler Alert: Wiz will come along and blame the CIA and some Zionist actions, but it is a mantra of Wiz that like Greece it is always foreign actors and not personal responsibility.


I answered to Moby but as your happen to be on Trolling duties earning your keep from Zionist Haifa..... I will answer to your lies as follows:

Visit this link: https://www.globalresearch.ca/search?q=US+Intervention+in+Venezuela&x=8&y=11
and search for: US Intervention in Venezuela
Then start reading and tell us which article is full of lies?

https://www.globalresearch.ca/selected-articles-us-intervention-in-venezuela/5657179

https://www.globalresearch.ca/why-is-the-cbc-lying-about-venezuela-trudeau-government-favors-us-intervention/5657040

https://www.globalresearch.ca/money-and-intervention-in-venezuela-wikileaks-us-embassy-requests-funding-for-anti-chavez-groups/25444

https://www.globalresearch.ca/un-chief-warns-over-us-military-intervention-in-venezuela/5604536

When you finish reading the very long list of articles about Venezuela and American intervention.... come and talk to us again, otherwise stop interfering into our discussions.

I am bored to answer to your Zionist Trolling..... and pack of lies you spread around.

 :dh:


 >:(
Title: Re: De-Dollarisation.
Post by: Texan77 on October 21, 2018, 10:11:36 AM
Wiz what all this does not take into account. The Russian and the Chinese have tried to form relationship with Venezuela and neither country was able to help much. Venezuela has exported all kinds of mayhem all over the Caribbean and central America.  So I am sure the US is doing everything it can to cause the government there trouble.  This Venezuelan president has brought about social programs that the country can not afford. Then printed a lot of money to pay for them. Then he has pissed off the USA. If there was anything in Venezuela that was anything short of being a complete basket case the Chinese or the Russians would gone there. If for no other reason just to piss the USA off.

If the USA is able to keep Venezuela broke it will cause less problems. Thankfully their government is helping us with this task more than we could of imagination.
Title: Re: De-Dollarisation.
Post by: Contrarian on October 21, 2018, 10:30:28 AM

Can you please expand and substantiate your comments otherwise we will have to accept that you are talking out of your backside!


I'm sorry, Wiz - do you seriously believe Venezuela's economic mess is all down to 'outside interference'?

Nice try, old trick answering with a question to my comments, copycut of a Russian woman's reply .... "What about you?".

Clearly you are not able to answer my front loaded question.....with  evidence.... to justify any possible comments of yours.

Pull the other one as they say ........tough!

Clearly you are incapable  to offer or make any serious comments therefore you are talking out of your backside.

The current state of the Venezuela economy is almost entirely due to the governments own actions. First with Chavez and now Maduro. The avarice pf Maduro's wife is an attempt to top some of the most blatant attempts of stealing that former Soviet Union ogliarchs have done. But it is more fundemental than one greedy person.

In North America it is called a Banana Republic, and Central and South America has a long and proud tradition with this form of governance.

Spoiler Alert: Wiz will come along and blame the CIA and some Zionist actions, but it is a mantra of Wiz that like Greece it is always foreign actors and not personal responsibility.


Banana Republics are traditionally more fascist, Maduro is 100% a communist. If Venezuela was being run by fascists they’d be better off.

Other than that you’re right, it boils down to sheer stupidity and a lack of personal responsibility.

Communism is the worst of the worst, it destroys every economy it ever touches and rewards liars and thieves.

Wiz get yourself to a specialist who can check for dementia.  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Wiz on October 21, 2018, 12:00:01 PM
Texan and Confederate.....

I find tiring trying to point to US people, various facts but they are brainwashed from their governments and unable to think and examine the facts, on their own.

It's pretty obvious you all have been brainwashed  that Capitalism is the best system.... and God bless America and that as far as your brain function goes and that is a great Democracy. Shame but you are living in an asylum institution/system and you can't see any further from your nose. Sorry I can't help you!

The Zionist controled Mass media and the banking system.... have done an excellent job on you! Good luck and enjoy your ignorance.

Confederate, I told you before.... get out of the house, smell around the air and find a woman to keep you happy.

PS: Sorry boys I have no intention wasting my time and talking to a brick wall, more likely to a cement one!

I like watching documentaries and it's frightening watching some about life in your wonderful rich country.

I rather be an old age pensioner living in the UK or even Greece for that matter.

https://www.youtube.com/watch?v=_N4u-NkmeIw

 tiphat




 
Title: Re: De-Dollarisation.
Post by: msmoby on October 21, 2018, 02:07:33 PM
Translation for Wiz:

I have no intention of realising I posted daft and will quote globalmisinfo,com and obfuscate rather than admit my howler over Venezuela

Title: Re: De-Dollarisation.
Post by: BillyB on October 21, 2018, 05:52:12 PM

How are you going to pay your 20 = Trillion debt deficit........ or you will simply tell the rest of the world F Off?


America has controlling shares of the World Bank and IMF(International Monetary Fund). Why? Because we have the most money to loan to other nations. Every nation has debt and USA is owed more than any other nation. We owe somebody and a lot of somebodies owe us.

What are you going to do, when the dollar collapse because many more countries will stop buying USA Government Bonds......... and you will have to use your currency for toilet paper?


Nations such as China buy bonds for their benefit, not America's.

Title: Re: De-Dollarisation.
Post by: Guile on October 21, 2018, 06:02:29 PM


Banana Republics are traditionally more fascist,


actually, Banana Republic makes a pretty good polo shirt and cashmere knit sweater!  ;D  sorry couldn't resist, I like that store haha
Title: Re: De-Dollarisation.
Post by: AvHdB on October 21, 2018, 06:13:46 PM


Banana Republics are traditionally more fascist,


actually, Banana Republic makes a pretty good polo shirt and cashmere knit sweater!  ;D  sorry couldn't resist, I like that store haha

 :ROFL:   tiphat   True Enough!
Title: Re: De-Dollarisation.
Post by: Contrarian on October 21, 2018, 06:36:12 PM


Banana Republics are traditionally more fascist,


actually, Banana Republic makes a pretty good polo shirt and cashmere knit sweater!  ;D  sorry couldn't resist, I like that store haha

 :ROFL: tiphat

Funny guy, I like that store too!
Title: Re: De-Dollarisation.
Post by: Guile on October 21, 2018, 08:01:44 PM

realising I posted daft



there you finally said the truth for once! btw, "daft" and "howler" must be your 2 favourite words.  Get a deep whiff of that cowpie and inhale that sucker.
Title: Re: De-Dollarisation.
Post by: AvHdB on October 21, 2018, 08:23:15 PM

realising I posted daft



there you finally said the truth for once! btw, "daft" and "howler" must be your 2 favourite words.  Get a deep whiff of that cowpie and inhale that sucker.

Sorry but this is wishful thinking. Moby is translating the words of Wiz as he sees fit. One must be careful Moby admitting he is wrong is as likely as the Queen saying she use's the toilet/potty.

In the years that Moby has been posting I can not recall him admitting he was wrong.
Title: Re: De-Dollarisation.
Post by: Texan77 on October 21, 2018, 09:15:56 PM
Texan and Confederate.....

I find tiring trying to point to US people, various facts but they are brainwashed from their governments and unable to think and examine the facts, on their own.

It's pretty obvious you all have been brainwashed  that Capitalism is the best system.... and God bless America and that as far as your brain function goes and that is a great Democracy. Shame but you are living in an asylum institution/system and you can't see any further from your nose. Sorry I can't help you!

The Zionist controled Mass media and the banking system.... have done an excellent job on you! Good luck and enjoy your ignorance.

Confederate, I told you before.... get out of the house, smell around the air and find a woman to keep you happy.

PS: Sorry boys I have no intention wasting my time and talking to a brick wall, more likely to a cement one!

I like watching documentaries and it's frightening watching some about life in your wonderful rich country.

I rather be an old age pensioner living in the UK or even Greece for that matter.

https://www.youtube.com/watch?v=_N4u-NkmeIw

 tiphat

Wiz, What does the homeless problem in the USA have to do with de-dollarization? Why should any of us care which country you want to live in? Your not watching documentaries, your watching disinformation central.  Which Zionist media out let are you talking about that we are watching? Gee this Youtube thing you have here must be part of that Zionist system because it is in the USA. Everything in the USA is controlled by the Zionist which you hate so much. Maybe RUA is a Zionist organization because I am in the USA and I read it? Maybe instead of reading so much negative stuff about the USA you would find you would be a happier person if you read something positive sometimes.

It makes me happy to hear you do not want to live in the USA. See I have read something positive on RUA today and I am now happier because of it.

   
Title: Re: De-Dollarisation.
Post by: Guile on October 21, 2018, 09:40:38 PM

In the years that Moby has been posting I can not recall him admitting he was wrong.[/font][/size]

yeah I got that he was trying to translate Wiz's words. But he still lies alot.

Moby got caught when he tried to say that he could speak conversational Russian to his old lady "4 times a day" if I recall correctly.
Yet I posted a video of him saying "I speak only a LITTLE Russian"..

Moby reminds me of that daft fool Piers Morgan.  Dude is always saying stupid stuff to draw attention to himself. 
Title: Re: De-Dollarisation.
Post by: Guile on October 21, 2018, 09:44:13 PM

I rather be an old age pensioner living in the UK or even Greece for that matter.


Wiz you have never lived in the USA have you?    I lived in London and that is about the only place worth mentioning in the UK.  The Greek islands are cool, love Greek food.  but Athens man, is a dirty run down place. 
Title: Re: De-Dollarisation.
Post by: Wiz on October 22, 2018, 12:43:46 AM
Translation for Wiz:

I have no intention of realising I posted daft and will quote globalmisinfo,com and obfuscate rather than admit my howler over Venezuela

As usual you are talking out of your backside......and be careful when in Cyprus. The Turks like "Arkadan" and that Friendly Turk has taken a fancy on your ass.....after he discovered you are firing blanks! 

Covering your self by showing off your old ornament will not save your ass .... he will definitely make a good souvlaki of you .....

:-*
Title: Re: De-Dollarisation.
Post by: msmoby on October 22, 2018, 12:50:10 AM


In the years that Moby has been posting I can not recall him admitting he was wrong.

Manny's current - if slightly out of context - edited signature - quoting an apology of mine -proves you ain't that observant  :chuckle:

Title: Re: De-Dollarisation.( or Wiz' and Stinng123' Moby love-in )
Post by: msmoby on October 22, 2018, 01:18:21 AM


Moby got caught when he tried to say that he could speak conversational Russian to his old lady "4 times a day" if I recall correctly.
Yet I posted a video of him saying "I speak only a LITTLE Russian"..



As ever, the stalking fibber is easy to bust

1/ I can understand - pretty well - conversational Russian - example watching the news, listen to my biz partners discussing in Russian - before it is translated for me

2/ I put 'Russian' in inverted commas .. How the 'eck I've managed to buy and sell cars and deal with warranty issues in  Russia ( example)

I probably understood Russian before you stopped soiling your nappies ( diapers[?])



and be careful when in Cyprus. The Turks like "Arkadan" and that Friendly Turk has taken a fancy on your ass.....after he discovered you are firing blanks!   

Wiz, there is no need to prove you suffer from dementia..   Off to get a Russian- based in the UK - a Visa for Cyprus ..We'll be sure to visit the Turkish controlled part of Cyrus and return unharmed


Covering your self by showing off your old ornament will not save your ass .... he will definitely make a good souvlaki of you .....

:-*

I believe you mean şiş - the Turkish word for Σουβλάκι ... 

Speaking of asses, the Cypriots describe Greeks like you you, perfectly ..

πουshτοκαλαμαράες, "faggot penpushers".


Now, you two saddos ..the thread is about de-dollarisation




Title: Re: De-Dollarisation.
Post by: Wiz on October 22, 2018, 01:39:04 AM

How are you going to pay your 20 = Trillion debt deficit........ or you will simply tell the rest of the world F Off?


America has controlling shares of the World Bank and IMF(International Monetary Fund). Why? Because we have the most money to loan to other nations. Every nation has debt and USA is owed more than any other nation. We owe somebody and a lot of somebodies owe us.

What are you going to do, when the dollar collapse because many more countries will stop buying USA Government Bonds......... and you will have to use your currency for toilet paper?


Nations such as China buy bonds for their benefit, not America's.

Billy

After President Nixon cancelled to the Bretton Woods accord and the Gold support of the Dollar..... your dollar became a toilet paper, but .......

Read and learn: https://en.wikipedia.org/wiki/Bretton_Woods_system

.... A currency like the dollar, when is not supported by Gold or other valuable means of stability, then get the value from the acceptance in the transaction between USA and other country.

Example: USA wants to trade with China, print Dollars for it, China  accepts the US Dollars and in return gives the USA some of it's products. These products of course add value to the Dollar. China Buys USA government Bonds which are guaranteed by physical USA  assets. Basically as long as trading partners accept dollars for the transaction your Dollar gets value.

(Andrew can probably explain to you in better simpler language this matter. Sorry I am in hurry to go out in 20 min)

Lately Russia has unloaded $100 billion the last 3 months and also China $ 80 Billion......etc. The main support for the Dollar is Saudi Arabia and its Petrodollars........ (Now you know why Trump is playing stupid regarding the Murder of the Saudi reporter in Turkey.)

As about the USA controlling shares of the World Bank and IMF(International Monetary Fund), I read somewhere that USA has not paid it's share for the past 3 years and Russia offered to pay and take over your controlling share.......but you refused. Check it!

As it is obvious all BRIC countries and also some other... slowly the offload Dollars, so what it would happen one day, when your dollar has not any value?

Today the Value it's hight because the FED and Rothchilds manipulate the markets.....

Sorry must go out.........for now :(
Title: Re: De-Dollarisation.
Post by: msmoby on October 22, 2018, 01:50:26 AM
Wiz, where DO you get the idea anyone could help you with such bollox ?



Lately Russia has unloaded $100 billion the last 3 months and also China $ 80 Billion......etc. The main support for the Dollar is Saudi Arabia and its Petrodollars........ (Now you know why Trump is playing stupid regarding the Murder of the Saudi reporter in Turkey.)

So, you missed that Republican Senators are clamouring for S.Arabia to be sanctioned ..'Trampu' swings like the wind and will no doubt say he mistakenly used the wrong word and was 'misunderstood' ..

Today the Value it's hight because the FED and Rothchilds manipulate the markets.....


Ah, the 'Fed' - they should be be bankrupt - given your 'factoids' and 'predictions'  over the years - none of which have come to fruition ...

As for the de Rothchild family - who seriously believes one dynasty can influence as much power as Wiz would have us believe ?  :popcorn:

Title: Re: De-Dollarisation.
Post by: rosco on October 22, 2018, 04:25:52 AM
I lived in London and that is about the only place worth mentioning in the UK.

Mentioning in what context?  ???
Title: Re: De-Dollarisation.
Post by: Wiz on October 22, 2018, 04:28:05 AM

I rather be an old age pensioner living in the UK or even Greece for that matter.


Wiz you have never lived in the USA have you?    I lived in London and that is about the only place worth mentioning in the UK.  The Greek islands are cool, love Greek food.  but Athens man, is a dirty run down place.

I have visited in the past the US, Florida (10 + times), NY, Los Angeles and I have never been impressed anywhere apart from the old town in Miami and the silly Isles.

For your information London or Athens are not the whole UK or Greece, respectively.

I live in the south of England, in SURREY, one of the most beautiful and civilised places in the UK, short drive to the Sea resorts and hardly visit London. Gatwick is only 20 minutes, Heathrow 40 mins  away and from there I can fly easily every where in the world.

Greece has 4000 islands and many beautiful places to Live if I choose to go there but I prefer to visit various places.......all over Europe and especially at hot places and back to my base.

Next April on the 21st we are flying to one of the most beautiful Greek islands, Corfu for the Greek Easter and we have planned a very interesting itinerary for 12 days, including the NW of Greece and maybe Albania.

Hope my reply satisfy your curiosity.

 tiphat



Title: Re: De-Dollarisation.
Post by: Wiz on October 22, 2018, 04:35:27 AM

realising I posted daft



there you finally said the truth for once! btw, "daft" and "howler" must be your 2 favourite words.  Get a deep whiff of that cowpie and inhale that sucker.

Sorry but this is wishful thinking. Moby is translating the words of Wiz as he sees fit. One must be careful Moby admitting he is wrong is as likely as the Queen saying she use's the toilet/potty.

In the years that Moby has been posting I can not recall him admitting he was wrong.

Moby description to a T!

 :ROFL:
Title: Re: De-Dollarisation.
Post by: Wiz on October 22, 2018, 04:40:38 AM
Texan and Confederate.....

I find tiring trying to point to US people, various facts but they are brainwashed from their governments and unable to think and examine the facts, on their own.

It's pretty obvious you all have been brainwashed  that Capitalism is the best system.... and God bless America and that as far as your brain function goes and that is a great Democracy. Shame but you are living in an asylum institution/system and you can't see any further from your nose. Sorry I can't help you!

The Zionist controled Mass media and the banking system.... have done an excellent job on you! Good luck and enjoy your ignorance.

Confederate, I told you before.... get out of the house, smell around the air and find a woman to keep you happy.

PS: Sorry boys I have no intention wasting my time and talking to a brick wall, more likely to a cement one!

I like watching documentaries and it's frightening watching some about life in your wonderful rich country.

I rather be an old age pensioner living in the UK or even Greece for that matter.

https://www.youtube.com/watch?v=_N4u-NkmeIw

 tiphat

Wiz, What does the homeless problem in the USA have to do with de-dollarization? Why should any of us care which country you want to live in? Your not watching documentaries, your watching disinformation central.  Which Zionist media out let are you talking about that we are watching? Gee this Youtube thing you have here must be part of that Zionist system because it is in the USA. Everything in the USA is controlled by the Zionist which you hate so much. Maybe RUA is a Zionist organization because I am in the USA and I read it? Maybe instead of reading so much negative stuff about the USA you would find you would be a happier person if you read something positive sometimes.

It makes me happy to hear you do not want to live in the USA. See I have read something positive on RUA today and I am now happier because of it.

No point talking to somebody who can't read and understand my posts. You just proved my comments about talking to a Brick wall.

Glad that you are happy I have no intention living in the USA!

 :snivel:
Title: Re: De-Dollarisation.
Post by: Wiz on October 22, 2018, 05:24:45 AM
Wiz, where DO you get the idea anyone could help you with such bollox ?



Lately Russia has unloaded $100 billion the last 3 months and also China $ 80 Billion......etc. The main support for the Dollar is Saudi Arabia and its Petrodollars........ (Now you know why Trump is playing stupid regarding the Murder of the Saudi reporter in Turkey.)

So, you missed that Republican Senators are clamouring for S.Arabia to be sanctioned ..'Trampu' swings like the wind and will no doubt say he mistakenly used the wrong word and was 'misunderstood' ..

Today the Value it's hight because the FED and Rothchilds manipulate the markets.....


Ah, the 'Fed' - they should be be bankrupt - given your 'factoids' and 'predictions'  over the years - none of which have come to fruition ...

As for the de Rothchild family - who seriously believes one dynasty can influence as much power as Wiz would have us believe ?  :popcorn:

Saudi Arabia's Role in the Rothschild Mafia Syndicate

https://www.youtube.com/watch?v=9HB8Gvy84iM

I only suggested the help of well educated people, like Andrew and not the opinion of idiots, like you, who started trolling on this thread and at the end you accuse me for derailing the post. >:(

Actually I was replying to Billy when you started derailing the post......but had an appointment to go so by the time I came back, this thread it's all over the place because of you.

As about your comments:
Quote
I believe you mean şiş - the Turkish word for Σουβλάκι ... 

Speaking of asses, the Cypriots describe Greeks like you you, perfectly ..

πουshτοκαλαμαράες, "faggot penpushers".

Does Brighton town reminds you of any English Speciality?

Sorry I forgot that most of those people have moved and live in Cheltenham now......... Is there where it's your temp abode now, near to HQ or you are back up North, with you doggy?

Any how the TC chap will be happy to make you a Σουβλάκι, if he meets you in Kyrenia.

 :ROFL:
Title: Re: De-Dollarisation.
Post by: Guile on October 22, 2018, 06:49:47 AM

As ever, the stalking fibber is easy to bust

1/ I can understand - pretty well - conversational Russian - example watching the news, listen to my biz partners discussing in Russian - before it is translated for me

2/ I put 'Russian' in inverted commas .. How the 'eck I've managed to buy and sell cars and deal with warranty issues in  Russia ( example)

I probably understood Russian before you stopped soiling your nappies ( diapers[?])


stop lying, your Russian is atrocious. you don't even know the difference between voda and vodka.. :ROFL: :laugh:

soiling nappies?  so that puts you at over 60 years old.  You didn't go to Russia 3 decades ago you wankstar.

btw get rid of the Elton John glasses, they make you look like a proper dork. You'd fit right in at the Soho bars though, fancy that.
Title: Re: De-Dollarisation.
Post by: Guile on October 22, 2018, 07:06:07 AM

Mentioning in what context?  ???

In terms of tourists visiting the UK most go through London.

https://en.wikipedia.org/wiki/Tourism_in_England

London has close to 20x the visitors comparied to the 2nd city Manchester.

 
Title: Re: De-Dollarisation.
Post by: msmoby on October 22, 2018, 07:41:12 AM
[ I lived in London and that is about the only place worth mentioning in the UK.


There you go again,  you haven't been to the rest of the UK - apart from Dover and  suggesting outside of London isn't worth seeing  :ROFL:
Title: Re: De-Dollarisation.
Post by: rosco on October 22, 2018, 07:54:42 AM

Mentioning in what context?  ???

In terms of tourists visiting the UK most go through London.

https://en.wikipedia.org/wiki/Tourism_in_England

London has close to 20x the visitors comparied to the 2nd city Manchester.

That doesn't make it the best place to visit, by any means.
Title: Re: De-Dollarisation.
Post by: AvHdB on October 22, 2018, 08:28:47 AM

Mentioning in what context?  ???

In terms of tourists visiting the UK most go through London.

https://en.wikipedia.org/wiki/Tourism_in_England

London has close to 20x the visitors comparied to the 2nd city Manchester.

That doesn't make it the best place to visit, by any means.

If one wants to sense England, leave the cities. Get out in the countryside, preferably not the 'Beautiful South'. Walk, do a trail, visit small villages and market towns. Have a pint with some shepherds pie. That is England, it is Gods green earth.

The same holds true for Scotland and I assume Ireland. Yes there is a vibe in Leeds, Manchester and London, but it is not that different than elsewhere on the Continent.


Title: Re: De-Dollarisation.
Post by: 2tallbill on October 22, 2018, 12:22:38 PM
That doesn't make it the best place to visit, by any means.

What's not to like?


(http://jZoYUQSU38E)
Title: Re: De-Dollarisation.
Post by: Guile on October 22, 2018, 05:10:04 PM
London might not be the best place to visit, but the stats say that 80-90% of tourists who visit the UK don't go anywhere else.

Title: Re: De-Dollarisation.
Post by: rosco on October 23, 2018, 03:49:53 AM
London might not be the best place to visit, but the stats say that 80-90% of tourists who visit the UK don't go anywhere else.

Not if you go by these figures. What stats are you looking at?

There was a total of 39.2 million visitors to the UK in 2017.

https://www.visitbritain.org/forecast

14.1 million visitors came to Scotland and that was just an increase of 15% compared with the year before.

https://www.telegraph.co.uk/travel/news/scotland-receives-record-number-of-annual-visitors/

Me thinks your idea of London and its importance is massively wide of the mark. I'm sure most can work out what 90% of 39.2 million is and what it isn't. Suggesting 90% of tourists don't go anywhere else is a complete lie.
Title: Re: De-Dollarisation.
Post by: Guile on October 23, 2018, 05:58:25 AM
my bad rosco, the stats I was looking at only was for England and not the rest of the UK. 

https://en.wikipedia.org/wiki/Tourism_in_England

According to those stats 19.5 million people visited London in 2016.   So 19.5/39 would be pretty much 50% of visitors who go to the UK go to London.

The 2nd most visited city in England was Manchester at 1.2 million.  So London outranks any other English city by a ratio of 19.5-1 or more.

50% is still a huge percentage.  Basically half the tourists who went to the UK went to London.  Now they may go elsewhere also but they do go to London.

Title: Re: De-Dollarisation.
Post by: andrewfi on October 23, 2018, 06:06:51 AM
Of course a large number fly to London. There is a large preponderance of people choosing London as an initial destination but the evidence of one's eyes will inform one that while they might fly to London and depart from London, they also go in very large numbers to other places. I'd bet that the Manchester number reflects flight arrivals.
Title: Re: De-Dollarisation.
Post by: rosco on October 23, 2018, 07:48:51 AM
my bad rosco, the stats I was looking at only was for England and not the rest of the UK. 

https://en.wikipedia.org/wiki/Tourism_in_England

According to those stats 19.5 million people visited London in 2016.   So 19.5/39 would be pretty much 50% of visitors who go to the UK go to London.

The 2nd most visited city in England was Manchester at 1.2 million.  So London outranks any other English city by a ratio of 19.5-1 or more.

50% is still a huge percentage.  Basically half the tourists who went to the UK went to London.  Now they may go elsewhere also but they do go to London.

Andrew's sort of said what I would have. London's a huge transport hub for international flights and as nice as Manchester is, I suspect many fly there and use it as a launch pad to their desired location.

For London, its not uncommon for people to arrive, take photo's of the queens guards, the palace and Tower Bridge. Get their head down for the night and bugger off somewhere nicer for a fortnight. It's a bit like Dubai or Singapore in that respect.

 :thumbsup:
Title: Re: De-Dollarisation.
Post by: AvHdB on October 23, 2018, 08:24:25 AM
For London, its not uncommon for people to arrive, take photo's of the queens guards, the palace and Tower Bridge. Get their head down for the night and bugger off somewhere nicer for a fortnight. It's a bit like Dubai or Singapore in that respect.

Some how buggering off for a fortnight does not sound right when referencing Dubai.
Title: Re: De-Dollarisation.
Post by: rosco on October 23, 2018, 10:14:34 AM
For London, its not uncommon for people to arrive, take photo's of the queens guards, the palace and Tower Bridge. Get their head down for the night and bugger off somewhere nicer for a fortnight. It's a bit like Dubai or Singapore in that respect.

Some how buggering off for a fortnight does not sound right when referencing Dubai.


Are you suggesting buggering off to Mauritius, Maldives or Sri Lanka doesn't sound nice??
Title: Re: De-Dollarisation.
Post by: Wiz on October 23, 2018, 11:56:52 AM
I like to give out some stats and advice for foreign arrivals in the UK in 2017.

London Heathrow.... PAX  = 9850 millions

Gatwick                  Pax   = 5239 millions

Stansted                Pax    = 3829 millions

Manchester             Pax    = 1953 millions

OTHER UK              Pax     = 7262 Millions

Scotland                 Pax     = 1577 Millions

People visit London because there are too many historical and interesting places to see. Any how the American's are coming to see the Queen and they are not good in Geography, so visiting other places in the UK are out of the question.

They don't go to Manchester because it's raining all the time and it has not changed since I first visited my first English woman friend there, back in 1969! Additionally the old lovely Indian Raj has moved there too..... confusing the poor American's.

They don't visit NewCastle or Scotland because they can't understand their language.

They don't Visit Northern ireland because they heard about Moby and they are running away.

They don't Visit Dublin (Southern Ireland) because they find too many relatives who get them drunk every night down the pubs by the Leafy river.

Any way,  London and the South of England are definitely more organised than the north, many more places to visit, Oxford, Cambridge, Brighton if your are inclined or member of LBGT etc.

So the South on England has it All! .... Welcome to UK....

(https://s3.pixers.pics/pixers/700/FO/42/66/67/02/700_FO42666702_4a736d7192faafa9d473cb2507af0359.jpg)

 tiphat


Title: Re: De-Dollarisation.
Post by: AvHdB on October 23, 2018, 03:53:04 PM
So the South on of England has it All! .... Welcome to the UK....
Title: Re: De-Dollarisation.
Post by: Wiz on October 23, 2018, 05:11:34 PM
So the South on of England has it All! .... Welcome to the UK....

One small "Typo" mistake and no other grammar mistake!

I tried to be helpful, because I noticed the same mistake, by you, and you are acting like a little child ....... Pathetic for your age.

Take a look at my avatar... you deserve it! :sick0012:
Title: Re: De-Dollarisation.
Post by: AvHdB on October 23, 2018, 05:59:03 PM
So the South on of England has it All! .... Welcome to the UK....

One small "Typo" mistake and no other grammar mistake!

I tried to be helpful, because I noticed the same mistake, by you, and you are acting like a little child ....... Pathetic for your age.

Take a look at my avatar... you deserve it! :sick0012:

Yes I said thank you. You on the side of the coin, go off on a rant.

That you are rude and ill bred is an issue for those that you interact with.

By the way you made two mistakes.
Title: Re: De-Dollarisation.
Post by: Contrarian on October 23, 2018, 07:42:10 PM
So the South on of England has it All! .... Welcome to the UK....

One small "Typo" mistake and no other grammar mistake!

I tried to be helpful, because I noticed the same mistake, by you, and you are acting like a little child ....... Pathetic for your age.

Take a look at my avatar... you deserve it! :sick0012:

Ignore Av’s attempts to correct you, it’s a pot kettle black situation.

For years people have corrected Av about the correct spelling of a lot (many) versus allot (which refers to an allotment) and he’s too dumb, obstinate and proud to thank anyone and make a correction.

Av also cannot discern the difference between there and their, nor would he correct himself when his betters point out his mistake.

Wiz most of us realize English is not your first language and yet you do a very fine job of making some great posts; thank you!
Title: Re: De-Dollarisation.
Post by: Guile on October 23, 2018, 07:45:26 PM
Let's all write in Russian and see how far we get  :laugh: :laugh:
Title: Re: De-Dollarisation.
Post by: AvHdB on October 23, 2018, 08:01:59 PM
Let's all write in Russian and see how far we get  :laugh: :laugh:

Good one! Or we could write in Dutch.  :chuckle:
Title: Re: De-Dollarisation.
Post by: Contrarian on October 23, 2018, 08:50:53 PM
Let's all write in Russian and see how far we get  :laugh: :laugh:

I suspect Manny would likely do the best, although perhaps Dachaguy knows Russian?

Infrequent contributor ManyQuestions? seems determined to learn Russian, an admiral trait for someone who says he might like to live there and teach English.

And then there's me, I get by with Braille.  :laugh:
Title: Re: De-Dollarisation.
Post by: Guile on October 24, 2018, 12:09:11 AM
All I know is that I know more Russian than Moby and that's good enough  :laugh: :laugh:

I think Dachaguy is Russian himself so that excludes him.
Title: Re: De-Dollarisation.
Post by: Manny on October 24, 2018, 02:45:37 AM
Let's all write in Russian and see how far we get  :laugh: :laugh:

I suspect Manny would likely do the best, although perhaps Dachaguy knows Russian?

No, I am quite rusty. Even my 9 year old daughter howls with laughter at my pronunciation if I read something in one of her books for example. But also I stopped actively learning when my wife's English noticeably overtook my Russian. Which would have been about 2006.  :chuckle:
Title: Re: De-Dollarisation.
Post by: Wiz on October 24, 2018, 03:47:51 AM
So the South on of England has it All! .... Welcome to the UK....

One small "Typo" mistake and no other grammar mistake!

I tried to be helpful, because I noticed the same mistake, by you, and you are acting like a little child ....... Pathetic for your age.

Take a look at my avatar... you deserve it! :sick0012:

Yes I said thank you. You on the side of the coin, go off on a rant.

That you are rude and ill bred is an issue for those that you interact with.

By the way you made two mistakes.*

* REM what I said to Moby: "The Idiot insists".

As you must know, by now, I don't like Zionist trolls and you are one of these paid despicable characters who enjoy derailing and destroying every post on this board.

Over time, I have shown you my rude manners and my dislike to your behaviour, as you state and i ask, if it is an issue for you then why you continue interacting with me?

How many times do I have to tell you that I dislike Zionist Trolls, like you?

Confederate

Thanks for your comments but as we all know this board it's not a place for literature competition......but a place to exchange ideas and views. I have been around for many years and I hate Anonymous trolls and this Zionist miserable sod it's one of them.

 :coffeeread:

Title: Re: De-Dollarisation.
Post by: Markje on October 24, 2018, 04:45:05 AM
Let's all write in Russian and see how far we get  :laugh: :laugh:

Good one! Or we could write in Dutch.  :chuckle:

Ik ben voor
Title: Who speaks / understands Russian, better .
Post by: msmoby on October 24, 2018, 05:56:45 AM
Now you are being more honest   :popcorn:

No, I am quite rusty.



Title: Re: De-Dollarisation.
Post by: Guile on October 24, 2018, 10:43:00 PM
[ I lived in London and that is about the only place worth mentioning in the UK.


There you go again,  you haven't been to the rest of the UK - apart from Dover and  suggesting outside of London isn't worth seeing  :ROFL:

You seem to think you're qualified to talk about things and pass yourself off as an "expert" when you have zero experience.

From brexit to Russian politics and Chinese business, you've been busted for your bollox so much your belly is bursting. You better start apologizing now for all the lies. 

How many enemies have you made here?  No one likes to talk to you, think about that.
Title: Sting123 'UK tourist guide' - having been to London and Kent ...
Post by: msmoby on October 25, 2018, 01:29:22 AM

Quote from: sying123 ink=topic=24660.msg486080#msg486080 date=1540179853
[ I lived in London and that is about the only place worth mentioning in the UK.


There you go again,  you haven't been to the rest of the UK - apart from Dover - and  suggesting outside of London isn't worth seeing  :ROFL:

You seem to think you're qualified to talk about things and pass yourself off as an "expert" when you have zero experience.

I've not seen many posters diss places they've never been to ...  Naturally, I have been to most of the places you dismissed

I've never watched 'Games of Thrones' - but I know it has had some magical effect on folks wanting to see places in N.Ireland I've raved about and wondered why Russians were so keen to go there..


From brexit to Russian politics and Chinese business, you've been busted for your bollox so much your belly is bursting. You better start apologizing now for all the lies.

I missed being busted on any of those subjects  ..  what lies ? ...(:)



How many enemies have you made here?  No one likes to talk to you, think about that.

I'm thinking that you don't think..  or pay attention.

Title: Re: De-Dollarisation.
Post by: Guile on October 25, 2018, 03:14:00 AM
You blatantly lied about your Russian speaking abilities after I called you out on it.  You couldn't even understand what I wrote you in Russian here.

Try and get 1 forum member here to publicly say that you are their friend and that you helped them out.  Bet you can't.

I had several members on the other forum who I personally gave advice to about Moscow and beyond, and even some Russian women who backed me up via PM when dealing with Boethius.

You still arguing with John Gaunt, BillyB, DaveNY, Trenchcoat, JayH...did I miss anyone?
Title: Re: De-Dollarisation.
Post by: AvHdB on October 25, 2018, 03:26:16 AM
You blatantly lied about your Russian speaking abilities after I called you out on it.  You couldn't even understand what I wrote you in Russian here.

Try and get 1 forum member here to publicly say that you are their friend and that you helped them out.  Bet you can't.

I had several members on the other forum who I personally gave advice to about Moscow and beyond, and even some Russian women who backed me up via PM when dealing with Boethius.

You still arguing with John Gaunt, BillyB, DaveNY, Trenchcoat, JayH...did I miss anyone?

Perhaps there should be a sign on the threads do not feed 'Moby'. Reminds me of the expression 'don't wrestle with pigs, you get dirty and the pigs like it',  think it was O. Wilde.
Title: Re: De-Dollarisation.
Post by: Guile on October 25, 2018, 03:28:11 AM
Moby, do some critical self-examination and learn how to make friends in real life.  It's a pretty useful skill to have.

Title: sting123 forgo the thread subject
Post by: msmoby on October 25, 2018, 03:49:25 AM

You blatantly lied about your Russian speaking abilities after I called you out on it.

You have some sort of imagination - you ducked my terms for the bet ... I wonder why ? 

You couldn't even understand what I wrote you in Russian here.

 (:) Once again, you are 'mistaken' ...  that you still choose to  doubt how SC and I manged all these years - how I tracked her down and we started off - when her English was zip - is amusing ...  You constantly overlook that I've lived / worked with RU speakers for nearly two decades  ...


Try and get 1 forum member here to publicly say that you are their friend and that you helped them out.  Bet you can't.

 I could get Don from Canada or Maxx - for example ( is  he still banned ? )   But what would that prove - other than you are a constant source of entertainment


I had several members on the other forum who I personally gave advice to about Moscow and beyond, and even some Russian women who backed me up via PM when dealing with Boethius.

For once I do not doubt you - but I note they used PM - rather than publicly 'supporting' you ....   Boethius ( Halo) on here did not ban you there ...  nor did I seek your banning ..  Om most forums following a poster around - checking out his friends and relatives and even exs and promising all sorts of harm tends to get one sin-binned

Well done on trying to help folk - rather than posting utter tripe about places you've not BEEN to and getting bent out of shape when picked up on same

You still arguing with John Gaunt, BillyB, DaveNY, Trenchcoat, JayH...did I miss anyone?

I think you forgot our Beel, FT, - ML on the use of knowing ( some) the RU language when dating FSU W and I'm sure a few more you forgot ... 

Some of those posters have  different names on here and it is hard to argue with any poster who prefers to dwell on interesting interpretations of  of my life experiences -  'lies' [  :ROFL:] - esp from 30 years ago and demanding photo evidence to prove  MY experiences ;)

What is it with some folks that they get SO upset about being incorrect that they might feel the need to repeat the bollox of others or even 'threaten'   
- not that that seems to be a successful 'silencing' technique ....



Moby, do some critical self-examination and learn how to make friends in real life.  It's a pretty useful skill to have.



I'm quite happy with the circle of friends I've got, thanks .... You might like to get your 'anger management issues seen to - you don't seem to take being busted too well



What has any of your infatuation  got to do with 'de-dollarisation' ?

Title: Re: De-Dollarisation.
Post by: Markje on October 25, 2018, 05:07:56 AM
Try and get 1 forum member here to publicly say that you are their friend and that you helped them out.  Bet you can't.


I think he can.

At least moby isnt trying to insult people. I find those posts worthy of deletion usually
Title: Re: De-Dollarisation.
Post by: Guile on October 25, 2018, 05:23:38 AM
So are you his friend Markje? 
Title: Re: De-Dollarisation.
Post by: Markje on October 25, 2018, 06:07:40 AM
So are you his friend Markje?

Acquaintence more likely. I do not meet him irl as much to call him friend. I used to run tech projects for him from my own biz
Title: Re: De-Dollarisation.
Post by: Chris on October 25, 2018, 08:00:42 AM
Guile, I'm watching, keep on topic and off Moby, or else! last warning  tiphat
Title: Re: De-Dollarisation.
Post by: cufflinks on October 25, 2018, 09:11:24 AM
Back on Topic of the War between the US Treasury and China-Russia Gold ReminRubles and IMF CryptoSDRs...

Who will be the ultimate world reserve currency and the many machinations behind the scenes...

The interesting concept is the "New Scheiss Dollar"...
goldenjackass.com - pretty crappy website and a paywall for the premium newsletter... but an Iconoclast's focus is not on a slick website...

Plus Trump knows that to be reelected in 2020 he needs to show progress on rebuilding the USAs infrastructure and the Anti Terror Wall and gator-croc moat complete at least 25% to 35% but to finish it we need to reelect him or the Democrat Socialist Peoples Party will tear it down to flood the USA with Narco Terror and Terrorists.

Jim Willie Truth Bombs:

Jim Willie is the most iconoclastic global economist online and brutally candid about the USA and global economic hegemony as taught to the USA by the UK and their British Economic Empire (So the USA would acquiesce to rebuild the UK and Europa in the 50s till now to BP, BAE, Lloyds and the City of London and the Crown's Global Rothschilds Banksters eternal profit).

Dollar will be devalued and a flood of foreign investment will flood in to the Trump Deregulated and now low tax USA with a lot of new Jobs and Zero fringe benefits and Curry Breath and or Goose Stepping Fascisti Managers in Charge and Living Large as the USA becomes the new unlimited productive land and unlimited Low Cost diversified Energy and Physical and Administrative Overhead automated Robotic manufacturing supplier.

USA will have to increase all 50 states Free Trade Zones and increase Manufacturing Exports...

Trump is trying to relieve the $1Trillion-USD Trade Deficit by wiping out the Current Account Deficit...

Mixed News for all the Pro-China Yank Haters on RUA - China FXI ETF and SPY ETF Options Way Down and I just put in an Order in for some for the Post Trumpian Red Wave Mid Terms Victory Rally:

That is only 12 Cents (Times 100 Underlying SPY Shares) for $12.00 USD Per Nov 16 Call
That is only 10 Cents (Times 100 Underlying FXI Shares) for $10.00 USD Per Feb 15 Call

10/25/18   475   Option
Buy Open
2
SPY Nov 16 '18 $290 Call Limit   Day   0.12   0.12


10/25/18   474   Option
Buy Open
10
FXI Feb 15 '19 $48 Call Limit GT50 0.10


Will know the SPY Fate on Nov 6 and post elections week.

Will know the fate of the China Reciprocal Fair Trade NO IP Theft Deal by the New Year as Chinese have a tradition of beginning the New Year with NO Debt and NO Nuked Markets on the Chinese New Year...
   
Title: Re: De-Dollarisation.
Post by: Guile on October 25, 2018, 09:15:10 AM
Guile, I'm watching, keep on topic and off Moby, or else! last warning  tiphat

Chris I'm trying my best man!!!
Title: Re: De-Dollarisation.
Post by: Chris on October 25, 2018, 09:16:09 AM
Guile, I'm watching, keep on topic and off Moby, or else! last warning  tiphat

Chris I'm trying my best man!!!

Well please try a bit harder, there's a good man!
Title: Re: De-Dollarisation.
Post by: Dogsoldier on October 25, 2018, 09:23:48 AM
Guile, I'm watching, keep on topic and off Moby, or else! last warning  tiphat

Chris I'm trying my best man!!!

Well please try a bit harder, there's a good man!
Ah, a bit of MobyBashing. Keeps us in good humour. ????
Title: Re: De-Dollarisation.
Post by: cufflinks on October 25, 2018, 11:37:05 AM
Ten (10) more FXI Calls executed at $0.12 Cents...

Last Price   Today's Change   Bid (Size)   Ask (Size)   Day's Range   Volume   Trade   
0.14   -0.02 (-12.50%)   0.10  x183   0.14  x331   0.12 - 0.14   42

However...  Maybe time to short Goog/Alphabet and Face-Instagram-space before the AntiTrust Breakup...

From behind the Strategic Intelligence Report paywall... so if you want a link you will have to pay them or just trust me that I did not modify it to Hypnotize Wiz and Moby into a kumbayah love fest.

Google Helps China to Fill Its Concentration Camps:

Prior to and during the Holocaust, Jews in Nazi Germany were required to wear yellow six-pointed star badges on the outside of their clothes. Other targeted groups including gays, Catholics and Romani also had to wear unique insignia. This proved helpful to the Nazis when the time came to round up the targets and send them to death camps (euphemistically called “concentration camps”). Now Google is working on a similar project for the Communist Chinese.

As described in this article, Google is building a search app for China (called “Project Dragonfly”) that will flag queries using words or phrases such as “human rights.” Once users are flagged for such searches, they will be put under state surveillance and tracked with facial recognition software. Eventually, the targets could end up in modern-day Chinese concentration camps for brainwashing and so-called “reeducation.” In this article, Google’s CEO attempts to rationalize such reprehensible behavior. This is one more reason to steer clear of certain highflying tech stocks. It’s possible to make money in Google. But would your conscience be clear knowing you’re helping Communists round up victims for concentration camps?
Title: Re: De-Dollarisation.
Post by: msmoby on October 25, 2018, 02:12:44 PM
[
Ah, a bit of MobyBashing. Keeps us in good humour. ????

 :laugh: 

I'm not feeling at all 'bashed' - more entertained 
Title: Re: De-Dollarisation.
Post by: Contrarian on October 30, 2018, 08:51:04 PM
This looks to be interesting...

https://mises.org/wire/will-dollar-survive-rise-yuan-and-end-petrodollar
Title: Re: De-Dollarisation.
Post by: andrewfi on October 31, 2018, 02:09:56 AM
That's an interesting article from almost a year ago. Time gives useful context in a year when the US of the dollar in international trade has fallen to 62%, a figure that is lower than it has been for many years and where we are seeing a relative growth in non-dollar denominated debt holdings.

The comments are interesting as the people disagreeing with each other, when examined Objectively, are pretty much in agreement with each other.

WRT those comments, some defenders of the dollar are suggesting that a fall in the relative value of the dollar is good for US exports whilst assuming that those exports can be created out of nothing and at no cost in investment terms. Of course, that's ridiculous because it isn't possible. China took more than a generation to achieve its position and did so from a position that can not be matched by the United States. Trump's strategy makes the same assumption, that markets react without delay and at, effectively, zero cost. That's why his strategy of trying to force structural change in the US by raising the costs of imports will fail - the United States is incapable of replacing those imports, in the short/medium term, at any price. Doing so in the longer term implies the impoverishment of the United States populace to a point where they become cost effective to other manufacturing economies. Worth bearing in mind that setting aside logistical (supply chain) matters, China is no longer the lowest cost producer that it used to be.

It should also be remembered that it does not serve the other major economies of the world to impose a sudden change upon the United States - unless the USA starts to act in a manner that is impossible to bear, in which case matters will quickly come to a head and the USA will be denied the resources to carry out its enforcement actions.
Title: Re: De-Dollarisation.
Post by: Texan77 on October 31, 2018, 03:25:29 PM
There is no shortage of capital in the USA. There is only a shortage of investment that will make money. Our cost to produce thing is just too high. Most of our major companies to not know what to do with there money so they have stock buy backs. 
Title: Re: De-Dollarisation.
Post by: Contrarian on October 31, 2018, 10:03:31 PM
This also looks interesting. Andrew?

https://www.newsbud.com/2018/10/24/risks-to-petrodollar-growing-circumventing-iran-sanctions-the-khashoggi-false-flag-hit/
Title: Re: De-Dollarisation.
Post by: andrewfi on November 01, 2018, 06:14:10 AM
Texan77, what you are seeing is resource misallocation due to the non-market pricing of risk. That's a side effect of too easy borrowing at rates that don't accurately reflect risk.

When all rates are low then it is not possible to price risk. Businesses see that they get better returns by borrowing to buy stock than investing in new production.

The problem is that the United States economy can not sustain market priced interest rates. This is a vicious cycle.

The Trump administration is trying to break the cycle by increasing the cost of imports by making US businesses and consumers pay a tax on imports. Problem is that, as I already wrote, there's a considerable lag between the pricing out of imports and the possibility of replacing them. This is made worse by the likelihood that it is no longer possible for US businesses to replace many of those goods. That makes the worst of all worlds as demand for imports is reduced without an increase in the supply of those goods at any price within the US market.

All that is going to happen is that China will continue to develop their internal market and will increase export development to non-US markets. Of course this will cause some disruption in the Chinese economy but it is very, very, unlikely to cause their economy to cease growing.

There's probably no solution for the United States that does not either include war or a continued lowering of living standards, at least in relative terms for the people of the United States - or possibly both.
Title: Re: De-Dollarisation.
Post by: AvHdB on November 01, 2018, 06:33:39 AM
Tex there are two other factors in play:

The value of the US $ has changed against other currencies, to a large degree this negates the tariffs that the Trump administration enacted against countries such as China.

Because of changes in corporate governance and the aggressive nature of some hedge funds/investors it is safer to a do a stock buy back and lessen outside influences. The corporations are not using there spare capital to grow there companies but rather to insulate themselves from irate/aggressive stock holders.

In the end both of these trends are not good for the US economy.
Title: Re: De-Dollarisation.
Post by: Texan77 on November 03, 2018, 10:35:22 PM
It appears that there is a belief that the tariffs will not last long and the China will be bringing in low price products again in the near future. There is a current bounce in the stock market, The reason for this according to Chinese financial channel I look at say it is because Xin and Trump will meet at the G20 meeting and there is hope that the trade war will be solved. Also there is a the fact the trade war is not costing China much in lost of sales. When I talk to people here, there seemed to be little interest in building new plants or even changing suppliers as they see the tariff thing as something that will go way before the 2020 electrons and maybe in a few weeks. 

A lot of people are sitting on cash. That includes me. Lack of investments that pay well. Many of our corporations have more cash than they do not know what to do with. Most of the time when I look at foreign countries the return rate is even worse than here. The really low interest rate have caused people to except rate of business return they would not of done before. The low borrow cost have meant the people could invest and borrow the money in a low return business and still make a profit. From what I can see this is likely a bubble that will blow up sometime soon and these low return business will not make it.

The US economy is trying to turn down at the present time. This is part of why people think that Trump may want to goose it again by ending the tariffs with China real soon. Trump announce that he wants to give another tax cut to the middle class maybe be another way he can goose it again. Now he is not talking about it any more. That maybe a future sign what he is thinking when the economy get in trouble again. I am thinking he is wanting to hold the economy up until the elections in November 2020. I think that is going to be tuff.

The federal reserve is raising rates and reducing the money supply. Two more years of this is going to make hard to keep the USA economy expanding.

Understand some other things about China. China has the highest zombie loans and loans in default of any of the major industrial country. Over forty percent of China's GDP is construction and construction related businesses. In 2008 they had to borrow heavy to keep constructing or implode. It will be interesting to see what happens during the next great crash.

It appears that Venezuela is going to be using dollars whether the government likes it or not. They stop selling oil in dollars and now sell if in euros. But it appears the rest of the country is still running on dollars as local currency is pretty much worthless. 
http://www.msn.com/en-us/money/news/shopping-at-well-stocked-venezuelan-stores-better-take-dollars/vi-BBPgqDJ?ocid=U218DHP

In Honduras most larger stores, gas stations and new constructed convenience stores will take dollars and/or the local currency as if there is no difference.  Any of the hotels, resorts, restaurants, taxi cabs are the same way. 
Title: Re: De-Dollarisation.
Post by: Texan77 on November 10, 2018, 06:16:08 PM
Few people here want to admit that there are a few problems in China. This is an article about one of those problems. 

Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said.

The nightmare scenario for policy makers is that owners of unoccupied dwellings rush to sell if cracks start appearing in the property market, causing prices to spiral. “There’s no other single country with such a high vacancy rate,” said Gan, of Chengdu’s Southwestern University of Finance and Economics. “Should any crack emerge in the property market, the homes to be offloaded will hit China like a flood.”

http://www.msn.com/en-us/money/realestate/a-fifth-of-chinas-housing-is-empty-thats-50-million-homes/ar-BBPuMlV?li=BBnb7Kz&ocid=U218DHP
Title: Re: De-Dollarisation.
Post by: Wiz on November 11, 2018, 05:12:04 AM
Few people here want to admit that there are a few problems in China. This is an article about one of those problems. 

Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That adds up to more than 50 million empty homes, he said.

The nightmare scenario for policy makers is that owners of unoccupied dwellings rush to sell if cracks start appearing in the property market, causing prices to spiral. “There’s no other single country with such a high vacancy rate,” said Gan, of Chengdu’s Southwestern University of Finance and Economics. “Should any crack emerge in the property market, the homes to be offloaded will hit China like a flood.”

http://www.msn.com/en-us/money/realestate/a-fifth-of-chinas-housing-is-empty-thats-50-million-homes/ar-BBPuMlV?li=BBnb7Kz&ocid=U218DHP

So how this China problem is going to affect the USA economy and its people?

Are you planning to invest in China?

Just for your info I read in a Greek Paper that Many Chinese people buy flats and apartments in Greece and get permanent residency too........

 :reading:
Title: Re: De-Dollarisation.
Post by: Texan77 on November 11, 2018, 10:14:03 AM
Actually Chinese building will have an effect on just about everything. This is because they buy so much raw materials for its construction industry. Many countries depend on the construction industry in China.  The thinking here on RUA is the USA will collapse, Europe will stay just like it is and the China will takes our place. But few want to consider the problem China has and negative out look for Europe. 

What is actually happening behind the scenes is if you look at the countries GDP base in Purchase power in the country to determine its GDP, the method used to make China the world largest, shows UK as 9th and Mexico as a fast rising 11 in 2017. I bet Mexico come close to catching the UK in 2018 and passing them up in 2019. Soon the UK will be less important to the world economy than Mexico. Even using the real dollar method, Mexico will pass up the UK about 2025. Using PPP method Brazil and Indonesia have also passed up the UK.

India is the seventh largest economy based in dollars and will soon pass the UK and France but if you used the method of the purchase power in the country methode, India is now 4th having way passed Germany leaving all European countries in the dust. India will likely in the early 2020's catch Japan even using the real dollar amount GDP and be the new rising economic star. European countries are on there way to being unimportant in the world economy.  The future standerd of living in the European countries and the UK likely to decline in future.

Of nearly 200 countries the GDP of Ukraine is 61. A long way from a failed state. This is using the dollar method and it would be higher if you used the in country purchasing power method. 


 
Title: Re: De-Dollarisation.
Post by: AvHdB on November 11, 2018, 10:31:01 AM
Of nearly 200 countries the GDP of Ukraine is 61. A long way from a failed state. This is using the dollar method and it would be higher if you used the in country purchasing power method. 

Regarding what Wiz posts up thread a while back read an interesting article about Chinese buying real estate in Vancouver. The authorities are trying to stop the practice of payment in full in cold cash. If you ask me those buying into Greece are getting the better deal.

Regarding Ukraine the greater problem is the wealth of the country is in the hands of a few and the farmers. From the perspective of an average society the nation has failed them.
Title: Re: De-Dollarisation.
Post by: Texan77 on November 11, 2018, 10:38:04 AM
The Ukraine is not perfect and it is not without its problems, but everything work like a normal country. The currency is stable. Most people are earning a living. There are not millions of Ukrainians leaving the country because they can not eat. I know life is hard there for many but not impossible like in a failed state.   
Title: Re: De-Dollarisation.
Post by: Guile on November 11, 2018, 11:58:52 AM
if you think Ukraine is bad check out Venezuela right now...
Title: Re: De-Dollarisation.
Post by: AvHdB on November 11, 2018, 12:52:39 PM
if you think Ukraine is bad check out Venezuela right now...

 :ROFL:  Is that ever the truth, the sad thing there are some who blame the US for there self inflicted debacle.
Title: Re: De-Dollarisation.
Post by: Manny on November 11, 2018, 01:14:00 PM
Actually Chinese building will have an effect on just about everything. This is because they buy so much raw materials for its construction industry. Many countries depend on the construction industry in China.  The thinking here on RUA is the USA will collapse, Europe will stay just like it is and the China will takes our place. But few want to consider the problem China has and negative out look for Europe. 

A few days ago I met the MD of one of the biggest scrap metal firms in the UK and we chatted a while. He tells me the raw scrap that used to go to China is now going to Turkey, Pakistan and India. The idea being that China is maybe building less infrastructure than it was and/or is sourcing elsewhere. Scrap metal is traded in dollars internationally by Europe and the US so countries that want to eschew the dollar will source off the dollar circuit.
Title: Re: De-Dollarisation.
Post by: Texan77 on November 11, 2018, 02:53:31 PM
The US FED is taking 80 billion dollars a month out of our economy. They have been doing this for a while now.  It is only a matter of time before the good times end. So if any body wants to send there unwanted dollars back to the US they will be welcome as we can surely used them hopefully to get another month of the good times.

Maybe the tariff have cut some steel exports from China and the Chinese are just using there own steel instead of buying scrap. Steel, with a 25 per cent tariff, is the only thing with enough tariff to make any different in China's ability to sell it in the USA.  I am reading very many very aggressive construction projects are underway in China. One of their really big project is the electrical power system.

A part of this system is the vanadium battery project in China and increase in the amount of vanadium China is requiring in steel in construction projects is expected to make a world wide shortage of Vanadium and possibly create havoc in numerous industries in the west. Russia and China produce most of the worlds vanadium. The US does produce some but not enough and Europe produces none.  You can not produce modern aircraft or quality steel without vanadium. 
Title: Re: De-Dollarisation.
Post by: Wiz on November 11, 2018, 03:28:33 PM
The Ukraine is not perfect and it is not without its problems, but everything work like a normal country. The currency is stable. Most people are earning a living. There are not millions of Ukrainians leaving the country because they can not eat. I know life is hard there for many but not impossible like in a failed state.

I never thought you are so ignorant about Ukraine. Really you have not a clue what happened to that country and also what is going on today!

Last week we had a friend from kiev visiting us and the things she told us, are completely the opposite of what you posted. i got the impression that its' a completely failed state.

BTW Ukraine owes Russia $20 billion borrowed previously, which the current government refuse to pay. Ukraine survive with money they borrow from IMF.

I suggest you search and learn the History of the Ukraine.....actually the RT had an excellent documentary today about the Ukraine......with Oliver Stone and you will learn a lot watching it!

Meanwhile... watch this video and enjoy the Smile of Merkel, when
Putin tell her a joke and the final result of their policies.



[/b][/color]

Same end for USA Dollar. :ROFL:

 tiphat

 
Title: Re: De-Dollarisation.
Post by: Texan77 on November 11, 2018, 04:18:07 PM

I never thought you are so ignorant about Ukraine. Really you have not a clue what happened to that country and also what is going on today!

Last week we had a friend from kiev visiting us and the things she told us, are completely the opposite of what you posted. i got the impression that its' a completely failed state.

BTW Ukraine owes Russia $20 billion borrowed previously, which the current government refuse to pay. Ukraine survive with money they borrow from IMF.

I suggest you search and learn the History of the Ukraine.....actually the RT had an excellent documentary today about the Ukraine......with Oliver Stone and you will learn a lot watching it!


Please give me the conditions that you base your conclusion on that it is a fail state. Failed state always have failed currency.  Are you saying the currency in Ukraine has failed?  Failed state always can not delivery basic services like water and electricity. Are you saying the Ukraine can not deliver basic services? Please name them. It does not matter how much money they owe that is not a condition of a fail state. If it was Greece would be a failed state. It does not matter how much corruption there is in the Ukraine that does not make it a failed state neither. There are many countries that have worse corruptions levels than Ukraine and they are not failed states also.  Government workers show up for work everyday. In a failed state this does not happen. Busses run and trains are usually on time.  A failed state is one that can no longer govern because of a complete collapse of the government. Your friend just does not like the Ukraine and does not know what a failed state is.  Considering she is your friend it is not surprising.

Try to buy real estate in Ukraine. It is expensive. Another sign it is not a failed state. In failed state you can not sell real estate because the government does not function and can not give you owner ship.  You go around to all the shops and realize that they were sold as condos and they all have different owners. Ten of thousand of people own the space these shops are in. A million dollars would not make me a rich person in Ukraine. A chicken Hut franchise cost 500,000 dollars. There are a lot of them in Ukraine. A Mac Donald's is about two million dollars.  Other franchise have similar cost. It is hard for an out sider to be in business in Ukraine because it is hard to understand the corruption and to use it well.  The streets are full of cars some of them expensive. Almost all this stuff is own by Ukrainians.

The really biggest sign the Ukraine is not a failed state is your friend was safe to go to Kiev. The poverty stricken people would rob her as soon as she would have gotten there if this was a failed state. That would always be the case in failed state as law and order breaks down and it is not safe anybody including the locals that live there. As usual you have no idea what your talking about.
Title: Re: De-Dollarisation.
Post by: Contrarian on November 11, 2018, 04:53:58 PM

I never thought you are so ignorant about Ukraine. Really you have not a clue what happened to that country and also what is going on today!

Last week we had a friend from kiev visiting us and the things she told us, are completely the opposite of what you posted. i got the impression that its' a completely failed state.

BTW Ukraine owes Russia $20 billion borrowed previously, which the current government refuse to pay. Ukraine survive with money they borrow from IMF.

I suggest you search and learn the History of the Ukraine.....actually the RT had an excellent documentary today about the Ukraine......with Oliver Stone and you will learn a lot watching it!


Please give me the conditions that you base your conclusion on that it is a fail state. Failed state always have failed currency.  Are you saying the currency in Ukraine has failed?  Failed state always can not delivery basic services like water and electricity. Are you saying the Ukraine can not deliver basic services? Please name them. It does not matter how much money they owe that is not a condition of a fail state. If it was Greece would be a failed state. It does not matter how much corruption there is in the Ukraine that does not make it a failed state neither. There are many countries that have worse corruptions levels than Ukraine and they are not failed states also.  Government workers show up for work everyday. In a failed state this does not happen. Busses run and trains are usually on time.  A failed state is one that can no longer govern because of a complete collapse of the government. Your friend just does not like the Ukraine and does not know what a failed state is.  Considering she is your friend it is not surprising.

Try to buy real estate in Ukraine. It is expensive. Another sign it is not a failed state. In failed state you can not sell real estate because the government does not function and can not give you owner ship.  You go around to all the shops and realize that they were sold as condos and they all have different owners. Ten of thousand of people own the space these shops are in. A million dollars would not make me a rich person in Ukraine. A chicken Hut franchise cost 500,000 dollars. There are a lot of them in Ukraine. A Mac Donald's is about two million dollars.  Other franchise have similar cost. It is hard for an out sider to be in business in Ukraine because it is hard to understand the corruption and to use it well.  The streets are full of cars some of them expensive. Almost all this stuff is own by Ukrainians.

The really biggest sign the Ukraine is not a failed state is your friend was safe to go to Kiev. The poverty stricken people would rob her as soon as she would have gotten there if this was a failed state. That would always be the case in failed state as law and order breaks down and it is not safe anybody including the locals that live there. As usual you have no idea what your talking about.

What do you expect for Don Quixote?
Title: Re: De-Dollarisation.
Post by: Markje on November 11, 2018, 06:26:49 PM
The Ukraine is not perfect and it is not without its problems, but everything work like a normal country. The currency is stable. Most people are earning a living. There are not millions of Ukrainians leaving the country because they can not eat. I know life is hard there for many but not impossible like in a failed state.

Everything is normal in ukraine? Then how come the roads aren't being repaired. how come the pensions aren't being paid. How come the child-care money is not being paid. How come government wages are a joke. I could go on, but the situation is far from a normal country.
Title: Re: De-Dollarisation.
Post by: Wiz on November 11, 2018, 10:49:10 PM

I never thought you are so ignorant about Ukraine. Really you have not a clue what happened to that country and also what is going on today!

Last week we had a friend from kiev visiting us and the things she told us, are completely the opposite of what you posted. i got the impression that its' a completely failed state.

BTW Ukraine owes Russia $20 billion borrowed previously, which the current government refuse to pay. Ukraine survive with money they borrow from IMF.

I suggest you search and learn the History of the Ukraine.....actually the RT had an excellent documentary today about the Ukraine......with Oliver Stone and you will learn a lot watching it!

The really biggest sign the Ukraine is not a failed state is your friend was safe to go to Kiev. The poverty stricken people would rob her as soon as she would have gotten there if this was a failed state. That would always be the case in failed state as law and order breaks down and it is not safe anybody including the locals that live there. As usual you have no idea what your talking about.

My friend knows her country much better than you, she lived there and is selling her flat because she has moved to Bulgaria and is living by the sea, thanks to her sons. Living in Kiev she told me.....is extremely dangerous.

She is a pensioner and her pension is not enough to pay her flat expenses or to live there. If it wasn't for her sons...... god knows how she would have survived.

How many times you have been to Ukraine and when, before or after YOUR colour revolutions?

I guess you have never been there and you are an expert?

Thank you for educating me regarding a fail state.......... :'(

Title: Re: De-Dollarisation.
Post by: AvHdB on November 12, 2018, 12:44:48 AM

My friend knows her country much better than you, she lived there and is selling her flat because she has moved to Bulgaria and is living by the sea, thanks to her sons. Living in Kiev she told me.....is extremely dangerous.


The only time I had a problem in Kiev was when there was an attempt to hustle me by some cops 15 years ago. It was at Maidan. Alone and with Julia we have walked day and night in Podil, Shevchenkivskyi (down town), and Perchersk.

We have also visited the Left Bank numerous times at night. Having noted this Julia says there are some dangerous parts of the city. Julia will know this because she is a realtor.
Title: Re: De-Dollarisation.
Post by: Omega1982 on November 12, 2018, 01:21:49 AM
Per Putin....

"Russia is making efforts to reduce dependence on the dollar, they have already brought some results. This assessment is given in an article published on Sunday on the website of the wall street journal."
Title: Re: De-Dollarisation.
Post by: Wiz on November 12, 2018, 02:05:41 AM

My friend knows her country much better than you, she lived there and is selling her flat because she has moved to Bulgaria and is living by the sea, thanks to her sons. Living in Kiev she told me.....is extremely dangerous.


The only time I had a problem in Kiev was when there was an attempt to hustle me by some cops 15 years ago. It was at Maidan. Alone and with Julia we have walked day and night in Podil, Shevchenkivskyi (down town), and Perchersk.

We have also visited the Left Bank numerous times at night. Having noted this Julia says there are some dangerous parts of the city. Julia will know this because she is a realtor.

As I have already posted in another previous post, I first travelled to Ukraine - Lvov in 1978 for a very long weekend and stayed at the Grand Hotel and in the evenings we had a great time in the bar "Yellow Submarine".

I can assure you, I never had any problem anywhere I travelled in Ukraine especially in kiev where I happen to be around during the Orange Revolution days......at the Hotel Ukraina. I took this photo, from my window, just before the demonstrations started...

Maidan Square

(http://www.ukraine.ukme.com/kiev/whentogo/maidan_Sq.jpg)

My friend is a widow of a high ranking army officer .... but as I said.....thanks to her sons.... she moved to Burgas in Bulgaria, where she feels very safe, from where she can travel often to UK and she speaks very good English. Soon she will have a Bulgarian Nationality and Passport.

She has no reason to lie to me about the situation in Ukraine. REM she is a pensioner.!

 :coffeeread:




Title: Re: De-Dollarisation.
Post by: Texan77 on November 12, 2018, 06:59:12 AM
The Ukraine is not perfect and it is not without its problems, but everything work like a normal country. The currency is stable. Most people are earning a living. There are not millions of Ukrainians leaving the country because they can not eat. I know life is hard there for many but not impossible like in a failed state.

Everything is normal in ukraine? Then how come the roads aren't being repaired. how come the pensions aren't being paid. How come the child-care money is not being paid. How come government wages are a joke. I could go on, but the situation is far from a normal country.

Sadly outside of top 30 countries or so that is normal for much of the world. Look at Ukraine and see the Europe of the future after the Euro and dollar collapse.
Title: Re: De-Dollarisation.
Post by: andrewfi on November 13, 2018, 12:11:44 AM
Texan77, please help me out here. Can you share with us, in dollars, the average income for people in Ukraine? And perhaps the GDP per capita (nominal or PPP, your choice)

Maybe you could tell me which European or Sub-Sahara African countries these amounts compare with?

Thanks for your help.

By the way, yes, I get it - you get misled by the miserable quality of infrastructure in Ukraine being so similar to that seen in parts of your country. Believe me when I tell you that this does not flatter the United States in any way.
Title: Re: De-Dollarisation. - andrewfi drives to the UK - he should know better
Post by: msmoby on November 13, 2018, 02:15:05 AM
Dear Andrew

Seeing you choose to drive  to the UK - you'll know that the infrastructure of roads do not improve until you are near Warsaw - with a few short sections of dual road  near Riga

IF you drive to Russia - you'd know the roads  - even to Moscow - aren't good - until close.

So.....  I was wondering what 'point' you are trying to make ?

Is it demonstrating you don't know

or

ignorance

OR

where you trying to be ''superior' and making a spectacle of yourself - as is SO often the case ?

It is noted that my responses to your howlers are 'withheld' for your own protection  :chuckle:

Title: Re: De-Dollarisation.
Post by: rosco on November 13, 2018, 06:14:57 AM
The Ukraine is not perfect and it is not without its problems, but everything work like a normal country. The currency is stable. Most people are earning a living. There are not millions of Ukrainians leaving the country because they can not eat. I know life is hard there for many but not impossible like in a failed state.

Everything is normal in ukraine? Then how come the roads aren't being repaired. how come the pensions aren't being paid. How come the child-care money is not being paid. How come government wages are a joke. I could go on, but the situation is far from a normal country.

Sadly outside of top 30 countries or so that is normal for much of the world. Look at Ukraine and see the Europe of the future after the Euro and dollar collapse.

Another banging quote from yank that's hardly travelled. I get to this conclusion because after I burst out laughing, I found a link for you. Take a look at the table and I'll help you here by listing the following countries outwith the top 30;

https://www.countries-ofthe-world.com/richest-countries.html

South Korea, Andorra, New Zealand, Spain, Czech Republic, Slovenia, Lithuania, Estonia, Poland, Portugal, Cyprus, Israel........the list goes on and I've visited most.

Do you honestly think life in these countries is similar to that in Ukraine??
Title: Re: De-Dollarisation.
Post by: andrewfi on November 13, 2018, 06:56:12 AM
What is moby burbling about?

Did your dole giro arrive? Big morning at the offy?
Title: Re: De-Dollarisation.
Post by: Wiz on November 13, 2018, 08:26:13 AM
What is moby burbling about?

Did your dole giro arrive? Big morning at the offy?

He is hallucinating at the Sochi beach after a night with his woman....... One night with her and he is out of the count!

Except if he lied on the posthe made 2 days ago!

 :ROFL: :ROFL: :ROFL:
Title: Re: De-Dollarisation.
Post by: Texan77 on November 15, 2018, 01:21:09 AM
Texan77, please help me out here. Can you share with us, in dollars, the average income for people in Ukraine? And perhaps the GDP per capita (nominal or PPP, your choice)

Maybe you could tell me which European or Sub-Sahara African countries these amounts compare with?

Thanks for your help.

By the way, yes, I get it - you get misled by the miserable quality of infrastructure in Ukraine being so similar to that seen in parts of your country. Believe me when I tell you that this does not flatter the United States in any way.

Andrew, In this world there are nearly a hundred third world countries. If you compare Ukraine against other third world, their road are excellent. There wages are in line. Yes they make about 200 dollars a month if you consider the above board money but there is a lot of black money so one one really know. In this world there are countries that make about 100 dollar day and there are countries that make about ten dollars a day and there are countries that make about 1 dollar a day. Ukraine is a country where they make about ten dollar a day for unskilled worker. Of the two hundred countries in the world Ukraine is about the middle.

But if you compare Ukraine to central America you will find it is much better. If you compare it to Mexico Ukraine is much safer, better than many parts of that country. It is much better than much of Africa, much of south America, many island countries and much of the middle east.  Ukraine is no where near a failed state. That is the point.

It is just in Europe, because of Russia, Ukraine gets bad press. There are other eastern European countries that are not much better but no body wants to talk about them. There are large parts of southern and central Russia not much better also. How many people here go to the Islamic parts of Russia? It is not very pretty I hear.  Central Russia also very poor. Of course the people here go to the wealthy European parts of Russia and then think the whole country is like that.
Title: Re: De-Dollarisation.
Post by: rosco on November 15, 2018, 05:36:25 AM
Texan77, please help me out here. Can you share with us, in dollars, the average income for people in Ukraine? And perhaps the GDP per capita (nominal or PPP, your choice)

Maybe you could tell me which European or Sub-Sahara African countries these amounts compare with?

Thanks for your help.

By the way, yes, I get it - you get misled by the miserable quality of infrastructure in Ukraine being so similar to that seen in parts of your country. Believe me when I tell you that this does not flatter the United States in any way.

Andrew, In this world there are nearly a hundred third world countries. If you compare Ukraine against other third world, their road are excellent. There wages are in line. Yes they make about 200 dollars a month if you consider the above board money but there is a lot of black money so one one really know. In this world there are countries that make about 100 dollar day and there are countries that make about ten dollars a day and there are countries that make about 1 dollar a day. Ukraine is a country where they make about ten dollar a day for unskilled worker. Of the two hundred countries in the world Ukraine is about the middle.

But if you compare Ukraine to central America you will find it is much better. If you compare it to Mexico Ukraine is much safer, better than many parts of that country. It is much better than much of Africa, much of south America, many island countries and much of the middle east.  Ukraine is no where near a failed state. That is the point.

It is just in Europe, because of Russia, Ukraine gets bad press. There are other eastern European countries that are not much better but no body wants to talk about them. There are large parts of southern and central Russia not much better also. How many people here go to the Islamic parts of Russia? It is not very pretty I hear.  Central Russia also very poor. Of course the people here go to the wealthy European parts of Russia and then think the whole country is like that.

But you said;

Sadly outside of top 30 countries or so that is normal for much of the world.

Clearly that's a lie.
Title: Re: De-Dollarisation.
Post by: Texan77 on November 18, 2018, 12:21:40 AM
The PPP of Ukraine is official 8700 dollars per person. The number is likely low because of all the dark money that is in the country. Officially it is ranked little below the half way point at 116 out of two hundred countries in the world's country. Moldavia has a ppp of 5700. Georgia is 110 out of two hundred counties. All the countries Russia invades seem to have low ppp problems. Panama, Grenada and Iraq have 24,300, 14,700 and 17,000 in that order showing it is much better to be invaded by the USA than Russia.
Title: Re: De-Dollarisation.
Post by: Steveboy on November 18, 2018, 04:46:22 AM
The PPP of Ukraine is official 8700 dollars per person. The number is likely low because of all the dark money that is in the country. Officially it is ranked little below the half way point at 116 out of two hundred countries in the world's country. Moldavia has a ppp of 5700. Georgia is 110 out of two hundred counties. All the countries Russia invades seem to have low ppp problems. Panama, Grenada and Iraq have 24,300, 14,700 and 17,000 in that order showing it is much better to be invaded by the USA than Russia.

better to be invaded by the USA. Is there any countries left for the USA to invade? or occupy!
Title: Re: De-Dollarisation.
Post by: Manny on November 18, 2018, 11:41:52 AM
Is there any countries left for the USA to invade? or occupy!

Plenty they'd salivate at the prospect of invading: Russia, China, North Korea, et al. But those countries can defend themselves so Uncle Sam will just bellyache from afar.

A better question might be "Are there any defenceless countries left full of oil, gold, gas or other resources that Uncle Sam can spread some, um.... democracy to, kill or force into exile the leader, loot the country, and then install lots of US politicians and their relatives in the utility and other cash cow companies to um.... rebuild that place?"

If you know one, Killary will be there with her cookies and Soros will be buying some flags. Need a new prez? Saakashvili has a window in his schedule.  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Wiz on November 18, 2018, 01:14:53 PM
Is there any countries left for the USA to invade? or occupy!
Plenty they'd salivate at the prospect of invading: Russia, China, North Korea, et al. But those countries can defend themselves so Uncle Sam will just bellyache from afar.

Yes I know a few, Greece, Albania, FYROM, Kosovo and Cyprus.

Victoria  Nulan
has been there already, with her cookies and Soros has supported $$$ all politicians and are now in his pocket and most importantly .... Geoffrey Pyatt, the famous CIA/USA Ambassador in Ukraine is already in Athens, working hard on the project.   

I forgot to mention that the Zionists from Israhell are there too..... Keep an eye in that page.........

>:(
Title: Re: De-Dollarisation.
Post by: msmoby on November 18, 2018, 01:23:20 PM


Yes I know a few, Greece, Albania, FYROM, Kosovo and Cyprus.



Wiz,

EVERYONE 'knows' Cyprus was prevented falling into Kremlin control by Kissinger in '74 ...

Kosovo was saved from that nasty little man Milosovic - along with the rest of Yugoslavia

Now, Kremlin II are trying to undo all the good works of Washington

Get with the case ')
Title: Re: De-Dollarisation.
Post by: Texan77 on November 18, 2018, 01:36:20 PM
The only countries left to invade is the poor one.

You know in Grenada they have a large holiday to celebrate the USA invasion. No body celebrates an Russian Invasion.
Title: Re: De-Dollarisation.
Post by: B.B. on November 18, 2018, 04:20:09 PM
The only countries left to invade is the poor one.

You know in Grenada they have a large holiday to celebrate the USA invasion. No body celebrates an Russian Invasion.

Some years ago, a liberal reporter went down to Grenada to do a story about the invasion.  He expected Grenadians to all hate Reagan but the most common response he got was, "Reagan?  God bless the man."

B/B
Title: Re: De-Dollarisation.
Post by: Wiz on November 18, 2018, 05:08:21 PM


Yes I know a few, Greece, Albania, FYROM, Kosovo and Cyprus.



Wiz,

EVERYONE 'knows' Cyprus was prevented falling into Kremlin control by Kissinger in '74 ...

Kosovo was saved from that nasty little man Milosovic - along with the rest of Yugoslavia

Now, Kremlin II are trying to undo all the good works of Washington

Get with the case ')

Moby

Are you talking with your mouth or your arse?

We have already discussed all the above...... but as usual you can't resist to fart.....with your mouth!

What ever you can spew..... everybody knows the real truth.

It's late and not in the mood to dispute all the rubbish you are posting.

(http://www.yannis.ip3.uk/PHOTOS/E/Emotikons_RUA/Broken_record_150px.jpg)
Title: Re: De-Dollarisation.
Post by: Omega1982 on November 18, 2018, 09:29:24 PM
Is there any countries left for the USA to invade? or occupy!

Plenty they'd salivate at the prospect of invading: Russia, China, North Korea, et al. But those countries can defend themselves so Uncle Sam will just bellyache from afar.

A better question might be "Are there any defenceless countries left full of oil, gold, gas or other resources that Uncle Sam can spread some, um.... democracy to, kill or force into exile the leader, loot the country, and then install lots of US politicians and their relatives in the utility and other cash cow companies to um.... rebuild that place?"

If you know one, Killary will be there with her cookies and Soros will be buying some flags. Need a new prez? Saakashvili has a window in his schedule.  :coffeeread:


Excellent point.  Which countries would be left that fit these requirements?  So you're saying the US took oil from Iraq?  I know Iran should be on the list there with Russia and China.  There are few places left in the world to conquer.  Maybe sub Saharan Africa? 

Manny, do you think Trump might pull some stunt regarding the above mentioned countries in order to win the 2020 elections? 

They've been spreading a lot of fear about North Korea since Trump won the elections two years ago. 
Title: Re: De-Dollarisation.
Post by: msmoby on November 18, 2018, 10:46:18 PM


Moby


We have already discussed all the above...... but as usual you can't resist to fart.....with your mouth!

I 'missed' when you telling us your revisionist history  made something was 'fact' ...  :chuckle:

Title: Re: De-Dollarisation.
Post by: Texan77 on November 19, 2018, 08:10:40 AM
We invaded all of western Europe and Russia invade all of eastern Europe. All of western Europe got rich and all of eastern Europe got poor. It look like it still holds true today.

Since new government of Iraq is now more inclusive than the original one was it look like we will have another winner in a few years where the new country will be much better off that before.  After Panama was invade it has been nothing but up and away for the country. Get rid of the drug dealing, murdering president and everything got better. I doubt if you guys know any about the government of Iraq other than your anti US propaganda.

Let see what happens in Syria where Russia support dictator and leave most of the  population oppressed. I bet another loser.   
Title: Re: De-Dollarisation.
Post by: rosco on November 19, 2018, 08:40:58 AM
We invaded all of western Europe and Russia invade all of eastern Europe. All of western Europe got rich and all of eastern Europe got poor. It look like it still holds true today.

What a terribly simplistic jack ass thing to say. So you're telling me that Western Europe only got clever, industrious, wealthy and forward thinking after you lot "invaded" it?

Can I remind you who was pissing in your rivers long before you were even a country? Western Europe has always been one of the more advanced parts of the globe. Google what was happening from 1400 onwards Tex, life didn't become good from the 1950's onwards.
Title: Re: De-Dollarisation.
Post by: msmoby on November 19, 2018, 08:42:55 AM
"invaded" ?

That really is a jack-ass thing to write ...but I guess you're allowed to say such things ;)
Title: Re: De-Dollarisation.
Post by: Contrarian on November 19, 2018, 10:22:01 AM
We invaded all of western Europe and Russia invade all of eastern Europe. All of western Europe got rich and all of Eastern Europe got poor. It look like it still holds true today.

What a terribly simplistic jack ass thing to say. So you're telling me that Western Europe only got clever, industrious, wealthy and forward thinking after you lot "invaded" it?

Can I remind you who was pissing in your rivers long before you were even a country? Western Europe has always been one of the more advanced parts of the globe. Google what was happening from 1400 onwards Tex, life didn't become good from the 1950's onwards.

Most of the desired cars in Cuba are American and from the 1950’s therefore you’re wrong.  :chuckle:
Title: Re: De-Dollarisation.
Post by: Manny on November 19, 2018, 11:14:08 AM
So you're saying the US took oil from Iraq?

My understanding of the oil fields in that general region that ISIS had control of IIRC was they sold it to a trading company in Turkey owned by Erdogan's son who then sold it on to Japan. The US was complicit in they allowed the convoys to move all over the region they were involved in. Were palms greased along the way? I'd suggest it naive to suggest not.

I know Iran should be on the list there with Russia and China.  There are few places left in the world to conquer.  Maybe sub Saharan Africa? 

Yes, they are salivating over Iran too, trying to figure out who will help who. China is heavily invested in much of Africa and Russia is making friends there too. They may have missed the boat on most of Africa.

Manny, do you think Trump might pull some stunt regarding the above mentioned countries in order to win the 2020 elections? 

They've been spreading a lot of fear about North Korea since Trump won the elections two years ago.

No, he is stalemated. If he strikes first China will defend. NK wont strike first as if they did China will ignore. NK won't disarm unless the US pulls out of SK - which they won't. So nothing will happen. Now Trump knows that he needs to find a new place nobody cares about to rain bombs on.......... but where? Somewhere in South America perhaps?
Title: Re: De-Dollarisation.
Post by: Contrarian on November 19, 2018, 11:28:21 AM
So you're saying the US took oil from Iraq?

My understanding of the oil fields in that general region that ISIS had control of IIRC was they sold it to a trading company in Turkey owned by Erdogan's son who then sold it on to Japan. The US was complicit in they allowed the convoys to move all over the region they were involved in. Were palms greased along the way? I'd suggest it naive to suggest not.

I know Iran should be on the list there with Russia and China.  There are few places left in the world to conquer.  Maybe sub Saharan Africa? 

Yes, they are salivating over Iran too, trying to figure out who will help who. China is heavily invested in much of Africa and Russia is making friends there too. They may have missed the boat on most of Africa.

Manny, do you think Trump might pull some stunt regarding the above mentioned countries in order to win the 2020 elections? 

They've been spreading a lot of fear about North Korea since Trump won the elections two years ago.

No, he is stalemated. If he strikes first China will defend. NK wont strike first as if they did China will ignore. NK won't disarm unless the US pulls out of SK - which they won't. So nothing will happen. Now Trump knows that he needs to find a new place nobody cares about to rain bombs on.......... but where? Somewhere in South America perhaps?

Yes Venezuela. They already owe us big time and a high percentage of the population is tired of eating rats and not having basic medicines. They would welcome us with open arms.

Is thinking of South America for the USA your idea of teamwork in a multi-polar World? I like it.  :chuckle:
Title: Re: De-Dollarisation.
Post by: Manny on November 19, 2018, 11:36:49 AM
Is thinking of South America for the USA your idea of teamwork in a multi-polar World? I like it.  :chuckle:

Better you keep the wars on your own continent. The rest of us will care less that way. Build that wall, sabre-rattle with Mexico a bit, regime change in Venezuela maybe.......

Is Uruguay or Ecuador worth a crack? Not too large so a quick "revolution" and a regime change may be in order? Not a long flight for Hillary and her cookies.  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Texan77 on November 19, 2018, 08:49:39 PM
We invaded all of western Europe and Russia invade all of eastern Europe. All of western Europe got rich and all of eastern Europe got poor. It look like it still holds true today.

What a terribly simplistic jack ass thing to say. So you're telling me that Western Europe only got clever, industrious, wealthy and forward thinking after you lot "invaded" it?

Can I remind you who was pissing in your rivers long before you were even a country? Western Europe has always been one of the more advanced parts of the globe. Google what was happening from 1400 onwards Tex, life didn't become good from the 1950's onwards.

Yea the availability to western money and investment. Eastern Europe did not. That is what happened. You saying that eastern Europe is stupid or something. Then what is the different to what happen to eastern and western Europe. Rocco wake up.
Title: Re: De-Dollarisation.
Post by: Texan77 on November 19, 2018, 08:51:37 PM
Is thinking of South America for the USA your idea of teamwork in a multi-polar World? I like it.  :chuckle:

Better you keep the wars on your own continent. The rest of us will care less that way. Build that wall, sabre-rattle with Mexico a bit, regime change in Venezuela maybe.......

Is Uruguay or Ecuador worth a crack? Not too large so a quick "revolution" and a regime change may be in order? Not a long flight for Hillary and her cookies.  :coffeeread:

First all you guys in Europe need to get rid of your USA puppet governments and pay for your own military.
Title: Re: De-Dollarisation.
Post by: Contrarian on November 19, 2018, 08:58:23 PM
Is thinking of South America for the USA your idea of teamwork in a multi-polar World? I like it.  :chuckle:

Better you keep the wars on your own continent. The rest of us will care less that way. Build that wall, sabre-rattle with Mexico a bit, regime change in Venezuela maybe.......

Is Uruguay or Ecuador worth a crack? Not too large so a quick "revolution" and a regime change may be in order? Not a long flight for Hillary Victoria and her cookies.  :coffeeread:

http://www.thesleuthjournal.com/new-multipolar-world-globalists-control-all-players/?fbclid=IwAR075Z-1y0Swznr6R-Fe2eoDPgez_fE0k6cTuPUsDruIbKegEj1GGfHOIVs
Title: Re: De-Dollarisation.
Post by: Guile on November 19, 2018, 09:07:34 PM
who's on the Trump train?!?! 
Title: Re: De-Dollarisation.
Post by: rosco on November 20, 2018, 02:32:36 AM
We invaded all of western Europe and Russia invade all of eastern Europe. All of western Europe got rich and all of eastern Europe got poor. It look like it still holds true today.

What a terribly simplistic jack ass thing to say. So you're telling me that Western Europe only got clever, industrious, wealthy and forward thinking after you lot "invaded" it?

Can I remind you who was pissing in your rivers long before you were even a country? Western Europe has always been one of the more advanced parts of the globe. Google what was happening from 1400 onwards Tex, life didn't become good from the 1950's onwards.

Yea the availability to western money and investment. Eastern Europe did not. That is what happened. You saying that eastern Europe is stupid or something. Then what is the different to what happen to eastern and western Europe. Rocco wake up.

Thanks for the name change, Rocco is so European!

Ah the Great Divergence, time you for to get the kettle on and take a read Tex. If you think the Yanks coming over here kicked it all off and you refuse to acknowledge the Industrial Revolution, Age of Enlightenment, Navigation, Empire building or the introduction of stock companies etc, then I'd be better off having a chat with my dog.

"Scholars have proposed a wide variety of theories to explain why the Great Divergence happened, including geography, culture, institutions, colonialism, resources, and "accidents of history".[4] Scholars also trace back the beginning of the Great Divergence to different periods, with many tracing it back to the Industrial Revolution in 18th-century Britain, while others trace it back to earlier periods of Western history, such as the commercial revolution and the origins of mercantilism and capitalism during the Renaissance and the Age of Discovery, the rise of the European colonial empires, proto-globalization, the Scientific Revolution, or the Age of Enlightenment. The "traditional view", sometimes described as a near-consensus view,[5][6][7] is that the Great Divergence occurred before the Industrial Revolution, with Western European states surpassing China, Japan and the Middle East by 1750.[8][9][10][11][12] However, the "revisionist" view of the "California School" estimates that the divergence started around 1800 during the Industrial Revolution.[13][14][15][16] In the twentieth century, the Great Divergence peaked before the First World War and continued until the early 1970s, then, after two decades of indeterminate fluctuations, in the late 1980s it was replaced by the Great Convergence as the majority of Third World countries reached economic growth rates significantly higher than those in most First World countries.[17]

Technological advances, in areas such as railroads, steamboats, mining, and agriculture, were embraced to a higher degree in the West than the East during the Great Divergence. Technology led to increased industrialization and economic complexity in the areas of agriculture, trade, fuel and resources, further separating the East and the West. Western Europe's use of coal as an energy substitute for wood in the mid-19th century gave it a major head start in modern energy production.

In the Age of Exploration navigators discovered new routes to the Americas and Asia. Commerce expanded, together with innovations such as joint stock companies and various financial institutions. New military technologies favored larger units, leading to a concentration of power in states whose finances relied on trade. France and Spain developed absolute monarchies reliant on high taxes and state-backed monopolies, leading to economic decline. The Dutch Republic was controlled by merchants, while Parliament gained control of England after a long struggle culminating in the Glorious Revolution. These arrangements proved more hospitable to economic development.[33] At the end of the 16th century London and Antwerp began pulling away from other European cities, as illustrated in the following graph of real wages in several European cities:[34]"

https://en.wikipedia.org/wiki/Great_Divergence
Title: Re: De-Dollarisation.
Post by: Steveboy on November 20, 2018, 07:53:30 AM
Is thinking of South America for the USA your idea of teamwork in a multi-polar World? I like it.  :chuckle:

Better you keep the wars on your own continent. The rest of us will care less that way. Build that wall, sabre-rattle with Mexico a bit, regime change in Venezuela maybe.......

Is Uruguay or Ecuador worth a crack? Not too large so a quick "revolution" and a regime change may be in order? Not a long flight for Hillary and her cookies.  :coffeeread:

First all you guys in Europe need to get rid of your USA puppet governments and pay for your own military.

Yeah they do need to get rid of them.. If I came to power I would give the US exactly 72 hours to get all the asses out of my country.. after which time any remaining military personal would be arrested and imprisoned ..

Yeah you think I'm stupid! Not so sunny Jim!! Just prey I don't ever come to power... :ROFL:
Title: Re: De-Dollarisation.
Post by: 2tallbill on November 22, 2018, 02:21:06 PM
What a terribly simplistic jack ass thing to say.

It was a jack ass thing to say, however he was comparing three things (very poorly)
the differences when Russia invades a country and when USA invades a country
and contrasting it with the silly stuff that Manny was spewing.

The US hasn't invaded a country to steal it stuff since before WW1 and Manny
pretends that's all we do. 

So you're telling me that Western Europe only got clever, industrious, wealthy
and forward thinking after you lot "invaded" it?

He isn't very good at explaining his thoughts, but his point (I believe) is that the US
and Russia both rampaged across Europe during WWII. The US helped rebuild a bit
and then left. Russia by contrast dismantled, pillaged and wrecked the countries
leaving the wonders of socialism and corruption for 50 years.

Let's compare that to what Manny was spouting on about.
1. The USA only invades countries that can't protect themselves.
2. We do it with the intention of stealing their resources
3. Manny implies in a later post that various palms were greased
in the US to allow oil to flow to Japan from Syria? and elsewhere.

Manny might have a point about the John McCain types who never saw
a war they didn't want us to wage, but we didn't do any of it to steal oil.

So while Texan didn't form his argument very well, he wasn't insulting
Western Europe nor claiming that because we rampaged through there
that Western Europe was a success.

Western Europe became a success after WW2 because
1. We left after the war and left them mostly alone while they advanced
themselves.
2. Russia didn't rampage through and stay for 50 years. 

Title: Re: De-Dollarisation.
Post by: Omega1982 on November 22, 2018, 07:44:16 PM
So why do we invade so many countries Bill?  And all these countries just happen to be in the oil rich middle east? 

Do you think the war in Iraq was successful?  What has been achieved there in over 15 years? 

I like to measure things by their achievements.  Russia, for example achieved a lot during the Soviet times.  Rapid industrialization, moving people out of poverty, mass housing projects, literacy campaigns, medical, scientific, cultural, transportation, infrastructure.  Yes, some things were wrong such as things done by Stalin, but what was Russia before 1917?  What infrastructure did they have?  How did the peasants live? 

Its funny how so many people here are married to Russian women and don't like Russia.  Russia is a great country. 
Title: Re: De-Dollarisation.
Post by: Steveboy on November 22, 2018, 10:05:50 PM
So why do we invade so many countries Bill?  And all these countries just happen to be in the oil rich middle east? 

Do you think the war in Iraq was successful?  What has been achieved there in over 15 years? 

I like to measure things by their achievements.  Russia, for example achieved a lot during the Soviet times.  Rapid industrialization, moving people out of poverty, mass housing projects, literacy campaigns, medical, scientific, cultural, transportation, infrastructure.  Yes, some things were wrong such as things done by Stalin, but what was Russia before 1917?  What infrastructure did they have?  How did the peasants live? 

Its funny how so many people here are married to Russian women and don't like Russia.  Russia is a great country.


Its funny how so many people here are married to Russian women and don't like Russia.  Russia is a great country. Yeah,, correct and even funnier when these people complain like little babies about not getting special visa rights to visit Russia... :laugh:
Title: Re: De-Dollarisation.
Post by: Texan77 on December 02, 2018, 10:09:16 PM
So why do we invade so many countries Bill?  And all these countries just happen to be in the oil rich middle east? 

Do you think the war in Iraq was successful?  What has been achieved there in over 15 years? 


You have to understand what happened in Iraq. They formed a new government and it was a collation between parts that left out the Sunni Muslims. Then when IS, which was a Sunni Muslim organization, tried to invade the country the Sunni Muslim in their military would not fight and let there equipment on the field for the IS troops to take. A new government had to be formed which included the Sunnis Muslims and training had to take place. Then the Sunni Muslims in the military retook the ground IS was holding in Sunni Muslin parts of the country in a way to try to win as many hearts as possible and reduce support for the IS fighters. Iraq under Saddam would of continue causing the world endless problems. Under Saddam foreign investment in Iraq was very low. Now that Saddam is no longer there and Iraq has a more inclusive government that country is likely to begin some real growth. The country is ready for foreign investment. When the USA leaves a country we invaded we often leave it ready for foreign investment. That is in part why they do well. Iraq just took a little longer than some of the other countries.   

We have invaded a lot of countries but Iraq is the only one that I know of that is oil rich. Iraq now owns its own oil and buy stuff from who ever they like. They also buy Russian made weapons and the new government keeps close ties with Moscow. So it is not like we own the place.
Title: Re: De-Dollarisation.
Post by: msmoby on December 03, 2018, 03:58:20 AM
So why do we invade so many countries Bill?  And all these countries just happen to be in the oil rich middle east? 

Do we or DID ... given the US is clearly in isolationist mode


Do you think the war in Iraq was successful?  What has been achieved there in over 15 years? 

Ask the Kurds and they will tell you LOTS ...   

I like to measure things by their achievements.  Russia, for example achieved a lot during the Soviet times.  Rapid industrialization, moving people out of poverty, mass housing projects, literacy campaigns, medical, scientific, cultural, transportation, infrastructure.  Yes, some things were wrong such as things done by Stalin, but what was Russia before 1917?  What infrastructure did they have?  How did the peasants live? 


Look, the Soviet industrial system was archaic and corrupt in the late eighties  - you paint a rose-tinted spectacle situation

Its funny how so many people here are married to Russian women and don't like Russia.  Russia is a great country.

This 'russophobe' reminds you that he has no problem with Russians or Russia in general - it is indeed a great country - it needs to be rid of the endemic corruption and inefficiency that holds it back.

Right now, I am sat with three Russians who may be leaving for that VERY reason and they love their country
Title: Re: De-Dollarisation.
Post by: rosco on December 03, 2018, 06:35:50 AM
So why do we invade so many countries Bill?  And all these countries just happen to be in the oil rich middle east? 

Do you think the war in Iraq was successful?  What has been achieved there in over 15 years? 


You have to understand what happened in Iraq. They formed a new government and it was a collation between parts that left out the Sunni Muslims. Then when IS, which was a Sunni Muslim organization, tried to invade the country the Sunni Muslim in their military would not fight and let there equipment on the field for the IS troops to take. A new government had to be formed which included the Sunnis Muslims and training had to take place. Then the Sunni Muslims in the military retook the ground IS was holding in Sunni Muslin parts of the country in a way to try to win as many hearts as possible and reduce support for the IS fighters. Iraq under Saddam would of continue causing the world endless problems. Under Saddam foreign investment in Iraq was very low. Now that Saddam is no longer there and Iraq has a more inclusive government that country is likely to begin some real growth. The country is ready for foreign investment. When the USA leaves a country we invaded we often leave it ready for foreign investment. That is in part why they do well. Iraq just took a little longer than some of the other countries.   

We have invaded a lot of countries but Iraq is the only one that I know of that is oil rich. Iraq now owns its own oil and buy stuff from who ever they like. They also buy Russian made weapons and the new government keeps close ties with Moscow. So it is not like we own the place.

One of the most hilarious versions of events, I've ever read!!
Title: Re: De-Dollarisation.
Post by: andrewfi on December 03, 2018, 07:18:40 AM
Texan77, do us a favour, please. Can you tell us three 'problems' that Saddam Hussein was causing 'the world' before the United States invaded the country?

To help you out here, you should know that Iraq, before the Coalition of the Willing invaded the country, was a secular state, was stable, encouraged gender equality and had a high standard of living (certainly much higher than today).

The stuff you mention occurred AFTER the United States invaded the country.

Please, give it your best shot. :)
Title: Re: De-Dollarisation.
Post by: rosco on December 03, 2018, 07:44:41 AM
An interesting article from an Iraqi nurse in the Independent. I'd take her word before Texan's any day!!


And that question has come back into my head this week. Did the lives of most ordinary Iraqis get better? I don’t think so. And now they’re about to get a whole lot worse.

There was universal health care in Iraq, and universal education. Few people were well off but nobody, as far as I could tell, starved.

If you were Kurdish, or a dissident, life wasn’t like that, and I’m not suggesting for a second that we should forget their suffering. But by and large, life was OK in Saddam’s dictatorship.

It was a secular state, and Sunnis and Shias seemed to bump along together; there were plenty of Christians, and even a few Jews left (though they had experienced persecution).

So Iraq, when I was there, was a fully functioning state in which it was possible to live a fulfilled life. I’m aware that what I’m saying may be the equivalent of observing that Hitler made the trains run on time. But I wonder how many Iraqis today – particularly those in flight, with nothing but their children and a few hastily gathered possessions – look back on the Saddam years.


https://www.independent.co.uk/voices/comment/it-was-better-to-live-in-iraq-under-saddam-9532742.html
Title: Re: De-Dollarisation.
Post by: msmoby on December 03, 2018, 10:20:11 AM
Texan77, do us a favour, please. Can you tell us three 'problems' that Saddam Hussein was causing 'the world' before the United States invaded the country?

To help you out here, you should know that Iraq, before the Coalition of the Willing invaded the country, was a secular state, was stable, encouraged gender equality and had a high standard of living (certainly much higher than today).

The stuff you mention occurred AFTER the United States invaded the country.

Please, give it your best shot. :)

Allow ME, as well - seeing YOU've never been in that part of the world

1/ Ask the Kurds if they prefer then or now

2/ During the war with Iraq  250, 000 Iraqis were killed and may be 1 million Iranians - hardly great times..


3/ Secular ? My ARSE .... it was OK to be a Sunni and not Shiite in the eighties and nineties - and not so good to be a Kurd or Marsh Arab


WHERE DO you source your 'knowledge'
Title: Re: De-Dollarisation.
Post by: dcguyusa on December 03, 2018, 04:18:20 PM
Why did Iraq invade Iran and Kuwait?  Because of the chance to resurrect the Babylonian Empire.   :chuckle:

https://en.wikipedia.org/wiki/Hanging_Gardens_of_Babylon
Title: Re: De-Dollarisation.
Post by: AvHdB on December 03, 2018, 04:29:20 PM
An interesting article from an Iraqi nurse in the Independent. I'd take her word before Texan's any day!!


And that question has come back into my head this week. Did the lives of most ordinary Iraqis get better? I don’t think so. And now they’re about to get a whole lot worse.

There was universal health care in Iraq, and universal education. Few people were well off but nobody, as far as I could tell, starved.

If you were Kurdish, or a dissident, life wasn’t like that, and I’m not suggesting for a second that we should forget their suffering. But by and large, life was OK in Saddam’s dictatorship.

It was a secular state, and Sunnis and Shias seemed to bump along together; there were plenty of Christians, and even a few Jews left (though they had experienced persecution).

So Iraq, when I was there, was a fully functioning state in which it was possible to live a fulfilled life. I’m aware that what I’m saying may be the equivalent of observing that Hitler made the trains run on time. But I wonder how many Iraqis today – particularly those in flight, with nothing but their children and a few hastily gathered possessions – look back on the Saddam years.


https://www.independent.co.uk/voices/comment/it-was-better-to-live-in-iraq-under-saddam-9532742.html

Rosco, Thank you for bringing the sad reality in a way that everyone who wishes can understand.

Say what you will about Bush Sr, and while he had the option to go all the way to Baghdad but he stopped when Kuwait was liberated. It was his dimwitted son who made a royal fcuk up of everything there.
Title: Re: De-Dollarisation.
Post by: Wiz on December 03, 2018, 11:52:38 PM
Contractors reap $138bn from Iraq war (https://www.ft.com/content/7f435f04-8c05-11e2-b001-00144feabdc0)

FT 18 March 2013 (https://www.ft.com/content/7f435f04-8c05-11e2-b001-00144feabdc0)
(https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcom.ft.imagepublish.prod.s3.amazonaws.com%2F54538d12-9008-11e2-ae9e-00144feabdc0?source=next&fit=scale-down&width=250)

"Eight days after the invasion of Iraq on March 19 2003, Paul Wolfowitz, then deputy defence secretary and a leading proponent of the war, told a Congressional committee: “We are dealing with a country that can really finance its own reconstruction, and relatively soon.”

A decade later, that assessment could hardly have turned out to be more wrong.

The US has overwhelmingly borne the brunt of both the military and reconstruction costs, spending at least $138bn on private security, logistics and reconstruction contractors, who have supplied everything from diplomatic security to power plants and toilet paper.


An analysis by the Financial Times reveals the extent to which both American and foreign companies have profited from the conflict – with the top 10 contractors securing business worth at least $72bn between them.

None has benefited more than KBR, once known as Kellogg Brown and Root. The controversial former subsidiary of Halliburton, which was once run by Dick Cheney, vice-president to George W. Bush, was awarded at least $39.5bn in federal contracts related to the Iraq war over the past decade.

Two Kuwaiti companies – Agility Logistics and the state-owned Kuwait Petroleum Corporation – are the second and third-biggest winners, securing contracts worth $7.2bn and $6.3bn respectively.

The US hired more private companies in Iraq than in any previous war, and at times there were more contractors than military personnel on the ground.

“These numbers are staggering,” said Claire McCaskill, the Democratic senator who has led the charge to tighten contracting controls.

“In the last decade, we’ve seen billions in taxpayer money spent on services and projects that did little – sometimes nothing – to further our military mission,” she said.

But companies on the top 10 list defended their record. KBR “performed with honour and sacrifice in a hostile, complex, ambiguous and unpredictable environment”, said Marianne Gooch, a company spokeswoman.

She noted that KBR had prepared and served more than 1bn meals and produced more than 25bn gallons of drinkable water and 265 tons of ice.

Patrick Dorton, a spokesman for the International Oil Trading Co, a Florida-based company that secured contracts worth $2.1bn to transport fuel from Jordan to US forces in Iraq, said: “We are proud to have effectively supplied jet and convoy fuel in a war zone to the US military.”

The business environment for these contractors may be changing, with the war in Iraq over and the conflict in Afghanistan winding down, but these private companies remain.

There are still 14,000 contractors, including 5,500 security guards, in Iraq even though the last troops left in December 2011."


Click the links at the title or date to read the FT article.

We must not forget that the charitable nation USA invaded Iraq to kick out the dictator Saddam and impose copy of their own Democracy!

While you are in reading mode.... read this too! A Closer Look at Cheney and Halliburton (https://www.nytimes.com/2004/09/28/us/a-closer-look-at-cheney-and-halliburton.html)

Pleasant reading, don't you think? (http://www.yannis.ip3.uk/PHOTOS/E/Emotikons_RUA/kringeln.gif)
Title: Re: De-Dollarisation.
Post by: rosco on December 04, 2018, 09:58:31 AM
Texan77, do us a favour, please. Can you tell us three 'problems' that Saddam Hussein was causing 'the world' before the United States invaded the country?

To help you out here, you should know that Iraq, before the Coalition of the Willing invaded the country, was a secular state, was stable, encouraged gender equality and had a high standard of living (certainly much higher than today).

The stuff you mention occurred AFTER the United States invaded the country.

Please, give it your best shot. :)

Allow ME, as well - seeing YOU've never been in that part of the world

1/ Ask the Kurds if they prefer then or now

2/ During the war with Iraq  250, 000 Iraqis were killed and may be 1 million Iranians - hardly great times..


3/ Secular ? My ARSE .... it was OK to be a Sunni and not Shiite in the eighties and nineties - and not so good to be a Kurd or Marsh Arab


WHERE DO you source your 'knowledge'

Nobody here is suggesting Iraq was ever a utopia but I think the comments from an Iraqi far outweighs your contribution. The kurds had a terrible time under Saddam no doubt but why do you constantly try to argue about stuff just for the sake of it?

The point here is that Iraq is worse off, since the "liberation". Tex tells us otherwise.
Title: Re: De-Dollarisation.
Post by: andrewfi on December 04, 2018, 12:26:43 PM
Moby is just being 'counterfactual' again, he is bored but too lazy to fact check himself.

But, please let Texan respond. I am sure that he can build upon the solid foundation that you have prepared. :)

And, no I was not suggesting a utopia, but it was a situation that a majority of the world's population would look up to in envy in terms of personal freedom, income, and opportunity.
Title: Re: De-Dollarisation.
Post by: msmoby on December 04, 2018, 10:06:01 PM
Moby is just being 'counterfactual' again, he is bored but too lazy to fact check himself.


This is but the first of your total misunderstanding of reality - including  your pronouncements on folks lives  - rather than dealing with the bollox you post ... :chuckle:

But, please let Texan respond. I am sure that he can build upon the solid foundation that you have prepared. :)


My pointing out your howlers , does not preclude Tex from his interesting perspectives

Another andrewfi 'gem'


And, no I was not suggesting a utopia, but it was a situation that a majority of the world's population would look up to in envy in terms of personal freedom, income, and opportunity.

'SURE' - if you were prepared to support the "Arab Socialist Ba'ath Party" - in other words - the policy whims of Saddam ..

Look, let's face it .. back then the Americans were quite happy to use Saddam as a counter to Iran  - 'we' turned a blind eye to his treatment of his people .  'We' - the west- made him what he was..



Title: Re: De-Dollarisation.
Post by: andrewfi on December 06, 2018, 06:49:55 AM
If you are going to quote me at least take the trouble to do so honestly and not include words I did not write and certainly do not agree with.

Why do you have to do this all the time - be dishonest?

You silly, dishonest, little man.
Title: Re: De-Dollarisation.
Post by: msmoby on December 06, 2018, 09:05:13 AM
If you are going to quote me at least take the trouble to do so honestly and not include words I did not write and certainly do not agree with.

andrewfi knows VERY well that I cannot edit my posts

"SURE' - if you were prepared to support the "Arab Socialist Ba'ath Party" - in other words - the policy whims of Saddam ..

Look, let's face it .. back then the Americans were quite happy to use Saddam as a counter to Iran  - 'we' turned a blind eye to his treatment of his people .  'We' - the west- made him what he was..
"  are my words .. not his

Now, please accept my apologies and deal with my point

Why do you have to do this all the time - be dishonest?

You silly, dishonest, little man.

 :ROFL:

Says the guy telling me I posted an article from eight years ago re VK  - when it was WIZ ...

What with my 'random' photos' with the same Russians all over Europe  - you aren't having the best of 'let's make stuff up about moby' days

Just how black ARE your pots? ...





Title: Re: De-Dollarisation.
Post by: cufflinks on December 11, 2018, 01:18:59 PM
In Summary:

Orange Man Bad
USA Bad
UK Better
EU Brilliant
ISIS OK
Islamists Wonderful
CFRCs Magnificently Brilliant  (Communist Freaking Red Chinese).
Antarctica ETB Overloards Most Magnificently Brilliant and Evil of them all.
Title: Re: De-Dollarisation.
Post by: AvHdB on December 11, 2018, 01:24:03 PM
andrewfi knows VERY well that I cannot edit my posts

Moby, I believe everyone has the option to edit their own posts for an hour so after you make them.

I understand (that fortunately) you can not use the message option of RUA.
Title: Re: De-Dollarisation.
Post by: Wiz on December 11, 2018, 01:43:33 PM
andrewfi knows VERY well that I cannot edit my posts

Moby, I believe everyone has the option to edit their own posts for an hour so after you make them.

I understand (that fortunately) you can not use the message option of RUA. [ /font]


Moby is under Moderation.........like a dog on a leash!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT-g9HCd74af4HDrBwQmDUrYSBgbg0P0xYkUtlp925Cy7TO54TbyQ)

 :ROFL:
Title: Re: De-Dollarisation.
Post by: rosco on December 11, 2018, 04:20:05 PM
andrewfi knows VERY well that I cannot edit my posts

Moby, I believe everyone has the option to edit their own posts for an hour so after you make them.

I understand (that fortunately) you can not use the message option of RUA.


Quite.

Rather than admitting he’s wrong, he’ll blame Andrew for knowing that he can’t edit his posts.

This is essentially a snippet from Moby’s whole personality.
Title: Re: De-Dollarisation.
Post by: andrewfi on December 11, 2018, 05:38:31 PM
How on earth would I know what you can, or can't, do on your Internet devices?

You are not the centre of my universe, indeed, apart from the thankfully limited exposure here, you are not any part of my universe.

How can a person be so self centred?
Title: Re: De-Dollarisation.
Post by: rosco on December 12, 2018, 01:58:54 AM
How on earth would I know what you can, or can't, do on your Internet devices?

You are not the centre of my universe, indeed, apart from the thankfully limited exposure here, you are not any part of my universe.

How can a person be so self centred?

It’s got something to do with mental health.
Title: Re: De-Dollarisation.
Post by: msmoby on December 12, 2018, 03:37:05 AM
Andrewfi, playing dumb, now?

Title: Re: De-Dollarisation.
Post by: cufflinks on April 17, 2019, 09:48:41 PM
Jim Rickards Strategic Intelligence Report latest severe Gloom and Doom about the USA and De-dollarization:

The Takeaway the USA and our Trading Partners are about to become fully screwed by the end of 2019...  Hope this is more FUD than Fact but as the old saying goes best to know about and plan for the worst when hoping for the best...  The bad news is even worse than I thought.

https://pro.agorafinancial.com/p/AWN_brics_1017/EAWNV489/Full

An International Advantage America Has Held for 75 Years Will Start to Unravel...  October 18, 2019

It's a threat to the dollar's status as the world's #1 currency
and every cent in YOUR bank account

***Please Read This Full Evidence Letter Before You Do Anything Else***

Dear Fellow American,

Take a look at this photo…


It’s a “class photo” of the most important world leaders gathered at the G20 summit
in July, 2017.

There is a reason why President Trump is not positioned “front and center”
representing America as President Xi of China and President Putin of Russia are representing their countries…

A reason I will make clear in just a moment...

I’m rushing you this urgent message as both a government insider and a concerned citizen.

What I’m about to share with you will shock you. And you’ll probably think it’s a hoax at first.

But details buried deep in paragraph 17 of a little-known government document in front of me right now points to a sobering claim coming true...

**America’s 75-year status as the world’s #1 financial superpower is coming to
its end.**


Before I explain, let me introduce myself...

My name is Jim Rickards.

I’m a U.S. attorney, economist and the financial threat advisor the government turns to when it needs help.

I’ve sat deep in the Treasury Department… stared officials in the face, warning them about financial crises like 2008... years before it happened. (They ignored me…)

I’ve testified in front of Congress…


I’ve consulted and advised members of President Donald Trump’s cabinet…

In one of my most high-profile missions, I helped senior U.S. military strategists at America’s Warfare Analysis Laboratory conduct their first-ever “financial war game” to determine threats against the U.S. dollar.


I routinely rub elbows with Federal Reserve Board Chairmen like Ben Bernanke… Five-Star Generals and NSA directors like Michael Hayden, finance ministers of various governments… Presidents… Prime Ministers... Fortune 500 CEOs... and the world’s most powerful investment bankers.


They ask for my opinions and tell me things they’ll never say publicly.

And while I can’t be specific with senior military or politicians’ names or statements, I can tell you they’re about to be BLINDSIDED by something big.

My work as a currency war advisor for the CIA, Pentagon, and other national intelligence agencies allows me to rub elbows with the upper crust of the U.S. power structure...


As a result, I have access to their most closely guarded information…

And what I stumbled upon while looking over this document could signal a major change in the America we’ve known for the past seven decades...

The reason why has nothing to do with North Korea…

Or the crisis in Venzuela…

Or intelligence gathered on Russian involvement in our elections.

It’s something much more sinister and dangerous.

Starting October 18, the 75-year dominance that America has enjoyed in the world will end – kicking off a rapid decline of financial standing in the world.

As a Trump supporter, you may think the President can stop it…

Well, I predicted Trump’s victory while polls said otherwise…

I want his administration to succeed.

But, I’m telling you…

He can’t stop this one…

Because this event was set in stone before Trump ever became our 45th President… before he was even on the ballot.

And, to be honest, I’m worried.

I referenced my experience with the last financial crisis America went through because I believe this latest crisis is infinitely more dangerous...

Because if my research is correct…

Starting in just a few days…

America will no longer be the number one global powerhouse.

When this happens, I believe this will dethrone the dollar as the world’s #1 currency – taking all of our economic benefits as Americans with it.

Things like...

Affordable prices for daily necessities like paper towels and beef…
to regular purchases like T-shirts and socks… to fancy gadgets like
TVs and cellphones…
The right to withdraw your OWN MONEY sitting in your personal checking & savings account… your retirement account… AND your brokerage account…
The thousands of jobs Donald Trump has worked so hard to keep
and create in America will be lost...
Your financial privacy. What you buy, for whom and for how
much – will be gone for good…
The choice of where you bank… who you buy insurance from…
or who manages your money (Hundreds of banks and insurance companies could shut their doors)...
Access to gold, silver or any other hard assets owned for financial protection could become unattainable at any price…
There could be riots in the streets... arrests on an unprecedented scale... and martial law could be used by the U.S. military.
That’s why I’ve spent a significant amount of time and money in the past few months preparing this letter… to warn you and our fellow Americans.

I don’t have any interest in scaring you…

I’m simply following my research to its logical conclusion.

Now, you’re probably thinking… “There’s no way those things could happen…
not in America.”

But just remember:

In 2006, no one believed me when I warned my clients – some of Wall Street’s biggest players – of an impending financial collapse.
And no one believed me when I predicted that on September 30, 2016, the world’s most powerful financial body would release a new form of “world money,” specifically designed to replace the U.S. dollar as the world’s reserve currency.
But both of those things happened.

And that brings us to our current situation...

All signs point to a mundane… yet powerful scheme to pull the rug out from under President Trump and the American people.

But don’t just take my word for it. Review all of the proof I’ve gathered here for you.

The good news is… if you want to be personally prepared, there are a few simple steps
you can take to essentially sidestep this modern day financial “Pearl Harbor” attack
on your money.

I'll spell out three of them here.

All three are steps I plan to take too, for myself and my family.

And don’t worry... none of them are complicated.

But they will protect you during this coming crisis.

First, I’ll show you how to hedge your wealth during the replacement of the dollar as the world’s reserve currency…

I’ll even give you the opportunity to potentially make an eight-to-one return… turning every $1,000 into $8,000, every $5,000 into $40,000, and every $10,000 into $80,000.

Second, I will show you how to protect your wealth in the event of a market crash.

I fully expect to see major disruptions in the Social Security program.

Which is why it’s important for any retirees to find other sources of income.

Those who rely exclusively on Social Security will almost certainly end up on the breadlines.

But don’t worry.

You won’t have to be one of them.

Because I’ve found a unique way you could generate as much as $1,000 or more every month… almost effortlessly.

That might not sound like a lot…

But wouldn’t you like to have $1,000 deposited into your account every month?

Third, you’ll want to find a way to own a stake in the new reserve currency…

Normally, regular investors wouldn’t have access to that but I’ve found an original, accessible way to do it.

And no, I’m not talking about Bitcoin or any other cryptocurrency.

It’s something I have never heard explained before…

This new globalist currency will NOT trickle down to everyday folks like you and me.

It will stay at the top… and I believe it will be exclusive to the financial elite ONLY.

And yet, once this new currency takes over as the world’s top form of reserve cash…

The few who have access to it could make an incredible fortune.

And I happen to have the only private link in the world that will get you in.

The bottom line is this…

I want you to take my dire warning today seriously…

And realize that I’m in a unique position to help you.

You’re well within your rights to disagree with my analysis and conclusions.

All I ask is that you listen to what I have to say over the next few minutes.

It costs you nothing. And at the end, if you decide that I’m full of it, then you can ignore everything I’ve told you.

But if I’m right…

You’ll have learned everything you need to protect your wealth and family when this new “world money” replaces our green money and forever changes the course of U.S. history.

You could get a lot richer, too...

Many investors became wealthy in times of crisis…

In fact, more millionaires were created during the Great Depression than any other time
in history…

I’ll show you how you can too.

But before we get to any of this…

I won’t waste any more time…

Let me give you a little background on why this event will be the downfall of our
great country…

Title: Re: De-Dollarisation.
Post by: cufflinks on April 17, 2019, 09:49:46 PM
Continued...

THE MOST POWERFUL
GROUP IN THE WORLD
Washington D.C. is full of agencies with three-letter names.

The FBI… CIA… NSA… the list goes on and on.

These agencies are seen as some of the most powerful and secretive organizations
in the world.

But what many folks don’t realize is this…

 The most powerful agency in the world is not even part of the U.S. government.

It’s a world organization started in 1944 that is accountable only to central bankers, finance ministers, and heads of state around the world.

And it runs what The Economist calls "the most powerful financial institution on earth..."

It owns the world’s checkbook…

And chances are... you have probably never heard of it.

It’s called the International Monetary Fund (or “IMF” for short).

And everything about the IMF is designed to deceive you – including the name.

Because the IMF is not even a “fund” like a traditional mutual fund, or anything like that…

You can think of them as the central bank of the world.

They take deposits from countries around the world and make loans to its 189
member nations...

What makes the IMF so powerful is…

They have no wars or roads to pay for, no welfare recipients, and no social security checks to write.

Therefore, they don’t have debt like America does.

And the IMF has the power to make or break sovereign governments by deciding whether or not to loan them money when those governments are in financial distress.

So, many in the world think the IMF should hold the world’s purse strings...

With centralized money, a centralized market, even a centralized government.

The centralized money these other countries could use already exists.

It's the "world money" I told you about earlier.

All that remains is to put it into place.

And this is why a coming power shift in the world will lead to the financial collapse
of America.

How Do I Know This?
Here’s how the IMF works…

When financial decisions are proposed that affect the world…

They are put to a vote by the 189 member nations.

Each country’s voting percentage depends on the size of their economic standing
in the world…

Take a look at the current IMF voting percentages...


The U.S. has the largest economy in the world… therefore, it has had the highest voting percentage of any country since the IMF was started in 1944.

More importantly, the U.S. is the only country with more than 15%...

That is significant because 15% is the threshold needed in order to veto any
IMF proposal.

Here’s why…
According to IMF rules… you need 85% of the vote in favor of any decision before it can be turned into action.

So, if one country has more than 15% voting percentage, they can veto and block any issue on the table.

You can’t get to the 85% if the guy with more than 15% is holding out, right?

***For the past 75 years, the United States has been the only country
in the world able to veto any vote brought up in the IMF.***

That means we get what we want.

Not only here in America… but around the world.

We have used that power to dictate nearly every major financial decision in the world.

For example, the IMF offers larger loans to governments closely allied with the
United States...

During the 1980s, the U.S. pressured the IMF to extend credit to Argentina and Mexico,
who were closely allied to the United States.

The U.S. has also used this veto power to achieve foreign policy goals… punishing adversaries and rewarding allies.

During the Cold War, for example, the United States opposed the extension of IMF credit to any country controlled by a communist government.

U.S. allies found that being more supportive of U.S. foreign policy goals made it more likely that they would be able to use IMF funds.

This has been particularly important to countries such as Indonesia in its 1997 financial crisis and Argentina in the last few years.

Obtaining a generous IMF loan can reduce the severity of an economic crisis and prevent any political opposition.

So, whether the motivation is to deny resources to adversaries, to cultivate new allies, or to support existing ones…

The U.S. has used that important veto power for its own interests.

But everything is about to change…

Why?

Because of what took place on what seemed like a normal day in September, 2016.

What I Found In a Mysterious G20 Document Is the “Smoking Gun” That Will Change Everything
Every year, 20 of the world’s leaders meet to discuss their agenda for the world.

On September 4, 2016, these 20 world leaders met in Hangzhou, China, to discuss
world affairs.

All the big names showed up...

Chinese President Xi Jinping was there... along with UK Prime Minister Theresa May… Canadian Prime Minister Justin Trudeau…

And Presidents Vladimir Putin and former President Barack Obama.


Putin, Obama at G20 meeting

Many issues were discussed at this meeting… and the results were revealed in the mysterious document that’s on my desk…

Title: Re: De-Dollarisation.
Post by: cufflinks on April 17, 2019, 09:51:24 PM
Continued...

As I was examining this document, my eyes slid down the page and found a “smoking gun” in Paragraph 17.

I couldn’t believe what I was reading...

It outlines a change in the voting power of member countries on IMF issues:


Here’s exactly what that means…

A “Quota” is another word for a vote in the IMF… A vote for any future action.

The IMF reviews these quotas at regular intervals, usually every five years, to make any adjustments with how much weight they should carry.

What are the “dynamic economies” the document is referring to?


By Narendra Modi [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

The Changing Of The Guard
Maybe you’ve heard of the BRICS nations…

It’s an acronym for five emerging markets – Brazil… Russia… India… China…
and South Africa.

The five of them together, led by China, make up 22% of the world’s economy.

But they currently have just 14.2% of the vote in world financial decisions.


So they have let it be known that they are “under represented.”

Paragraph 17 says the IMF will begin in 2019 to grant an increase for these countries.

Since the BRICS nations are getting stronger economies, they want to become more dominant in world affairs...

So, their total voting percentage will pass that important 15% threshold…


This is what that means…

After the 2019 IMF meeting on October 18 in Washington D.C…

The BRICS nations will, for the first time in history, be on the path to veto power and will use it against the United States.

They will be able to block any major financial U.S. proposal that comes up for a vote… unless they get what they want.

In other words, power is shifting AWAY from the United States…

And TO the BRICS nations...

And America’s world dominance will end.

You might be thinking… “But the United States still has enough voting percentage to veto proposals themselves…”

True… but remember this…

When the BRICS nations gain enough power to veto U.S. proposals... they could twist arms of the other member countries... against our interests... including the removal of the U.S. dollar as the world’s reserve currency.

What better way to get back at the U.S. than to help bring about the demise of the dollar on the world stage?

This is what President Obama allowed to happen at this summit…

Think about it... because now it all makes sense…

Between slapping Russia with economic sanctions due to meddling in our elections…

Expelling 60 Russian diplomats from our country for nerve gas attacks in the UK…

Starting a trade war with China…

Threatening to label China a “currency manipulator”…

President Trump is doing all he can against this two headed threat.

U.S. relations with both China and Russia are at all-time lows…

These countries welcome this shift in power!

Because they are always looking for opportunities to grow the Chinese and Russian empires at America’s expense.

President Trump is fighting this double assault on America…

But this is Russia and China’s grand plan for revenge.

Bringing the collective power of the BRICS nations against our President and increase their influence in the world.

Here’s what Vladimir Putin had to say:


The BRICS nations make no secret about it…

While the idea of one central bank and one central money might sound like Armageddon to you and me... it's a financial dream come true for the other newly empowered IMF nations.

And no surprise, it's the IMF that just backed the release of this new replacement "world money," in September, 2016.

That's no coincidence.

Make no mistake, this isn't just a minor financial blip.

It's the start of a new world order.


With America less in command of its own fate than ever before.

Imagine getting clearance from the IMF the next time we want to build or buy new military equipment, fix our roads, or bail out our banks…

Medicare and Social Security are a mess…

Obamacare is imploding before our eyes…

Can you imagine what happens when the IMF decides how to “fix” those budgets instead?

Because that’s where we’re headed.

And the facts are clear…

You will remember 2019 as the “Year of the BRICS.”

Using their new veto power…

The BRICS’ #1 goal will be to dethrone the dollar as the world reserve currency.

The first steps are already well underway. It’s happening right now… before our very eyes.

I can’t stress this enough: You need to act now in order to protect your assets, and grow your savings in the next few years.

In the next few minutes, I’m going to show you exactly how I’m protecting my own money, and what I recommend doing with your own.

But first, let me show you what exactly is going on right now...

China Has Stopped Buying...
General Yi Gang, Secretary of the People’s Bank of China Monetary Policy Committee, said:


Take a look at this chart:


China is the biggest holder of U.S. dollars in the world. But they’ve been unloading foreign reserves, including the U.S. dollar, like the plague for the past few years.

The World Is Already Ditching The Dollar
You may not know who Hugo Salinas Price is...

He’s not nearly as famous as most television talking heads on mainstream U.S.
media programs…

He’s a Mexican business magnate and founder of the Mexican retail chain Elektra.

He also happens to be a historian of money...

One of Mexico’s leading hard money economists…

And here’s what he said recently:


He goes on…


Specifically, he foresees China and Russia creating a gold- and/or silver-backed currency to conduct trade.

Globally, there’s an obvious flight to hard currency.

Whatever may happen with the day-to-day price of “paper gold,” all of the physical metal, from every mine, mill and refinery in the world, has a buyer for every ounce.

That’s why the BRICS nations are all accumulating massive amounts of gold.

Look at China and Russia’s accumulations in the last few years:


That’s why I have consistently been saying gold will soar to $10,000 an ounce in the
coming months…

And in just a moment, I will show you how to protect your own money because of this explosion in gold prices…

While 99% of investors will be caught blindsided.

According to a recent report in Russia’s Sputnik News:

“In the years to come, financial markets will see a significant
devaluation of the American currency… Russia and China continue to stockpile gold in a bid to cut their economies’ dependency on the U.S. dollar in the future.


If the dollar’s role as a global reserve currency is decreased, the world will see radical political and economic transformation.”

Sergey Glazyev, a Russian politician and key Kremlin player, recently declared:

“As soon as we (Russia) and China dump the dollar, it will be the end of the U.S. military might.”

Now, you might dismiss this kind of pro-gold/anti-dollar thinking and commentary
by Russians…

In fact, it’s a stretch for most people to imagine any world in which the dollar is not king.

But look at what’s actually happening in the world...

As the current reserve currency, the dollar is the benchmark currency for all transactions around the world.

But the BRICS nations are already ditching the dollar...

Russia and China signed an agreement to trade exclusively in their own local currencies...
Germany has become China’s biggest trading partner in the world, exceeding 999 billion yuan last year…
China and Brazil have agreed to a currency swap deal to strengthen their trade ties… It will allow them to exchange local currencies between the real and the yuan…
China has also signed currency swap agreements with Australia... South Korea… Turkey... Kazakhstan... Chile... and the United Arab Emirates… leaving the U.S. dollar out of ALL
international transactions…
And the list is growing…

23 countries have created these currency swap agreements, transitioning to abandon
the dollar...

Including our allies, Germany, France, and the U.K. (!)

You might say, “Jim, who cares what they are doing… we deal in dollars in America and we are fine…”

But here’s what you might not realize…

The demise of the dollar will cost you plenty.

Let’s take, for example, one of America’s great love affairs…

Driving cars.

Title: Re: De-Dollarisation.
Post by: cufflinks on April 17, 2019, 09:51:52 PM
Continued...

According to the latest figures from the American Automobile Association, we pay around $2.21 a gallon on average in the U.S.

That’s lower than almost anywhere else in the developed world.

The Japanese pay $4.46...

Brazilians pay $4.06...

The Chinese pay $3.57…

The French pay $5.67…

The Italians pay $6.47…

Germans pay $5.69…

Why do we pay less?

Because oil is priced and purchased in our dollars...

But what happens if other countries start accepting oil payments in something other
than dollars?

The price of oil for Americans will skyrocket immediately. It will change our lives overnight.

And it’s already happening…

China imports oil from Russia, Iran and Angola priced in yuan, and those yuan are tradeable for gold.

More importantly, China may be working on a deal with Saudi Arabia to pay for oil using Chinese yuan.

When this new “world money” takes away the status of the dollar as the world’s reserve currency, it will lead to the demise of America.

The Final Flailing Of The American Empire
Can the dollar really lose its reserve currency status?

Can it end up like the Mexican peso… losing its purchasing power and becoming just
a local currency?

That’s what has happened to the pound sterling…

Technically, sterling is still included in the IMF world money reserve currency group, but it’s a very, very small portion of global reserves and global payments…

Its role has been greatly diminished.

History repeats itself...

The same fate will happen next to the U.S. dollar.

So, you see… it really matters to us.

Don’t Ignore The Truth...
All the news about countries moving away from the U.S. dollar is public information.

But the mainstream media is strangely ignoring it…

Ignore away…

But after October 18, 2019, we could wake up one morning in the midst of a massive currency crisis in which dollar values are falling and oil prices in dollars are soaring.

Remember… when a crisis of this proportion hits, stock markets react fast.

Don’t be caught in the crossfire.

It’s what happened in the 1930s…

Take a look at one of the scariest charts I have seen in a long time...


After stocks plummeted in the crash of 1929, stocks recovered and then had another correction in 1937… eight years later.

After the crash of 2008-09, stocks again had a big recovery which has reached the TEN-year mark…

What will happen next?

Well, if history is any guide, we could well have another big letdown in the stock market… exactly what happened 80 years ago.

It could certainly happen again, especially when the U.S. dollar is replaced by a new world money as the world’s reserve currency.

Most Americans Have No Clue What This Coming Power Shift Means For Their Money
Ok, let’s quickly recap…

The IMF is the most powerful organization in the world.

Right now we control the IMF through veto power.

We're the only country with this power.

But this coming power shift changes everything.

With a decision to increase the voting power being distributed...

The BRICS will match our veto power.

This gives them the leverage to convince other countries to go against U.S. interests.

The proof is there in black and white for anyone to read it.

When this happens, they'll take the final step to dethrone the dollar.

Remember… this is the #1 goal of the BRICS nations as they get more voting power.

Skyrocketing gas prices are just one result of this shift in power.

We'll lose our right to print dollars that has been keeping our economy afloat…

When that happens, all hell could break loose for Americans…

Millions of Americans will be caught off guard.

With less demand for the dollar around the globe, interest rates will explode.

Mortgages will be very, very expensive…

Instead of getting a mortgage at today’s low rates of 4%, it may soon cost you 15% or 18% or 24%.

Car loans will disappear... unless you're willing to pay 40% interest…

The record-breaking bull market we are currently experiencing will be quickly decimated… even faster than the last financial crisis.

Infrastructure projects will be scrapped as America’s credit evaporates before our eyes…

The new tax cuts will disappear as taxes soar when the government cuts all social programs like Social Security and Medicare...

Yes, our country could fall into the depths of an economic collapse the likes of which we have never experienced before.


Now, remember…

This isn’t the first time a reserve currency has changed.

Other currencies have been the world’s reserve for 80 to 110 years at a time.

And history teaches us MANY lessons.

The U.S. dollar has been officially the reserve currency of the world for the past 72 years.

But, the dollar was trading much before, since the 1920s in fact.

That would put the U.S. dollar closer to 90+ years as the reserve currency.

These cycles of about 100 years are common in history:

The ancients called it a saeculum, which represented the four seasons.

Take a look at this table:


As you can see… major negative events happen after the replacement of
a reserve currency.

Every transition was a period of great suffering… marked by economic hardships, revolutions and wars.

Will it be any different when the U.S. dollar loses its reserve status?

History gives us the clear answer of NO…

Inflation will destroy the spending power of Americans.

Think about $20 a gallon for gas, $10 for a loaf of bread.

Investment and retirement accounts will lose 90% of their value as the dollar falls…

Now, President Trump says the most important thing that will help our economy and also ease tensions in this country are more jobs...

But companies will be closing their doors as consumers only buy the necessities.

The unemployment rate could hit 25% or even higher.


Credit will come to a halt as banks close.

We will have angry and frustrated citizens that have little faith in their leaders...

Combined with a horrific economy and a reduced ability of the government to keep order.

Under those circumstances, widespread rioting and violent crime will occur.

You’ve seen what happens when a police officer acts too quickly…

You’ve seen how political tensions are ignited at rallies...

Just imagine what will happen when people lose their homes… jobs… their whole idea
of existence.

Pandemonium.


Let’s face it…

When we lose reserve currency status, it won’t be President Trump’s fault…

We have only our past politicians to blame.

Because our economy has been stagnated for so long, which has allowed the BRICS nations to become dynamic economies and strengthen their positions in the world.

So, we will lose our dominance and leverage in world affairs due to past political and
fiscal incompetence.

IT’S ALREADY TOO LATE TO CHANGE
THIS OUTCOME… BUT YOU CAN STILL PROTECT YOURSELF
How will this all end?

Will I get another call from the CIA for me to look for market anomalies like they did
after 9/11?

Will the Fed call me for advice on interest rates and monetary policy after the dollar falls?

I don’t know…

But I’m not waiting to find out.

As I said, I’m taking three steps to protect my family and our money…

I hope you do the same.

Remember: This is a done deal… locked in stone.

We’re only waiting for the official public announcement.

We can’t turn back the clock. It’s ticking…

October 18, 2019
That’s when things will begin to unravel… America and the dollar will start to lose its dominance in the world.

The government is not going to save you.


You can either be a victim and let these events happen to you… or take a few steps and take action.

I’ve given you the knowledge the mainstream media won’t give you.

What you do with this information is completely up to you.

But know this…

What you do with this information will determine how well you and your loved ones will fare in the troubled times ahead.

Will you take the steps necessary to get through this crisis in comfort and safety?

Or will you cast your lot with those who fail to prepare?

I can’t stress this enough. To protect your assets, you need to act right NOW.

I have never been more certain than anything I’ve ever come across in my 35 years in
the industry.

That's why I want to show you this chain of events so you can act to protect your money for the sake of your family… and your financial legacy.

Timing is everything, especially when it comes to your money.

Right now is the calm before the storm.

The mainstream media has yet to pick up on this...

And as far as I know, I’m the only person speaking and writing about this development.

I’ve scoured months of major newspapers… major magazines… and major TV network archives looking for the slightest mainstream reference of what I’ve just revealed to you... and guess what I found?

Zero.

Nothing.

Not a word… not a footnote… not an offhand comment or a single insinuation about it.

But when it's reported this fall, you will benefit by acting now before the panic begins.

It’s time to prepare NOW.

Here’s How You Prepare
You’ve seen all the proof behind America’s coming downgrade on the world stage…
it’s undeniable.

2019 will be the “Year of the BRICS.”


But your time to start preparing for the inevitable is TODAY.

October 18, 2019, is just around the corner...

But I assure you, once the mainstream media picks up on this story, all of the great wealth protection strategies will be spoiled and overcrowded.

And I’d hate to see you miss out.

But before we move forward and I share my best kept secrets with you, I need to know you’re committed.

So if you’re ready to gain an insider’s knowledge on this global shift of power, and the three best ways to prepare for what I see coming…

Let me show you these steps now...

Step One:
Add Gold To Your Portfolio
This is a no-brainer…

There are two very good reasons to add gold to your portfolio...

Firstly, to protect yourself from the financial fallout of the dollar’s demise…

And to cash in on gold’s inevitable rise.

Earlier, I showed you how Russia and China are buying up gold like crazy…

And every mine has a buyer for every ounce…

In economics, if demand exceeds supply, the price goes up.

That’s why I believe that $10,000 gold will soon be a reality…

Many gold experts say it could go even higher.

At my number, that’s an eight-to-one jump... a 674% gain… turning every $5,000
into $38,700!

How much should you buy?

But, what if you could own gold with a “safety net”?

That is, what if you could own both sides of the gold trade?

On the one side, you’re covered even if gold tanks for the next 18 months.

On the other, you could make up to 1,286% if it goes up.

Sounds impossible?

It’s not.

My team has discovered a unique trade that allows you to do just that.

To be clear, it’s not for everybody.

And I call it a “safety net” because you’ve got a chance to see gains regardless of whether gold goes up or down.

It doesn’t mean it’s risk-free. No investment is guaranteed.

However, we put this strategy through the paces on likely scenarios. The potential profit ranges from nice to obscene.

I’ll give you all the details inside your first bonus gift…

Including how you could see between 133% and 289% on the lower end… or sit tight for extraordinary gains as high as 1,286%.

And that’s if gold soars to only half of what I predict.

If gold hits $10,000 an ounce, as I expect… you could pocket an even bigger return.

The way I see it, you’re covered no matter what…

You’ll find all the details inside the special dossier called The Perfect Gold Trade: The Safest Way to 1,286% Gains…


But you better hurry…

Many insiders I know have got their eyes locked on this coming monetary shift.

You don’t want to be caught short once demand really takes off.

After October 18, the world’s monetary shift will begin and gold will take center stage as the dollar loses its reserve
currency status.

Gold prices are already rising and the longer you wait, the more you’ll end up paying.

That’s why I put this free report together for you.

It explores several ways to profit from gold’s rise and will help you along the way... even if you’ve never invested in precious metals before.

Now, there’s a second step you’ll want to take – this one is critical…

Step Two:
Protect Yourself As Entitlement
Programs Are At Risk
We’ve had financial busts in America every four to seven years since the beginning of
our country…

Well, our latest bull market just turned ten years old... and is still going strong.

So, it’s coming...

There is more debt now than in the financial crisis of 2008…

The “too big to fail” banks now have more risky derivatives than ever before…

Goldman Sachs is warning that the stock market has an "elevated valuation on almost
every metric."

The risk forecasting models that I use say dollar-based savings accounts and money markets alone could shed up to 80% of their purchasing power.

Your stocks could plunge 70%.

And entitlement programs like Social Security are at risk of insolvency.

That’s why I want to send you another free report to show you how to bring income in regardless of what happens to Social Security.

It’s called How to Get $1,000 or More a Month… Regardless of What Happens to Social Security.


I fully expect to see major disruptions in the Social Security program.

Which is why it’s important you find other sources of income.

Those who rely exclusively on Social Security will almost certainly end up on the breadlines.

But don’t worry.

You won’t have to be one of them.

Because I’ve found a unique way you could generate as much as $1,000 or more every month… almost effortlessly.

That might not sound like a lot…

But wouldn’t you like to have $1,000 deposited into your account every month?

Even better…

You can get started with as little as $5.50… with a click of a mouse.

Naturally, the more you invest, the more you’ll get out of this. You’d need higher stakes to hit $1,000 per month.

And no, this is not a single dividend-paying stock… not bonds… not selling puts… not rental income…

Or any other income strategy you might have heard before.

Even though most people have never heard of this opportunity…

It couldn’t be easier.

Because you can get started directly from your retirement account.

And once you “sign up,” you’ll watch that cash get deposited in your account every month.

That means just a few days from now…

You could be getting $1,000 or more deposited into your account.

I’ve put all the details inside another intelligence report called How to Get $1,000 or More a Month… Regardless of What Happens to Social Security.

It’s yours FREE.

Once you have another way to protect yourself with another income stream, I have one more step for you to take…

Step Three:
Invest In Your Own “World Money”
As I mentioned earlier, if centralized banks start replacing dollars with a new form of global currency, there is no official way for you to get your hands on it…

But it can be a big hedge against the demise of the dollar…

Consider this…

Over $5 trillion worth of money changes hands every day worldwide…

Would these buyers and sellers welcome a single type of “world money” to make those transactions easier?

Remember... At least 23 countries have already set up “currency swaps” that don’t include the U.S. dollar...

Think they are getting ready for the switch to a new form of “world money”?

The facts are clear.

You should be joining them.

The problem is you can’t officially own this new kind of “world money” yourself.

However, there is an “unofficial” way of owning it.

In fact, there are only a few people in the world who have a special link to get you started owning the new “world money.”

I’m one of them.

I have written another brand-new free report explaining exactly how it works…

It’s called The Only Way to “Own” the New World Money.


This report will show you a little-known kind of account that gives you a stake in “new money” bank reserves.

And it’s the ONLY way to get in, unless you are part of the world’s financial elite.

There are no money managers involved.

You’ll have complete control of this special “world money” account.

Not only is this “unofficial” way perfectly legal, it’s the ONLY way I know of for any private citizen to get access.

And I’ll have the complete satisfaction of knowing you’re ready to preserve your wealth – and possibly collect a fat double-digit return – ahead of the “world money” deadline.

I don’t get a commission or anything for sharing it with you. Even though I’ll show you exactly how to set up this special “world money” account, for maximum exposure to any gains.

But you’ll have complete control of this special “world money” account.

It’s that simple.

The private link I’ll give you will grant you access. I’ll give it to you… and explain how to use it… in your free copy of this additional bonus report, The Only Way to “Own” the New World Money.

The End... Fini...  Scary stuff.
Title: Re: De-Dollarisation.
Post by: Manny on April 17, 2019, 11:02:39 PM
Interesting read, Cuffy. Thanks.

Not sure about this ‘new money’ though.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 17, 2019, 11:30:59 PM
Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.
Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 09:48:33 AM
Interesting read, Cuffy. Thanks.

Not sure about this ‘new money’ though.

I got that report when I originally subscribed to Rickard's Strategic Intelligence lifetime membership -

Key Point was that the IMF SDRs are comprised of the Constituent Currencies at a particular percentage by Country/Currency:
https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR  Just the IMF SDR facts and history and spin...

https://en.wikipedia.org/wiki/EverBank

EverBank now TIAA bank creates Currency Baskets - Commodity Currencies, Safe low Debt Gov Currencies etc... - you could create an account with the Constituent Currencies in the approximate percentages in the SDR and occasionally adjust (October 2019 IMF BRICS Revolutions???) and approximate this so-called World Money account he talks about but with FDIC US Gov bailout insurance - I say bailout because at any point in Time the FDIC Obligations far exceeds its Assets and the Fed stepped in during the 08/09 fiasco and directly insured all bank accounts and all Money market accounts for $250K each...

Because of FDIC insurance and TIAA's century-old reputation for fiduciary fidelity I would pick from these:

https://www.tiaabank.com/investing/currency-cd-baskets

HTH - Forwarned is Forearmed... 

Did Jim Rickards latest FUD report rattle my cage?  Simple answer YES. Would be comparable to living in Dresden, Hamburg, London or Berlin in 1937 and standing pat in blissful ignorance and then roasting in a Dantes inferno - or like Einstein and Dietrich et.al., grabbing their portable wealth and marketable talents and moving to Princeton NJ or NYC or Hollywood and thriving and surviving.  Just saying.

For those gleeful at the forecasted collapse of the USA Economically and Politically - Ask yourself who else will buy all of the EUs and Japans Luxury products and China's cheap crap tsunami?  If the USA goes tits up what happens to Post Emire Post Brexit Britannia - the time to plan ahead is now.  Preppers do not look so whacko imnsho.  Plus the USA has plenty of nukes despite Obama's Communist Islamist efforts to disarm us and set us up for this IMF phockstorm.  Starving People with 300 Million firearms will rampage and repel borders and eliminate border jumpers.  Likely Mexico and Central America will be annexed and decriminalized - no more Chinese Communist financed Narco-Terrorists Cartels. 

With 30% USA Unemployed there will be severe resistance to continued EU and China imports which is why so many of their firms are following Japan and Koreas leads and expanding and opening factories in the USA now to make hay while the sun still shines and be seen as USA Employers perhaps the highest future protected class after the forecasted coming storms/wars.

The only bright spot is major Multinationals HQed in the USA will increase their BRICS markets penetration and mitigate the complete collapse of the USA eventually seeing their dividends and Market Caps rebound.

Buy Gold and Silver physical and royalty streams firms.

Buy Cryptos: BTC, LiteCoin, Monero, Stellar, Ripple and Cardano are my favorites.

Buy World Money Currency Baskets as described above.  Enough people request it TIAA Bank likely to create an SDR Approximate Currency Basket.

Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 10:27:52 AM
Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

Lord Afi Fee Fo Fum Gloating was anticipated and predicted like Clockwork - got to love the British inevitable air of superiority and unquenchable Ego. 

I, fortunately, have fallen into a bucket of mud and come up smelling roses even if I have to deal with a few thorns - Rickards makes a compelling case that I am taking precautions for and has far greater credentials than his self anointed highness Lord Fi.
Title: Re: De-Dollarisation.
Post by: Manny on April 18, 2019, 10:31:14 AM
Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

Didn’t the bloke tell us in the squeeze copy that it specifically wasn’t crypto currencies?

Cuffy, what is the bloke selling?
Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 10:39:34 AM
Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

Didn’t the bloke tell us in the squeeze copy that it specifically wasn’t crypto currencies?

Rickard's specifically avoided the entire Crypto bubble mania though appreciates DLT Technologies - only Crypto that passes Rickard's rigorous 7 point criteria is Stellar Lumens and only a small percentage of his speculative portion portfolio iirc much less than 5%.  Rickard's is big on Physical Gold and Silver and Mining Royalty Streams Companies and this World Money I described above along with very long term premium Dividend Companies.  Not sure what his $1K a month teaser is and do not care really as it is just a slick marketing gimmick and hook by his Publishers the Agora Publishing Inc in Baltimore. 
Title: Re: De-Dollarisation.
Post by: andrewfi on April 18, 2019, 10:43:09 AM
Cufflinks, you old cigar puffing duffer, what have I to gloat about?

I am merely curious about how much money you needed to pay to learn that your knowledge of how money worked was as flawed as you already, for free, had been told.

That you are being told to climb on board the crypto chuff chuff at the next station by buying some costly magic whoo whoo ticket is just icing on a moist, tasty, cupcake.

Of course, as often happens, those who buy their magic whoo whoo tickets late often find that the train is already full with passengers who boarded many stations earlier, that there's no seats, and the bar has sold out of any kind of booze that you'd want to drink.

I hope that you enjoy the journey and don't mind traveling by sitting on your suitcase in the corridor.

Manny, as is so often the case, the writer seeks to deceive by under-informing. The product that the author is selling is, as I recall, a form of block chain based investment vehicle being set up by some banks. So potato/potato. I confess to only having scanned the 'real' document having skipped to that rather than waste time on the wordy, information light sales letter that Cuffy copy/pasted.

It is a typical Agora sales funnel.

Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 11:08:52 AM
Cufflinks, you old cigar puffing duffer, what have I to gloat about?

I am merely curious about how much money you needed to pay to learn that your knowledge of how money worked was as flawed as you already, for free, had been told.

That you are being told to climb on board the crypto chuff chuff at the next station by buying some costly magic whoo whoo ticket is just icing on a moist, tasty, cupcake.

Of course, as often happens, those who buy their magic whoo whoo tickets late often find that the train is already full with passengers who boarded many stations earlier, that there's no seats, and the bar has sold out of any kind of booze that you'd want to drink.

I hope that you enjoy the journey and don't mind traveling by sitting on your suitcase in the corridor.

Manny, as is so often the case, the writer seeks to deceive by under-informing. The product that the author is selling is, as I recall, a form of block chain based investment vehicle being set up by some banks. So potato/potato. I confess to only having scanned the 'real' document having skipped to that rather than waste time on the wordy, information light sales letter that Cuffy copy/pasted.

It is a typical Agora sales funnel.


LOL Lord Afi you smug old stuffy punter - said with love and admiration at your ability to survive in this world as an arrogant mean old USA Hating curmudgeon - you are both correct and wrong...

Yes it is an Agora sales funnel as this is Afi's field of expertise and he detected its purpose immediately which does not invalidate the information conveyed - the essence of a great hook is the truth.  He is wrong in that it is nothing to do with DLT as Rickards current premium service is based upon an IBM AI Collaboration.  It has all to do with the world money discussion previous.  I will try to dig up the exact package he put together that he asserts he gets no affiliate revenues from - his Agora Publishing marketing machine keeps his cash flows pumping. 

Afi since your inquisitive marketing mind must know my lifetime subscription to Strategic Intelligence was iirc around $300 USD.   Basically less than a romantic NYC or Boston or Las Vegas weekend trip.

Now for a good victory cigar and errands.  I get a 10% Veterans Discount from JR the largest mailorder/online Cigar/Pipe Tobacconist and accessories in the USA... https://www.jrcigars.com/

The Nicaraguan Overruns are great bargains and the JR Alternatives much less so.  Major brand samplers are quite good too.

NBF - Nuke Boats Forever  :smokin:
Title: Re: De-Dollarisation.
Post by: andrewfi on April 18, 2019, 11:14:37 AM
So, what you are trying to say is that I was right and that you agree with me.

Cuffy, it is OK to admit that you were wrong, it is a manly thing to say that you have learned something, and you garner respect when you say thank you to those who have helped you.
Go on, give it a go.
Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 11:27:43 AM
Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

Didn’t the bloke tell us in the squeeze copy that it specifically wasn’t crypto currencies?

Cuffy, what is the bloke selling?

Manny he is selling basic subscriptions to Strategic Intelligence for $99 a year - I bought a lifetime subscription deal for $300 a year ago and then they upsell pricey private research:

Jim Rickards' Project Prophesy-Applying Intelligence Analysis for Profit
https://agorafinancial.com/publications/rit

Jim Rickards' Currency Wars Alert-Profiting from the Global Currency War
https://agorafinancial.com/publications/cwa

Jim Rickards’ Gold Speculator with Byron King-Mining Fortunes as Gold Marches To $10,000
https://agorafinancial.com/publications/rgs

Asked and Answered - these are the pricey Rickard's/Agora services I do not subscribe to as I said I fell into my own bucket of mud and am growing my own roses.
Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 11:31:57 AM
So, what you are trying to say is that I was right and that you agree with me.

Cuffy, it is OK to admit that you were wrong, it is a manly thing to say that you have learned something, and you garner respect when you say thank you to those who have helped you.
Go on, give it a go.

The relentless Afi Ego strikes again - not to mention abject laziness in not reading the posts content he now so Expertly Opines on WTF - Wherein those links is there any mention of a Crypto-DLT Banks scheme???  You should not be so jealous of Agora Publishing's success and might just consider emulating them as the Global Experts in your chosen field of endeavors.

Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 11:45:38 AM
FYI April 2019 Strat Intel Portfolio Report:

Strategic Intelligence Portfolio Update
Posted On Apr 9, 2019 By Byron King, Dan Amoss, And Frank DeVechio

Save For Later   Print  Resize Text
Frank DeVechioDear Strategic Intelligence Reader,

We hope you enjoyed your monthly briefing with Jim Rickards this morning and his discussion on the confusion going on within the Federal Reserve. Jim explained recent Fed actions and how there is a lack of direction between Fed board members as well as conflicting comments coming out of the White House on future monetary policy. Using this as a backdrop, Jim gave insight on the best way to protect your own assets from the coming volatility as markets react to the confusion.

If you missed it, don’t worry — we recorded the entire thing for you, along with a full transcription. Click here to listen to or read the recording of today’s briefing.

When you are done with that, please read below for this month’s full portfolio update with all our latest guidance. To read it, please scroll down all the way.

Have a great rest of your week.

Regards,

Frank DeVechio

Frank DeVechio
Managing editor, Rickards’ Strategic Intelligence

Your April Strategic Intelligence Portfolio Update
Dan AmossDear Strategic Intelligence Reader,

Investor sentiment has turned bullish in a remarkably short period of time. Stocks have regained most of the ground they lost from last September’s all-time high.

Is the market likely to continue rallying from here? To answer this question, I’ll share some of the commentary I recently wrote in Project Prophesy. This is a trading service in which Jim and I recommend options trades with high profit potential.

A switch from hawkish Fed policy toward neutral Fed policy has been the primary reason for this year’s stock market rally. But unless stocks fall sharply in the near term, the Fed still seems to be pretty far away from a dovish policy stance. Although the Fed has paused its rate hikes, it’s still a long way from cutting interest rates.

If we combine a still-restrictive Fed policy, a slowing economy and peaking earnings for many companies, the outlook for stocks looks bearish.

Many economic indicators are turning lower. Rail freight and trucking data are softening. Industrial production and durable goods orders are slowing. And the retail sales reports, although widely dismissed as temporary setbacks, remain surprisingly weak.

A “yield curve inversion” is a classic recession warning signal. The most cited yield curve calculation is the 10-Year U.S. Treasury yield minus the 2-Year U.S. Treasury yield.

During credit booms, banks are happy to make new loans because the interest rates on loans generally exceed the cost of funding those loans (through deposits and the like). And when banks create those loans on the asset side of their balance sheet, they simultaneously create new money supply on the liability side of their balance sheet.

A growing money supply usually means there’s plenty of money flowing through the economy, which is necessary to service outstanding debts that have been made in the past. U.S. government deficits and Fed balance sheet expansions also add to the money supply, but most of today’s money supply was loaned into existence by the banking system.

Here is a chart showing the yield curve (in green, right scale) and the U.S. M2 money supply growth rate (in blue, left scale). Notice how they tend to move in the same direction.

The M2 growth rate peaked near 10% in 2012 and has been slowing ever since. It’s now about 4%. The trend shows that banks are finding fewer attractive lending opportunities that can compensate for the rising cost of deposits. As banks’ “net interest margins” compress, they tend to get pickier about what loans they make. And as loan growth slows, money supply growth slows.

IMG 1
Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 11:46:52 AM
Continued...

The green line shows that the yield curve has been flattening since early 2014, from a peak near 2.5% to just above zero currently. That means the 10-year Treasury yield is barely higher than the 2-year yield.

The yield curve foreshadows the trend in future bank profit margins, and it doesn’t look bullish. If banks aren’t earning decent profit margins on new loans, that’s a problem for a highly indebted economy with many borrowers that must constantly refinance their loans.

So we know from history that a flattening yield curve tends to coincide with a late-cycle, peaking economy. But what does the yield curve signal about the stock market?

The chart below depicts the yield curve (green, top panel) and the S&P 500 index (blue, bottom panel). A red horizontal line separates a positive yield curve from a negative one.

Also, there are two red rectangles highlighting the worst of the 2000–02 and 2007–09 stock bear markets. During each bear market, the yield curve spiked higher as the Fed panicked and slashed overnight interest rates.

IMG 2

Here’s the most important takeaway from this chart: If you look one or two years ahead of the red rectangles that contain maximum stock market risk, you see a persistent flattening of the yield curve. Flattening yield curves coincide with peaking stocks. When a tripwire of minimum tolerable yield curve is hit, stocks start to fall rapidly.

The first phase of a bear market likely started in the fourth quarter of 2018. So unless we see a reacceleration in both money supply and corporate earnings, the 2019 rally is likely to be a bear market rally.

Near the end of a credit boom, as the yield curve flattens, banks have less incentive to make new loans. Money supply growth slows. Within a matter of months, loan defaults spike. When defaults get bad enough to threaten the banking system, the Fed panics and cuts rates.

This credit cycle has lasted an extraordinarily long time because the Fed has kept emergency-style monetary policy in place from 2008 up until it started timidly hiking rates in December 2015.

Super-easy policy has allowed an epic boom in credit — especially in corporate bonds — to hit unprecedented heights. The burden of bank debts and bond debts is as big as ever, so the U.S. economy has become less tolerant of a flat yield curve over time.

In the weeks ahead, we’ll be following first-quarter earnings closely, watching for signs of lower profit margins and higher loan loss provisions from commercial banks.

As a leading indicator, the yield curve may only be flashing yellow for the economy, which still has some momentum. But it’s flashing red for the stock market.

In the December 2015 issue, we recommended the New World Money Motif. It’s designed to deliver a return that exceeds the return of holding U.S. dollars in a bank account. To achieve this goal, it holds currencies and funds that should benefit from capital flows driven by changes in the SDR currency weightings. The biggest investment funds in the world are rebalancing portfolios to match the new SDR, which went into effect in October 2016.

In the issue posted online on Sept. 27, 2016, Jim outlined the three primary risks converging on the global financial system: excessive debt, lower productivity and the absence of central bank policy options.

We recommended buying the largest Treasury bond ETF, the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT).

TLT sold off for most of 2018 as concerns about inflation and a hawkish Fed has offset concerns about emerging markets. However, as long as emerging-market currencies and economies remain under pressure, there will be a safety bid for Treasuries. TLT has rebounded strongly since early November, and we expect its steady recovery to continue.

Hold the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT).
In our May 23, 2017, issue, Jim detailed the threats to China’s credit bubble.

To profit, we recommended buying shares of the Direxion China Bear ETF (NYSE: CHAD). Weakness in Chinese stocks and the Chinese yuan drive CHAD higher.

If trade tensions remain high, President Xi (who has ultimate control over key monetary policy decisions) might resort to an unconventional response of devaluing the yuan. A devaluation would push the value of Chinese A-shares lower in terms of U.S. dollars, which would in turn benefit the CHAD ETF.

Hold the Direxion China Bear ETF (NYSE:CHAD).
In our Sept. 22, 2017, issue, Jim detailed how the Fed risks popping the technology stock bubble under its balance sheet normalization plan.

To profit, we recommended buying the ProShares Short QQQ (NYSE: PSQ). PSQ has risen over the past month. Investors still love the theme of “FAANG” stocks, which is evident in how far they’ve bounced from last December’s lows. We see this theme as increasingly stale. Investors finally started to sour on this theme in October, so we think PSQ is ready to regain lost ground.

We recommended PSQ again in the Nov. 28, 2018, issue, as tech stocks have proven to be vulnerable to the U.S.-China trade war.

Hold the ProShares Short QQQ (NYSE:PSQ).
On Oct. 25, 2018, Jim detailed why defense stocks are an attractive area of the market. President Trump is determined to rebuild America’s military strength despite deficit concerns. The defense buildup will proceed regardless of fiscal constraints or even a U.S. recession.

We recommended Northrop Grumman (NYSE: NOC). It produces many components that go into the F-35 fighter jet. It also has a dominant position in critical defense programs including the B-21 bomber, satellites, cybersecurity and drones.

NOC is one of the few stocks that warrants substantial stock buybacks at today’s prices, because Northrop’s business is not exposed to the economy, and its backlog of orders and maintenance of key military assets guarantees a healthy future stream of earnings.

Northrop will report first-quarter earnings on April 24.

Hold your position in Northrop Grumman (NYSE:NOC).
Nomi’s Picks
In our May 23, 2017, issue, Nomi recommended Grupo Financiero Santander Mexico (NYSE: BSMX), expecting the stock to perform well as Mexico diversifies its trade ties beyond NAFTA.

BSMX is very cheap at today’s prices. It’s cheap enough to compensate for the risk of being located in Mexico.

The bank is scheduled to report first-quarter earnings on April 22.

Hold your position in Grupo Financiero Santander Mexico (NYSE:BSMX).
In our Nov. 15, 2017, issue, Nomi wrote about how elites and foreign investors have poured money into Japan’s Nikkei 225 index. The Bank of Japan will continue easy money policies for the foreseeable future, which provides support for Japanese stocks.

To profit, we recommended the WisdomTree Japan Hedged Equity Fund (NYSE: DXJ).

We expect Japanese stocks to lead global markets during “risk-on” episodes. Japanese stocks have two key structural advantages over other stocks around the world: low valuations and Japan’s extremely loose monetary policy.

Hold your position in the WisdomTree Japan Hedged Equity Fund (NYSE:DXJ).
On July 27, 2018, Nomi recommended JPMorgan Chase & Co. (NYSE: JPM), which has a dominant position in corporate lending, credit cards and mortgages.

The Fed will eventually adopt a more dovish policy. A dovish Fed means short-term interest rates would remain near a level that is very profitable for JPM, while also limiting the turmoil that’s hit many areas of the stock and bond markets.

JPMorgan will report first-quarter earnings on April 12.

Hold your position in JPMorgan Chase & Co. (NYSE:JPM).
In our Aug. 29, 2018, issue, Nomi recommended the Short MSCI Emerging Markets ETF (NYSE: EUM) as a trade to bet against emerging-market stocks. EUM returns the inverse daily return of the MSCI Emerging Markets Index.

Hold your position in the Short MSCI Emerging Markets ETF (NYSE:EUM).
On Sept. 28, 2018, Nomi discussed the status of trade negotiations between the U.S. and Canada. Nomi recommended Canadian Pacific Railway (NYSE: CP) as a strategic way to bet on Canada throughout the NAFTA negotiations.

Canadian Pacific will report first-quarter earnings on April 23.

Hold your position in Canadian Pacific Railway (NYSE:CP).
On Oct. 25, 2018, Nomi recommended Mexico’s premier cement company, Cemex (NYSE: CX). It’s heavily exposed to construction activity in Mexico, but also has strong demand and projects in the U.S. and Europe and around the world.

Cemex has been steadily improving its balance sheet. At today’s prices, the stock is cheap enough to compensate many risks and is a good play on global infrastructure spending.

Cemex will report first-quarter earnings on April 24.

Hold your position in Cemex (NYSE:CX).
In our Nov. 28, 2018, issue, Nomi recommended Nomad Foods (NYSE: NOMD), which benefits from the goals of the G-20 but is also largely insulated from trade wars. It’s a leading branded frozen food producer in Western Europe run by a shareholder-focused management team.

Nomad reported an excellent quarter in late February. Organic sales growth was 4.2%, handily beating estimates. Acquisitions are also performing well.

Hold your position in Nomad Foods (NYSE:NOMD).
On Dec. 20, 2018, Nomi detailed the excesses in the corporate bond market. The worst excesses are in the “junk” bond market (bonds issued to corporate borrowers with high credit risk).

We recommended the ProShares Short High Yield ETF (NYSE: SJB) to profit from rising fears of corporate default.

The ProShares Short High Yield ETF (NYSE:SJB) is a buy up to $23.50.
In our Jan. 29 issue, Nomi explained how the markets are reacting to worsening economic data and the easier Fed policy that is likely to follow. She recommended buying the iShares 1-3 Year Treasury Bond ETF (NASDAQ: SHY). The more markets believe the Fed will become more dovish, the more bond prices will rise and so will the SHY ETF. We expect a 7% total return in this ultra-safe ETF between early 2019 and early 2020.

The iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) is a buy up to $85 per share.
On Feb. 28, Nomi reviewed the recent surge in merger and acquisition (M&A) activity, especially in the banking sector. We recommended the iShares U.S. Regional Banks ETF (NYSE: IAT). IAT holds a diversified portfolio of bank stocks that each have a good chance of rising in response to an M&A deal announcement. Its portfolio has attractive valuation metrics relative to other areas of the U.S. stock market.

The iShares U.S. Regional Banks ETF (NYSE:IAT) is a buy up to $50.
In our March 26 issue, Nomi reviewed the boom in M&A activity. We recommended shares of SAP SE (NYSE: SAP), one of the top enterprise software companies in the world. SAP has used many cross-border M&A deals to enhance its software product lineup.

SAP stock represents great value to European investors who are confronted with unattractive alternatives like zero-yielding German 10-year bonds. If SAP is even close to hitting its long-term financial targets, the stock will likely rise 50–100%. We think SAP stock can deliver a 20–30% return over the next year.

SAP SE (NYSE:SAP) is a buy up to $118 per share.
We will continue to bring you exciting opportunities to profit from and analysis you can’t find anywhere else. Stay tuned for your next issue of Strategic Intelligence shortly, and we’ll send you a flash alert if any of our open plays require immediate action.

Now, read on for Byron’s analysis of his open positions in the portfolio.

Regards,

Dan Amoss

Dan Amoss, CFA
Senior analyst, Rickards’ Strategic Intelligence

Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 11:48:05 AM
Continued...

Byron’s Picks
Byron KingDear Strategic Intelligence Reader,

Let’s begin by looking at three elements of the global economy since the beginning of 2018: the dollar index ($USD), gold ($GOLD) and copper ($COPPER).

IMG 3

Source: StockCharts.com

Notice some key points:

The dollar began to strengthen about a year ago, in mid-April 2018. It had to do with the Fed’s affirmative approach to higher interest rates
With a stronger dollar, gold prices slid from last spring until late fall 2018
Note how in June 2018, copper prices began to crash. This was based on perceptions of a looming global economic slowdown
In the last two months of 2018, the dollar began to ease off in strength. The Fed became iffy about future interest rate hikes. We’re now entering a time when the Fed will likely not be aggressive
Note how gold prices have recovered in the past four months or so, although gold traded in a range last month. No guidance to head up, but there seems to be a floor beneath
And look at that recovery for copper since the beginning of 2019. Traders are betting that there’s more industrial growth coming down the tracks.
Conclusions…

Dollar steady as she goes; no excitement with rate hikes
Gold has a floor and could move higher in the near term
Copper signals global growth is still on the tracks.
Now, let’s review our open positions.

Physical Metal Plays:
Jim and I always recommend that you hold a stash of physical gold and silver equal to approximately 10% of your investable nest egg. For help getting your gold and silver allocation squared away, please read our Perfect Gold Portfolio report.

Meanwhile, our portfolio covers two other ways to “own” physical gold and silver: the Sprott Physical Gold Trust (NYSE: PHYS) and the Sprott Physical Silver Trust (NYSE: PSLV). These funds hold physical gold-silver on deposit at the Canadian Mint. Unlike most other “paper” gold and silver ideas, the two Sprott plays offer you a claim on actual metal, should you own a sufficient size block of shares. These are not “paper gold” plays.

Royalty Plays:
For leverage to rising gold-silver prices, we hold several royalty ideas. These are Wheaton Precious Metals (NYSE: WPM) (formerly Silver Wheaton), Sandstorm Gold (NYSE: SAND) and Osisko Gold Royalties (NYSE: OR). Here’s a chart of share price performance for all three companies for the past seven months, since September 2018, as compared with the price of gold:

IMG 4

As the chart shows, gold began to move up in mid-November, as markets anticipated the Federal Reserve (Fed) slacking off on interest rates. And what happened? Royalty plays moved up strongly!

The strong upswing for royalty guys is because they aren’t “miners.” They cash checks from miners based on the price of gold and silver. Royalty plays are among the early and best beneficiaries of rising gold prices. Jim and I have been saying that for a couple of years. The chart shows it in action.

Looking ahead, rising gold prices will benefit well-run royalty plays. So there’s still upside here, depending on when gold prices move some more.

Also note that Sandstorm has moved into the billion-dollar market cap range. It’s now wide open for major funds and institutions that have size restrictions on what they can own. Expect even more of a boost for Sandstorm.

The royalty business model is that of a “banker” to miners, versus getting one’s hands dirty with actual mining. Once a mine is up and running, the royalty model pulls cash out of the mine, mill and refinery and it goes straight to the account of the royalty holder. Thus, as metal prices rise, there’s nearly 100% flow, dollar for dollar, to the bottom line of a royalty play.

Our portfolio also includes Sprott Inc. (OTCBB: SPOXF), which is a banker to the mining industry but without the royalty angle. Sprott Inc. traded level last month. Meanwhile, Sprott pays a dividend of about 3.9%.

As I’ve discussed in previous issues of Strategic Intelligence, Sprott lends to miners, and that is pure bread and butter just now. It’s going to get better as 2019 unfolds because Sprott has money to lend and there are few other sources of capital for many mining projects, for a long list of reasons. But Sprott is cashed up.

In a rising sector, Sprott offers downside protection with a steady dividend. When more people figure out that the mining side is moving, we should see Sprott shares rise as well. It’s a well-managed banking operation and currently below our buy limit.

Mining Plays:
We hold several large-cap precious metal mining names in our portfolio: Barrick Gold (NYSE: GOLD) (Note, Barrick’s ticker symbol has changed), Newmont Mining (NYSE: NEM) and Agnico Eagle Mines (NYSE: AEM). We recently added Coeur Mining (NYSE: CDE) , Kirkland Lake Gold (NYSE: KL) and Newcrest (OTCBB: NCMGY) as well.

Here’s a chart showing the performance of Agnico, Coeur, Kirkland Lake and Newcrest since the beginning of September 2018:

IMG 5

Kirkland Lake has done quite well for us, although it pulled back in the last month with profit-taking. Based on growing output, there’s more upside, certainly in a rising gold environment.

In November we added a major nickel and platinum group metals (PGMs) producer, Norilsk (OTCBB: NILSY). It’s a Russian company and produces a large amount of the world’s nickel, plus over 40% of the globe’s PGMs.

I added Norilsk specifically due to its palladium output. And here’s a chart of palladium prices since September 2018 as compared with Norilsk.

IMG 6

As the chart shows, palladium metal prices pulled back last month, but with little effect on Norilsk.

I’m not overly concerned about palladium prices or Norilsk. Palladium is scarce because it’s a key element of automobile catalytic converters. Demand is strong and growing. There’s simply not enough palladium anywhere… except in the Norilsk mines. Meanwhile, NILSY shares pay a handsome dividend of just under 10%.

You want to be invested in well-run mining plays, especially at current, beaten-down share prices. When the upside comes — and we may be seeing the origins of it just now — Jim, Dan and I suspect that it’ll be explosive. If you’re not already invested, you’ll be chasing momentum.

For exposure to the broad precious metals sector, we also have the Sprott Gold Miners ETF (NYSE: SGDM), which holds a proportionate share of 25 top-tier global gold miners. Plus, we hold the Global X Gold Explorers ETF (NYSE: GOEX). Both of these plays did quite well in December, as gold and silver prices picked up at the end of the year.

As a general rule, when the precious metal sector does well, both of these ETFs do well. If you believe that gold-silver are headed up but don’t want to worry about stock picking, SGDM and GOEX are great ways to cover the waterfront.

We also hold one of the world’s largest uranium producers, Cameco Corp. (NYSE: CCJ). The share price has moved up in the past month, along with the spot price for yellowcake — raw uranium concentrate before refining. Shares are trading at very attractive prices.

We also hold one of the only U.S.-based uranium plays, Uranium Energy Corp. (NYSE: UEC). Its share price has roller-coastered lately but moved up in December and January. Shares remain attractive.

UEC operates low-cost mining plays using in situ recovery (ISR), which involves leaching uranium out of sandstones without the expense of mining, rock-crushing or milling. UEC offers a great business story of how to survive through a series of lean years and emerge stronger and in better form than ever. There’s great upside for UEC.

Here’s a chart of both companies over the period since September 2018:

IMG 7

There’s not much happening in the uranium space just now. Everyone in the arena awaits some sort of “event” to move things. And when uranium moves, it moves fast. You have to be on that train when it moves or you’ll be chasing momentum. In this space, we just have to stay patient.

Finally, we get into oil. It’s been quite a roller coaster in the past couple of months. Here’s the chart for Brent crude ($BRENT), a key international benchmark. Let’s look at the past four years:

IMG 8

The chart displays quite a swing since 2015. Down about 45% and then up over 60%, settling back at pretty much where we were in spring 2015 and then recently rising.

Last month I told you, “I expect that oil prices will rise in 2019. The overproduction issue is resolving. It appears that Saudi Arabia and Russia are turning down the valves; they want to goose up the oil price… because they need the money.”

And voila… Oil prices are rising. Saudi needs the money.

Meanwhile, the global oil industry is producing more than it’s discovering. Reserve ratios are scary-bad, and markets will figure it out eventually.

As for the oil names in our portfolio, we have Oceaneering International (NYSE: OII), an offshore services provider. We have a Canadian oil sand operator, Cenovus (NYSE: CVE). We have Exxon Mobil (NYSE: XOM), the world’s largest publicly traded oil company. We have offshore driller Transocean (NYSE: RIG), the largest offshore player in the industry. And we have Schlumberger (NYSE: SLB), the largest well-services provider in the industry.

If you’re already invested, stick it out. If you’re new to this sector, we see good entry points here.

At this point, oil prices are showing upside. We expect oil prices to continue rising in 2019. We own several of the very best names in the business.

Offshore and core tech plays — Oceaneering, Transocean and Schlumberger — should all move up in 2019.

Meanwhile, Cenovus has benefited from higher prices for its oil because of a recent program in Alberta to choke back overall supply and lift the price for Western Canadian oil blends, which are lower priced due to problems with pipelines. At the same time, Canadian politics are anti-pipeline, which hurts the ability to move oil from source to market.

These energy-related plays are high-quality names that offer direct exposure to the world’s most critical industry. We see here a tight, close grouping of performance charts. They all track oil prices (see oil, above). They’ll all rebound together when oil turns around.

Finally, last month we added battery-maker EnerSys (NYSE:ENS) to the portfolio. The share price dipped a bit last month, but we’re looking at a good entry point.

In general, the battery sector is moving strongly and EnerSys is a leading name. You might even have an EnerSys battery in your car, under the Odyssey brand.

Still, whatever is under your hood, EnerSys batteries are everywhere, from Navy submarines to NASA space satellites and many places in between. As with other names in our portfolio, we’re going for best in class. Over time, that’s where you want to be.

Depending on your risk tolerance, you should own one or more elements of physical metal, royalties and streams, banking to the companies, specific names, aggregate ETFs and companies that are wide-open speculation. Plus, oil plays and related energy ideas.

As gold-silver prices rise, the metal and the companies that extract it will preserve wealth in your portfolio and offer you strong upside gains. Same thing with well-run energy-related plays.

Thanks for subscribing to Strategic Intelligence.

Best wishes,

Byron King

Byron W. King
Senior geologist, Strategic Intelligence

Title: Re: De-Dollarisation.
Post by: cufflinks on April 18, 2019, 12:15:32 PM
Manny send me PM with your preferred gmail etc account and I will send you a word doc/pdfs with the Full Content including images
Title: Re: De-Dollarisation.
Post by: Markje on June 30, 2019, 02:36:44 PM
I missed this gem in March 2018:

“It seems to me that our American partners make a colossal strategic mistake, undermine confidence in the dollar as a universal, in fact, the only reserve currency for today. They undermine faith in it as in this universal tool, they really cut the branch on which they sit, ”Putin said.

https://www.tellerreport.com/news/--putin--us-undermines-confidence-in-the-dollar-.Hk1kcVz9m.html

and

https://www.rt.com/business/447915-top-states-ditching-dollar/
Title: Re: De-Dollarisation.
Post by: Wiz on March 14, 2020, 07:04:06 PM
The end of the petrodollar system?

(https://cdni.rt.com/files/2020.03/article/5e6ba5b52030274f00354eed.jpg)

In this episode of Keiser Report, Max and Stacy discuss the exponential growth in debt and dollars that preceded the pandemic sweeping through some of the world’s major economies. They discuss the oil and stock market collapses that started off the week and where this volatility might take us.

In the second half, Max interviews Professor Steve Keen, author of ‘Debunking Economics’, about how the world needs to start thinking exponentially. And fast. As the novel coronavirus spreads through major economies, most are unaccustomed to thinking in exponential terms, so will be unprepared for how quickly society will be overwhelmed by economic and health disaster.

I am sure our American friends, Cuffy, Billyb, Texan and the trolls...., will enjoy listening to this video of Keizer report and start learning something about Money.

Also they will learn why Russia is laughing all the way ..... to the Bank





 tiphat
Title: Re: De-Dollarisation.
Post by: Wiz on March 15, 2020, 02:40:54 AM
The end of the petrodollar system?

(https://cdni.rt.com/files/2020.03/article/5e6ba5b52030274f00354eed.jpg)

In this episode of Keiser Report, Max and Stacy discuss the exponential growth in debt and dollars that preceded the pandemic sweeping through some of the world’s major economies. They discuss the oil and stock market collapses that started off the week and where this volatility might take us.

In the second half, Max interviews Professor Steve Keen, author of ‘Debunking Economics’, about how the world needs to start thinking exponentially. And fast. As the novel coronavirus spreads through major economies, most are unaccustomed to thinking in exponential terms, so will be unprepared for how quickly society will be overwhelmed by economic and health disaster.

I am sure our American friends, Cuffy, Billyb, Texan and the trolls...., will enjoy listening to this video of Keizer report and start learning something about Money.

Also they will learn why Russia is laughing all the way ..... to the Bank





 tiphat

ALSO


Sorry for missing it last night!

Enjoy Watching it!

 tiphat
Title: Re: De-Dollarisation.
Post by: Texan77 on March 15, 2020, 04:27:45 AM
Wiz maybe you ought worry more about you own problem. What are you going to do when your pension is worthless? The petrodollar died a long time ago when the USA no longer needed to buy much oil. So not really worried about it. But still massive inflation will likely happen after the next recession. I have precious metals and real estate. How about you?

If I made a negative movie about the future possible failing of Russia and China it would be worse than USA and Europe. So really doubt that many Russian will be laughing all the way to the bank. Oil drops a few dollar and the Russian currency takes a dive. Not what I would call a healthy economy. Wait until something really goes wrong.
Title: Re: De-Dollarisation.
Post by: Wiz on March 15, 2020, 10:21:24 AM
Wiz maybe you ought worry more about you own problem. What are you going to do when your pension is worthless? The petrodollar died a long time ago when the USA no longer needed to buy much oil. So not really worried about it. But still massive inflation will likely happen after the next recession. I have precious metals and real estate. How about you?

If I made a negative movie about the future possible failing of Russia and China it would be worse than USA and Europe. So really doubt that many Russian will be laughing all the way to the bank. Oil drops a few dollar and the Russian currency takes a dive. Not what I would call a healthy economy. Wait until something really goes wrong.

Ever since my first visit to Florida, back in 1987, I have been amazed of the low standard of education and mentality of the American people.

When Your Gaga President Reagan created the first debt of $400 billion in the US Budget, I met in Miami a high Court Judge on the Hotel “Monaco” I was staying and I told him that despite of the size of you GDP, Reagan created a deficit, which will lead the US to it’s distraction. Well finally your great Empire is on its last legs and like a dying person you kick around till your final collapse.

May I remind you that I live in the UK and if you look up your history you will discover that during your war for independence from the GB, you won the war but the British managed to bankrupt you, so you accepted to let them run your Banking system and until today they are fcuking you Royally and the FED is under the control of the British… ask Cuffy to confirm that!

Just had a look at the exchange rates and the Pound has come back to it’s original position before the Coronavirus problem appeared.
£1 = 88.86 Rubles, £1 = 1.22 Dollars, (after the QE by FED) and also  £1 = 1.10 Euro after the QE of the ECB last week.

I must remind you that the City Of London it’s the place where most banking business go through…….and it’s bigger than your NY exchange. Most of the Foreing Cash go through there.

Imposrtant: The UK has it’s own Currency and nobody has refused to sell us their products, so I am not going to starve!

Our Gov increased my Pension for nearly 5% as from 1 st April and must not forget to tell you that I have FREE NHS and have not paid a penny for my medicine, since I became pensioner, almost 10 years ago.

As about you,  must Pay expensive Insurance to survive otherwise you will die on the streets, just look around in your town

As you decided to make your attack personal instead of commenting about the post… here is something to make you jealous.

I am married with a young wife, who not only is working for the state of UK she also takes care of me too. You from what Understand have a woman in Ukraine who have endowed her with a flat, but still live alone in the US.  You say you have some precious metals and property but I wonder if the tenants have no jobs or money to pay you what are you going to do if the recession as you say eventually arrive?

I have enough money in my accounts ……. and I can travel to Russia to live in our town flat and get food from our family’s village garden or I can go back to Greece, where I have a house that I rent, to live in the sunshine. BTW Greece produce excellent food product, very cheaply :P :party0031:

Sorry I don’t need to come to your country to survive… take care for your self!

As about your last comments about the Russian and Chinese Economies..... it's obvious YOU understand nothing about economic matters so I will not bother to teach you anything... ask the experts on the board.

FInally regarding economics..... I can assure you that I am years ahead of your knowledge .... AND YOU HAVE NOT A CLUE WHAT IS GOING ON IN YOUR OWN COUNTRY.

READ THE FOLLOWING POST on RUA FROM 2016 AND LEARN SOMETHING that I had already posted back in 2013 .......... in another site.

The Perfect Crime is the one that is Legal (https://ruadventures.com/forum/index.php/topic,26117.msg453210.html#msg453210)

(https://4.bp.blogspot.com/-knAA-FWXCVY/U6_g0K2ZIsI/AAAAAAABi1A/9OcEeijlYvM/s1600/HPA+EGKLHMAScreenshot_1.png)

 tiphat

Long reply but you asked for it....and it's Sunday...... now going to watch the Latest News from around the world.

Title: Re: De-Dollarisation.
Post by: msmoby on March 15, 2020, 11:42:33 AM
Wiz,

The GBP is WAY below were it was against the USD and Euro... This is what happens when you cut and paste - but don't understand stuff..

Title: Re: De-Dollarisation.
Post by: BillyB on March 15, 2020, 11:54:22 AM
Ever since my first visit to Florida, back in 1987, I have been amazed of the low standard of education and mentality of the American people.

When Your Gaga President Reagan created the first debt of $400 billion in the US Budget, I met in Miami a high Court Judge on the Hotel “Monaco” I was staying and I told him that despite of the size of you GDP, Reagan created a deficit, which will lead the US to it’s distraction. Well finally your great Empire is on its last legs and like a dying person you kick around till your final collapse.


33 years after 1987, America is still the healthiest nation on earth. We will lead the fight on this virus and we will help other nations in their battle to rid the virus. If we lose the ability to help other nations, expect Russia and China to expand. Is that a good thing?
Title: Re: De-Dollarisation.
Post by: Wiz on March 15, 2020, 01:35:02 PM
Ever since my first visit to Florida, back in 1987, I have been amazed of the low standard of education and mentality of the American people.

When Your Gaga President Reagan created the first debt of $400 billion in the US Budget, I met in Miami a high Court Judge on the Hotel “Monaco” I was staying and I told him that despite of the size of you GDP, Reagan created a deficit, which will lead the US to it’s distraction. Well finally your great Empire is on its last legs and like a dying person you kick around till your final collapse.


33 years after 1987, America is still the healthiest nation on earth. We will lead the fight on this virus and we will help other nations in their battle to rid the virus. If we lose the ability to help other nations, expect Russia and China to expand. Is that a good thing?

Don't forget to wear your mask when you tell us how you have beaten the coronavirus

Have a nice day!
Title: Re: De-Dollarisation.
Post by: Guile on March 15, 2020, 02:54:46 PM
Didn't Greece almost go bankrupt?  :ROFL: :ROFL:
Title: Re: De-Dollarisation.
Post by: andrewfi on March 15, 2020, 05:22:06 PM
Billyb, do you believe the words that you write or speak?
Do you believe that wishes will make dreams come true?

It has been a long time, if ever it was true, since the United States could by reasonable standards be considered to be the healthiest nation on Earth.
Title: Re: De-Dollarisation.
Post by: BillyB on March 15, 2020, 09:29:38 PM
Billyb, do you believe the words that you write or speak?
Do you believe that wishes will make dreams come true?

It has been a long time, if ever it was true, since the United States could by reasonable standards be considered to be the healthiest nation on Earth.

We are the healthiest militarily and financially although we got a lot of fat people. Yes, I believe the words I write and speak. Do you believe your words? I'll delete my signature line when the fight against COVID-19 is over.
Title: Re: De-Dollarisation.
Post by: Wiz on March 16, 2020, 01:14:14 AM
Billyb, do you believe the words that you write or speak?
Do you believe that wishes will make dreams come true?

It has been a long time, if ever it was true, since the United States could by reasonable standards be considered to be the healthiest nation on Earth.

We are the healthiest militarily and financially although we got a lot of fat people. Yes, I believe the words I write and speak. Do you believe your words? I'll delete my signature line when the fight against COVID-19 is over.

Yes we all know that your economy is based in your Defence industries......that explain the US need to invade and destroy other countries and kill many innocent people. As about your economy it's as usual a debt Buble ready to burst... $ 23 Trillion DEBT.

You must be blind....... Saudi Arabia made a move to reduce the US Fracking companies, stealing their Bussines and increased it's production of oil.........and your markets almost crashed out completely if it wasn't for the QE by the FED.

Soon or later the Fracking companies will start going bust, as they cannot compete with Saudi Arabia's $ 4 cost of production and Russians $ 7, and their balance sheets is made by Junk Bonds, Debt ! ..
Dead Ducks in the water!


Russia increased its production too and is laughing all the way to the Bank and it's selling Gold to UK.

How much REAL GOLD has the US in its vaults and why it took 2 years to return the German gold, 2-3 years ago?

Everybody can see what the Mafia US President is trying to do..... by making a huge offer to the German company for the exclusive rights......of their discovery....for a vaccine but Germany refuse to let it .......happen.

Is that your last survival plan?
Title: Re: De-Dollarisation.
Post by: andrewfi on March 16, 2020, 02:37:25 AM
So, Billyb, in a post where you were explicitly referring to health matters, you now want us to believe that your stupid, inaccurate, ill-informed, post was actually about military and financial strength?

You might be dumb, but at least be honest!

And as for financial and military strength, not sure how that equates to 'health' but neither looks particularly effective right now.
Title: Re: De-Dollarisation.
Post by: Texan77 on March 16, 2020, 05:38:23 AM
The USA dollar is in horrible shape. It has lost 40 per cent of its value since 2000. But here is the question. How did your currency do over the twenty years compared to the dollar? If it is down then you lost more than 40 per cent. How much did the pensions in your county go up over the twenty years. Here in the USA SSI went up 7 per cent meaning the SSI lost 33 per cent. Around the world countries can not afford pensions and they are being reduced thru inflation which I believe is going to get much worse in a few years. Around the world most countries can not afford health care for its aging population and we have that problem in the USA also. But saying that these problems are just a USA problem is neglecting the realities.

Last week the USA printer over a trillion dollars in one week alone. Actually I think the buying power of the dollar maybe getting ready to go up. Why because more than a trillion was destroyed in stock market decline. I think we will soon see a world wide crash in real estate which will cause even more decline on the number of dollars and other currencies in the world. Most countries will also print money to try to make up for it.  The trouble is we do not need more money we need a vaccine so all this printing money will do little to fix anything. The new money is loaned out not given away so there is more borrowed money that has to be paid back in the future.

China is over twenty per cent of its real estate vacant. It was bought as an investment but there is no one that wants to rent it. So this is a non per forming asset. If the world goes into a recession and Chinese factories have to lay off some of these non preforming assets will need to be sold as the owner maybe having a cash problem. If there is a glut of apartments on the market and prices are falling there is likely to be little building of new apartments. Nearly 40 per cent of the Chinese GDP is construction or construction related business even a small drop in it is a problem. Many of the countries between China and Africa have put of there nation wealth up as collateral on loans to pay Chinese companies to build infrastructure to be able to sell China raw materials. If China does not buy as much of these material because of a slow down in Chinese building and some of these loans are called it could create a very large problem. This is being used as a way to force these countries to be puppet governments to China. What we have among poster here is many read what is wrong with the USA with out understand the house of card that exist else where. If you think the USA is gangsters to foreign countries you really do not know how the Chinese work.
Title: Re: De-Dollarisation.
Post by: AvHdB on March 16, 2020, 06:09:48 AM
Texan sums up the reality nicely. Various members have realized and commented on the dangerous amount of government debt world wide. It is also in my opinion a weak house of cards.

The issue and fear if either the US or China economy crashes, the collateral damage will be epic. There is one small positive thing certainly in the US and I suspect in China there are large underground or black economies. To some degree they will assist in the climb out of this morass. In the Euro zone the black and even grey economy has almost entirely disappeared.
Title: Re: De-Dollarisation.
Post by: BillyB on March 16, 2020, 07:57:00 AM
So, Billyb, in a post where you were explicitly referring to health matters, you now want us to believe that your stupid, inaccurate, ill-informed, post was actually about military and financial strength?


I was responding to Wiz and his debt and GDP comment pertaining to America's economic health. You think he and I were talking about obesity and other health related issues? :'(  And you got the nerve to call me dumb? Go to a doctor and get your head examined.
Title: Re: De-Dollarisation.
Post by: Wiz on March 16, 2020, 11:25:50 AM
The USA dollar is in horrible shape. It has lost 40 per cent of its value since 2000. But here is the question. How did your currency do over the twenty years compared to the dollar? If it is down then you lost more than 40 per cent. How much did the pensions in your county go up over the twenty years. Here in the USA SSI went up 7 per cent meaning the SSI lost 33 per cent. Around the world countries can not afford pensions and they are being reduced thru inflation which I believe is going to get much worse in a few years. Around the world most countries can not afford health care for its aging population and we have that problem in the USA also. But saying that these problems are just a USA problem is neglecting the realities.

Last week the USA printer over a trillion dollars in one week alone. Actually I think the buying power of the dollar maybe getting ready to go up. Why because more than a trillion was destroyed in stock market decline.  etc

It is very clear, to me, that you copied and paste this article from somewhere and did not provided a reference.......

If I had done the same everybody would be on my back accusing me for everything under the sun.

I suggest try to write something on your own style...... of provide links to the article.

 :P

Title: Re: De-Dollarisation.
Post by: AvHdB on March 16, 2020, 12:07:52 PM
The USA dollar is in horrible shape. It has lost 40 per cent of its value since 2000. But here is the question. How did your currency do over the twenty years compared to the dollar? If it is down then you lost more than 40 per cent. How much did the pensions in your county go up over the twenty years. Here in the USA SSI went up 7 per cent meaning the SSI lost 33 per cent. Around the world countries can not afford pensions and they are being reduced thru inflation which I believe is going to get much worse in a few years. Around the world most countries can not afford health care for its aging population and we have that problem in the USA also. But saying that these problems are just a USA problem is neglecting the realities.

Last week the USA printer over a trillion dollars in one week alone. Actually I think the buying power of the dollar maybe getting ready to go up. Why because more than a trillion was destroyed in stock market decline.  etc

It is very clear, to me, that you copied and paste this article from somewhere and did not provided a reference.......

If I had done the same everybody would be on my back accusing me for everything under the sun.

I suggest try to write something on your own style...... of provide links to the article.

 :P

In fact Wiz as often is the case with your postings I had to read the article a number of times. If the above was an article posted either on line or in a print journal there would be number of refunds that need to be made; 1.) What ever spell/grammar checking software is being used. 2.) Who ever paid to read this article.

Each of us has a somewhat distinctive style of writing, bear in mind there is only ONE Natural English speaker amongst us. The post is typical of Texan's style. Think of it this way; you are looking at a painting by El Greco, it is rather hard to confuse his output with that of Vermeer.

On the other side if you copy another persons writing onto the forum than note and credit the source. It is the decent thing to do.
Title: Re: De-Dollarisation.
Post by: Wiz on March 16, 2020, 03:14:59 PM
The USA dollar is in horrible shape. It has lost 40 per cent of its value since 2000. But here is the question. How did your currency do over the twenty years compared to the dollar? If it is down then you lost more than 40 per cent. How much did the pensions in your county go up over the twenty years. Here in the USA SSI went up 7 per cent meaning the SSI lost 33 per cent. Around the world countries can not afford pensions and they are being reduced thru inflation which I believe is going to get much worse in a few years. Around the world most countries can not afford health care for its aging population and we have that problem in the USA also. But saying that these problems are just a USA problem is neglecting the realities.

Last week the USA printer over a trillion dollars in one week alone. Actually I think the buying power of the dollar maybe getting ready to go up. Why because more than a trillion was destroyed in stock market decline.  etc

It is very clear, to me, that you copied and paste this article from somewhere and did not provided a reference.......

If I had done the same everybody would be on my back accusing me for everything under the sun.

I suggest try to write something on your own style...... or provide links to the article.

 :P

In fact Wiz as often is the case with your postings I had to read the article a number of times. If the above was an article posted either on line or in a print journal there would be number of refunds that need to be made; 1.) What ever spell/grammar checking software is being used. 2.) Who ever paid to read this article.

Each of us has a somewhat distinctive style of writing, bear in mind there is only ONE Natural English speaker amongst us. The post is typical of Texan's style. Think of it this way; you are looking at a painting by El Greco, it is rather hard to confuse his output with that of Vermeer.


On the other side if you copy another persons writing onto the forum than note and credit the source. It is the decent thing to do


Already mention that twice in my post!

EL Greco.......  :laugh:
Title: Re: De-Dollarisation.
Post by: Texan77 on March 16, 2020, 04:37:24 PM
None of my post was copied from another source. It is from reading data from a number sources over the last several months. The point of the post is the USA is not the only country in the world with a problem. When we have a the next big recession it is likely to hurt everywhere. Careful what you wish for Wiz. You might get it and so much more.
Title: Re: De-Dollarisation.
Post by: Contrarian on March 16, 2020, 08:34:15 PM
None of my post was copied from another source. It is from reading data from a number sources over the last several months. The point of the post is the USA is not the only country in the world with a problem. When we have a the next big recession it is likely to hurt everywhere. Careful what you wish for Wiz. You might get it and so much more.

Exactly!  :thumbsup:
Title: Re: De-Dollarisation.
Post by: Wiz on March 17, 2020, 01:41:15 AM
None of my post was copied from another source. It is from reading data from a number sources over the last several months. The point of the post is the USA is not the only country in the world with a problem. When we have a the next big recession it is likely to hurt everywhere. Careful what you wish for Wiz. You might get it and so much more.

Obviously you have not a clue what you read, the fact that you copied the text.....does not cross your mind.... only when anybody is accusing wiz for copying somebody's text or line.........come out with force.

This is not your own text....whatever you say. Other's noticed too. :P

I have clearly understood the message of the post.... and it's happening already all over the world except in the Tiny little Monte Negro in the Balkans.

None of my post was copied from another source. It is from reading data from a number sources over the last several months. The point of the post is the USA is not the only country in the world with a problem. When we have a the next big recession it is likely to hurt everywhere. Careful what you wish for Wiz. You might get it and so much more.

Exactly!  :thumbsup:

What more can happen to me? ......My PM BoJo already told me to stay prisoner on my own home for the Next 3 months........and if it wasn't that enough....look my attached photo too!

If we believed the comment made by a Chinese Official...... it all started by the American's soldiers who took part in the Games in Wuhan...... the Coronavirus attack fits perfectly to the asymmetric trade war against China .... only thing is that  your country depends on China for it's cheap medicine and other products.!

Can your Capitalist Model survive the Corona Virus attack?

At least I have my Russian wife to take care for me, if it is necessary.... hope you do too!




Title: Re: De-Dollarisation.
Post by: msmoby on March 17, 2020, 05:54:24 AM
Back on the 'subject' ..

I'm not convinced by any of the wacko conspiracy theories as to the origins of this virus ..Given ALL economies are being hit ...

I don't see the USD, Euro, Yuan, GBP, etc.  disappearing  - but we may see one's doing better than others ..


The GBP has continued to get a 'good'kicking'
Title: Re: De-Dollarisation.
Post by: Wiz on March 17, 2020, 12:29:23 PM
More Good news today........for Texan 77  ;D




Title: Re: De-Dollarisation.
Post by: Texan77 on March 17, 2020, 01:55:58 PM
More Good news today........for Texan 77  ;D





If you remember my post I shorted the market back in late February and covered yesterday. I made a bunch of money. What did you do? How much did you make? Since you are such a world traveler and know so much I sure you did better than I did. 

These people do not understand the basics about why money's value goes in up in spite of printing. I explained that in an early post a day or to ago. The money is going up because it is being destroyed faster than they are printing it. That makes it is shorter in supply  than it was before. If the USA did not have all of this debt that would be a huge problem. The dollar would be so valuable that Europeans would have to mortgage a house to buy one dollar. No one in the USA would have a job. It would be horrible. We would be out of balance with the rest of the world which has a large debt. Our money would not lose value at the rate of 40 per cent every twenty years and everyone else's would. Believe it or not as bad as the debt is not having it would be worse.

I am waiting for next big recession. I have explained this in a number of post at different time. I have been saving money for years waiting for a good time to add to my investments. After the next big recession I think we will have a very high inflation rate that will cause most of the world's pensions to lose a lot of their value. So I will want to get out of dollars and into hard assets during that recession.

Economies have a ebb and flow. Some people call it cycles or the business cycle. The tide come in and as sure as it comes in one day it goes out. The incoming tide is the period of boom and the receding tide are going into the recessions. If you want to make money you raise money during the high tides and buy during the low tides. The low tides are very important to a successful investor or he would not get a good buy-in opportunity without them. 

Why do you spend so much time looking at RT news? It is the only news source I know of worse than CNN.
Title: Re: De-Dollarisation.
Post by: Manny on March 17, 2020, 03:41:15 PM
It is very clear, to me, that you copied and paste this article from somewhere and did not provided a reference.......

Please stop blabbering this nonsense.

His English construction isn’t good enough that it could be stolen text from any type of professionally written source. If it were stolen, a section of it pasted into Google would find you the source immediately. That you or nobody else has done that along with his construction tells us his content is original.
Title: Re: De-Dollarisation.
Post by: AvHdB on March 17, 2020, 04:14:49 PM
It is very clear, to me, that you copied and paste this article from somewhere and did not provided a reference.......

Please stop blabbering this nonsense.

His English construction isn’t good enough that it could be stolen text from any type of professionally written source. If it were stolen, a section of it pasted into Google would find you the source immediately. That you or nobody else has done that along with his construction tells us his content is original.

Up thread I said the same to Wiz, and yes I already checked. Sadly listening and understanding are not a strong part of Wiz’s skill
set.
Title: Re: De-Dollarisation.
Post by: andrewfi on March 17, 2020, 05:18:35 PM
BillyB, I know that your English is not perfect. I give you credit for trying, but to use the word 'healthiest' in the context of the discussion is hardly sensible and I still reckon that you are now backfilling.

Second, it would be hard to describe the US economy or the military as being the best (assuming that you used healthiest as a synonym for best). You might use the words 'largest' or 'most expensive' quite truthfully and accurately to describe the military. I'd be interested to see the objective criteria that would guide your opinion of the military as being the best in the world.

As for the US economy, again, healthy is not really an accurate description. You might accurately say 'second largest' but more than that would be hard to objectively say in relation to any reasonable synonyms of health.

Billyb words have meanings in both your native language and your assumed language.
Title: Re: De-Dollarisation.
Post by: BillyB on March 17, 2020, 06:51:41 PM
to use the word 'healthiest' in the context of the discussion is hardly sensible


Go to the link below to learn the definition of "Healthiest". On your keyboard, hit CTRL and the letter F at the same time and search for the word and it's examples. You'll find but not limited to thriving economy, company  as one of the ways to use the word healthiest. You simply did not understand my response to what Wiz wrote. It's best you stop digging yourself into a bigger hole.

https://www.thefreedictionary.com/healthiest
Title: Re: De-Dollarisation.
Post by: Contrarian on March 17, 2020, 07:07:59 PM

Why do you spend so much time looking at RT news? It is the only news source I know of worse than CNN.

 :ROFL:         :ROFL:          :ROFL:          tiphat
Title: Re: De-Dollarisation.
Post by: Wiz on March 17, 2020, 08:12:00 PM
Why do you spend so much time looking at RT news? It is the only news source I know of worse than CNN.

RT it's one of the morning News outlets that I check together  with British channels and also Greek TV and Radio stations.

I think I have made it clear that I have not the need to play in the Money Casino to survive or try to make more money by risking what I have saved! I prefer to enjoy my life, with my wife, travelling to places at home and mostly abroad.

As you must know, by now, I do not follow you around neither I keep track of your activities. I get easily bored reading about American politics and it appears most subjects on this  board now, are mostly talking about American politics etc.

Obviously you don't like or don't understand what Max and Tracey are talking about!

Do you know what is the total GDP of the whole world? It's approximately $36.8 trillion.

I read in the Market watch site......"Funds invested in derivatives alone total at minimum $544 trillion, and the high-end estimate is $1.2 quadrillion. In fact, there is more money in derivatives than in all the stock markets combined, which is a comparatively paltry $73 trillion."

Can you tell me where these money came from?

Don't forget to include the $23 Trillion National Debt of the USA.


It is very clear, to me, that you copied and paste this article from somewhere and did not provided a reference.......

Please stop blabbering this nonsense.
If you think I am blabbering nonsense, I suggest you search and check as it is easy to make small changes to somebody else text.......

Up thread I said the same to Wiz, and yes I already checked. Sadly listening and understanding are not a strong part of Wiz’s skill set.
Obviously you don't like me ignoring you and your posts!  :dh:

 :coffeeread:

 
Title: Re: De-Dollarisation.
Post by: Wiz on March 18, 2020, 08:34:08 AM
Texan 77

Here is another educational video for you to understand and learn economics.....with the help of a Russian presenter, FROM MY FAVORITE STATION.....RT  :laugh:

Coronavirus Markets Plunge | Prepare for global recession?


HAVE A NICE DAY !
Title: Re: De-Dollarisation.
Post by: cufflinks on March 18, 2020, 02:35:00 PM
This ought to warm the barnacles on Wizzbangers ballz...

Peter Schiff loses his phocking mind...  bet he has been taking lots of client calls

Peter Schiff: The Real Crash Is Here


Basically the Coronavirus Pin has Popped the Big Bubble and we may crash all the way to the 2008 lows...

Says we are getting close to HYPERINFLATION and you need to be in Assets like fast-growing emerging country socks and some Gold and Select Gold Miners/Gold Stream Cos.



Ooops he says he is not a short seller so he and his clients are actually being hammered as the air bangs out this bubble...


Title: Re: De-Dollarisation...anything but at the mo..
Post by: msmoby on March 18, 2020, 04:29:41 PM
Our beloved Starling is tanking as it is abandoned for the Greenback .... just one of many currencies being dumped for the USD..

It that would should be happening, 'De-Dollarisation advocates' ... ?

Title: Re: De-Dollarisation.
Post by: Texan77 on March 18, 2020, 07:23:50 PM
Texan 77

Here is another educational video for you to understand and learn economics.....with the help of a Russian presenter, FROM MY FAVORITE STATION.....RT  :laugh:

Coronavirus Markets Plunge | Prepare for global recession?


HAVE A NICE DAY !

Yes I use all of this to make money. I need market to collapse from time to time to give me a chance to add to my investments. You can be dumb and buy market tops or you can buy at market bottoms. These markets have had cycles for thousand of years. This guy fails to mention that China uses this same system and had the same problem responding to the virus early when it had a chance to be controlled. In about six months the real estate bubble will start to pop. It might take two or three years to bottom. Gold bubble has started to pop also. Wow what opportunities!!!  The guy is right. It will not matter where you are in the world there is likely to be massive inflation after the bottom is reached. Pensions will be inflated away. Health care world wide will likely have problems taking care of the very many elderly. China is very likely not to be an exception in fact they maybe the biggest bubble of all. 

Have a nice day
Title: Re: De-Dollarisation.
Post by: Wiz on March 18, 2020, 10:39:59 PM
This ought to warm the barnacles on Wizzbangers ballz...

Peter Schiff loses his phocking mind... 
bet he has been taking lots of client calls..



Basically the Coronavirus Pin has Popped the "Big Bubble"
(he means the USA Empire) and we may crash  all the way to the 2008 lows

I must say that it must have taken you a lot of courage to admit and post this video
 admitting that all I was posting was right! (Not my own but right Ideas)
I bet you must have lost your phocking mind realising the truth!
Well done! tiphat
Title: Re: De-Dollarisation.
Post by: Wiz on March 19, 2020, 12:03:06 AM
Texan 77

Here is another educational video for you to understand and learn economics.....with the help of a Russian presenter, FROM MY FAVORITE STATION.....RT  :laugh:

Coronavirus Markets Plunge | Prepare for global recession?


HAVE A NICE DAY !

Yes I use all of this to make money. I need market to collapse from time to time to give me a chance to add to my investments. You can be dumb and buy market tops or you can buy at market bottoms. These markets have had cycles for thousand of years. This guy fails to mention that China uses this same system and had the same problem responding to the virus early when it had a chance to be controlled. In about six months the real estate bubble will start to pop. It might take two or three years to bottom. Gold bubble has started to pop also. Wow what opportunities!!!  The guy is right. It will not matter where you are in the world there is likely to be massive inflation after the bottom is reached. Pensions will be inflated away. Health care world wide will likely have problems taking care of the very many elderly. China is very likely not to be an exception in fact they maybe the biggest bubble of all. 

Have a nice day

You may like listening to crap advice and propaganda about markets and that bull.

As I have told you I follow a certain habit and listen to various channels and at the end I make up my own mind. If I see and read something interesting.......I post it!

China has been under a constant financial and other attacks by your Fading Empire for long time but clever Chinese kept low profile, quietly invaded and have taken over almost every country's cheap products markets on the world.

Whoever decided to Bio Attack of the Coronavirus on China it has backfired........ China because of its Monolithic Political system.......Shutted down huge parts in the country and if you look the results it has managed to bring everything under their control. Their infection and death numbers going down fast.......

I read yesterday that already is sending by air.....help, Mask supplies to Italy and Iran and other protective products.

Russia has already been dumping US debt ($Dollars) and was buying gold instead and now Putin is laughing all the way to the Bank. And I ask you what would happens to US if China decides to dump the nearly $ 500 billion reserves it is holding?

(https://i.insider.com/5b55981667627a2d008b458a?width=1100&format=jpeg&auto=webp)

I have already told you that Usa Hardly has any Gold reserves.........and that is what Peter Schiff is talking mostly  in the video posted by Cuffy.

Let me tell you a little story........ during the 80's I had a good friend who was working in the City of London........and one evening eating in my house......he mention to me that would be a good idea if I can afford to spare some £ cash to buy some Penny shares....on some new company....

Next day I asked my bank to buy £1000 of that company ... price 12 pennies....for several months I was looking the price but it was not moving and forgot all about it! 2 Year Later my friend asked me if I have those shares... it's time to sell .... I did and were sold for £ 1. 15 pence....basically 100% over, so I learned my lesson .....

Wish you luck but I suggest don't underestimate other people.

Have a nice Day.

Title: Re: De-Dollarisation.
Post by: Texan77 on March 19, 2020, 01:21:17 PM
Here Wiz this is how business really works in the west. I am glade to see you were able to use it to your benefit once.

You and a friend put up a hundred each. With the money we buy two cows and form a publicly listed company. You borrow 80% of the forward value of the two cows from your bank, then buy three more cows with 5% down and the rest financed by the seller on a note, bearing interest at twice the prime, callable if the market cap of your publicly listed company, whose stock you put up as collateral, goes below $20 billion. You sell the cows to your publicly listed company, using letters of credit opened by your brother-in-law at a second bank, then execute a debt/equity swap with an associated unit, so that you get Twelve cows back, plus a tax exemption for fifteen more cows. You pay the CEO and CFO millions in stock options because of your fast growth rate.
 
 To continue: The milk rights of twenty nine cows are transferred via an intermediary to a Cayman Islands firm secretly owned by a majority shareholder, who sells the rights to thirty eight cows back to your listed company. The annual report trumpets that the company owns sixty cows, with an option on thirty more. All of the above transactions are cheerfully blessed by your independent auditors, who, of course, served as consultants on said transactions, but only after the fact.

Then you give a news release saying that you are expecting an earning increase because of selling manure rights. What you do not say it is to a partnership fully owned by the CFO and a couple of his friends and the company is given them the options on milk, which the company does not own, that amounts to paying them for every piece of mature they take. Of course you never make note of the option on the milk in your annual report.

 You're all set now to disclose, via press release and conference call with analysts, that You, a major owner of cows and have set up a cow trading floor, will begin trading cows futures over the Web. Analysts proclaim that, "E Cow" with a growth rate of 9,000% is a New Economy company, and the shares bolt up ward in spite of loans that far exceed your asset's value, enabling you to sell huge amounts of the stock and sell options on thousands of cows.

 Now you restrict the milk flow to California causing major confusing and become the object of a criminal probe. After increasing your campaign contributions it is prove you had nothing to do with the high price of milk in California that the company just got “lucky” and was able to profit and had a duty to its shares holders to try to profit.  Then use the proceeds to loan corporate executives huge sums of money and buy the best paper shredders.

Wiz maybe you want to put up a hundred dollars and buy a cow. All these people you follow are the bull crap you complain about. With all this hate and negative fake propaganda you belive it can not be a good life. This cow example is closer to being real than most of the stuff you believe in. Notice how you single out one country and I see it from the prospective of the world as a whole. What your looking at is not a usa problem. I wonder where Putin is getting the money for these lower oil prices? Maybe he taking it from the Russian pension fund.
Title: Re: De-Dollarisation is ongoing
Post by: Manny on March 19, 2020, 04:12:12 PM
Our beloved Starling is tanking as it is abandoned for the Greenback .... just one of many currencies being dumped for the USD..

It that would should be happening, 'De-Dollarisation advocates' ... ?

A blip due to knee jerk reactions in the market.

Sensible people like me started listing on US eBay in dollars again. Convert those greenbacks back into proper money while it lasts.

On the flip side, I need to delay some payments into China till it moves again. Or better still, explain (again) to our Chinese friends that the dollar is so volatile we cannot use it. So we will have to use a more stable currency - like their own.

[attachimg=1 width=300]

Every cloud.......
Title: Re: De-Dollarisation.
Post by: Wiz on March 19, 2020, 05:44:02 PM
Here Wiz this is how business really works in the west. I am glade to see you were able to use it to your benefit once.

BLAH BLAH BLAH....... removed for saving space and ink........

Wiz maybe you want to put up a hundred dollars and buy a cow. All these people you follow are the bull crap you complain about. With all this hate and negative fake propaganda you belive it can not be a good life. This cow example is closer to being real than most of the stuff you believe in. Notice how you single out one country and I see it from the prospective of the world as a whole. What your looking at is not a usa problem. I wonder where Putin is getting the money for these lower oil prices? Maybe he taking it from the Russian pension fund.

Thank you for the effort to educate me on how a big bubble of debt is created by the Casino players, gamblers and devious scammers with the help of the Capitalist system.

[attachimg=1]

The fact of the matter is that you don’t produce anything of REAL value other than Debt and one day the Bubble burst and who ever joined your pyramid scheme….. last, is the looser.

Your American economy was very innovative, productive and insular until the WWII, when you found the opportunity to expand to Europe and take over the British colonies and Gold as payment for your services.

When the WWII war finished and Germany signed it’s capitulation, it become your colony until the 2099 and you have 40 bases there……
As I have posted in one old post of mine  BERLIN IS WASHINGTON'S VASSAL UNTIL 2099? (https://ruadventures.com/forum/index.php/topic,27597.msg486763.html#msg486763[/color)

Ever since your economy has been based in your defence industry and you have invaded too many countries..........and millions have lost their life from your charitable bombs. Now you also use Sanctions to destroy other countries who don't follow and submit to your orders.

Today the US produce very few expensive products and China has taken over the production of cheap products.

Now the Bubble has burst and you continue flooding the market QE with Dollars from the FED… toilet paper with not real value. Unfortunately for you the Markets continue the downwards direction and who knows where it will stop.

Your Mafia President is desperate to find a vaccine for the corona virus to help him revive your lost ground……Don’t forget it’s election year and the American’s will vote for him…. but your debt expands exponentially. 

Don’t worry about the Russians and the payments of their pensions……Russia has many natural resources to sell and their Budget is well taken care of……actually where do you think they found all these Dollars to buy all that Gold, a commodity which you do not have……. You have only deratives……….and a lot of hot air.

The British Empire lasted many centuries…… but yours was only a passing cloud…..of 75 years. Hold tight!
Title: Re: De-Dollarisation isn't happening - wake up !
Post by: msmoby on March 20, 2020, 12:56:37 AM
Our beloved Sterling is tanking as it is abandoned for the Greenback .... just one of many currencies being dumped for the USD..


Is that would should be happening, 'De-Dollarisation advocates' ... ?



A blip due to knee jerk reactions in the market.

 :ROFL:

The 'blip' is because the USD is seen as a stronger currency - and please note I referred to not just the GBP - but a basket of currencies ..


Face it ... you're an advocate of 'de-dollarisation' and this crisis has JUST demonstrated you've just been WRONG all along ...



Sensible people like me ...


Don't advocate daftness on wishful thinking that ain't happening ..   
Title: Re: De-Dollarisation isn't happening - wake up !
Post by: Manny on March 20, 2020, 10:09:37 AM
Face it ... you're an advocate of 'de-dollarisation' and this crisis has JUST demonstrated you've just been WRONG all along ...

Currencies are not fixed things, Mystic. They ebb and flow. You miss the point of de-dollarisation or how it works.

Perhaps go and read the article linked in post one and stop being daft and wasting e-ink.
Title: De-Dollarisation isn't happening - wake up !
Post by: 2tallbill on March 20, 2020, 11:15:52 AM
Currencies are not fixed things, Mystic. They ebb and flow. You miss the point of de-dollarisation or how it works.

That is exactly why the dollar is king.

Nobody needs the dollar to buy anything that will be delivered
today. It's for things to be delivered at some point in the future
that so many transactions are in dollars.

Your point of Russia and China buying and selling oil without dollars
(in your early posts) proves that you don't understand the dynamic.
China makes a deal with Russia to buy oil far in advance and make
the exchange without using dollars however NOW that the price of
oil tanked they renege on the deal. 

If the price shot up through the roof, then Russia reneges on the deal.
There is no need to have dollars involved if neither side was going to
honor the original deal.

Dollars are needed for parties in honest trade for deals that are going
to be consummated in the future. If they used Swiss Francs instead I
would lose zero sleep.

You come to this thread when you feel like a little 'Merican bashing.
If I cared, I would have participated more.

Title: Re: De-Dollarisation.
Post by: Wiz on March 20, 2020, 11:38:51 AM
(https://thumbs.dreamstime.com/z/dollars-as-toilet-paper-isolated-white-background-d-render-35281597.jpg)

 ;D
Title: Re: De-Dollarisation isn't happening - wake up !
Post by: msmoby on March 20, 2020, 12:03:29 PM

Face it ... you're an advocate of 'de-dollarisation' and this crisis has JUST demonstrated you've just been WRONG all along ...


Currencies are not fixed things, Mystic. They ebb and flow. You miss the point of de-dollarisation or how it works.

)) So, the markets are all wrong and 'manipulated'?

Perhaps go and read the article linked in post one and stop being daft and wasting e-ink.

Once again, the article is Tosh...  the current situation demonstrates that you should pay less attention to wishful thinking..
Title: Re: De-Dollarisation.
Post by: Texan77 on March 20, 2020, 04:26:20 PM
If dollars were really going to lose a lot of value or hyper inflation I would make money from that. Personally it is not a problem for me. If the economy crashed this is not a problem for me neither. The trouble with you guys you believe a false narrative and do not put thing in place in the environment of the world then you always come up with the wrong out come. You are not reading investment advice but rather anti USA propaganda.

Peter Shift is someone I read over fifteen years ago. For fifteen years he has always been wrong. The end of the dollar and a bunch of facts like the ones posted on this site have existed for over fifty years. If you going to use that to try to make money you better have a few life times to invest. China does not wants to destroy the dollar they supports it every time it gets weak. They do not want a weak dollar. They would not be able to sell in the USA and they need the money. If you really knew anything you would know they badly need the money.

The trouble if the dollar keeps being too strong for the USA to grow as well as it could. If all the things you point to and claim this is why the USA will not survive did not exist it would be worse. We actually need people to stop using the dollar so much as it would let the country grow faster and regain its manufacturing. Trump has tried everything to kill the dollar and so far it still has not work.  Now he is trying to print a trillion dollars a week. I do not know how long this will last but it seem Europe is doing just about the same thing. Who know what is happening in China but what ever it is they will see to they spend/print enough that the dollar does not go down.
Title: Re: De-Dollarisation.
Post by: Texan77 on July 12, 2020, 07:40:09 AM
de dollarization not happening.  China wanted to replace the dollar with their currency.  The trouble with this in order to do that you have to let enough of your currency out of the country to conduct trade with. China was losing too much wealth, so they started currency controls making it hard to get enough currency out of the country to conduct trade with. Transaction in Chinese currency is in decline and trade in dollars is increasing. Of course, the currency war is not over with. China is going to de couple their from the dollar to start a new war against the dollar. My guess is they are going to try force the value of the dollar higher.
Title: Re: De-Dollarisation.
Post by: msmoby on August 01, 2020, 04:33:29 AM
Dollarisation is happening ..in Cuba

Short of hard currency, shops have opened to allow those with Dollars, Euros to buy fresh produce

Cards are welcome, but ( of course ) US one's won't work
Title: Re: De-Dollarisation.
Post by: Manny on May 09, 2021, 08:54:23 AM
This from the Southbank Research (https://www.southbankresearch.com/) newsletter I subscribe to:

Another $8.5 billion behind China's plan to topple the dollar

 "There cannot be two suns in the sky, nor two emperors on earth."
- Confucius

   
Today, officially, China denies any plan to dethrone the dollar as the world's reserve currency.

And I know from past issues that the theory about China which I'm advancing today will be controversial.

The last time I wrote about China, my inbox was as full of reader reactions as it has ever been.

A few were in agreement, but many pushed back.

"China's global dominance is inevitable," read one.

"Western democracies have created their own exponential decay as the individual's "right to this, that and the other" is now seen as more important than the benefit of social responsibility to the wider society in which we/they live. The level of selfishness reached is certainly unmatched in more than a century."

Another note asked me, "Have you been to China? It is a large friendly country with so much to see and they have even opened up the Muslim areas to tourists without a special visa and no restrictions."

And a few notes acknowledged China's meteoric rise - but welcomed it whole-heartedly.

Said one reader:

Quote
I finally visited in early 2019 and was truly gobsmacked by the place. If I was a member of the general public and had a free vote in an election there, why would I not vote for the Communist Party?

The standard of living there has increased exponentially in the last thirty years. It is not a developing economy. We travelled by an immaculate bullet train from Qingdao, a fishing village [sic] that hosted the Olympic sailing in 2008. It has a population of around 6 million. We travelled to Tianjin, the port of Beijing, in four hours - it has a population of 14 million. On the way we passed through four other 10 million population cities. All these cities had mega highways and hundreds of newly built skyscrapers.

In Qingdao I went into the most opulent shopping mall I have ever been into in my life. They have embraced capitalism and the consumer economy totally. The women were leaving with armfuls of shopping bags filled with designer goods.

The country has its pluses and minuses, as a tourist we used cash, but that is almost unheard of for the public. Everything is paid for via your phone: they are way ahead of us. A marvelous way to monitor who is paying whom to do what?

However, you cannot deny its organisational and logistic abilities.

   
It's true that China has a long view of the world - maybe much longer than even this reader suspects.

And it's undeniably true that China has made enormous industrial and economic strides over the last decades (though some of this progress has come from stolen technology).

Michael Pillsbury is one of the US government's leading experts on China.

A fluent Mandarin speaker who has worked in national security since the days of President Nixon, he has interviewed Chinese defectors, as well as officials about China's true intentions on the world stage.

And in 2015 he published a book called Hundred-Year Marathon: China's Secret Strategy to Replace the US as the Global Superpower.

In it, he describes the 36 Stratagems, an essay from ancient Chinese folklore, and how one rule has shaped Chinese foreign policy.

It is translated as "cross the sea in full view". Or, more colloquially, "hide in plain sight".

His point is that there's nothing subtle about China's moves and ambitions - even with deception is the foundation of its foreign policy.

Every US president until and except Donald Trump has worked to facilitate China's rise, even urging the economic strengthening of China in official policy. The US government has willingly handed over technology to help China's industrialisation over the years (and as Pillsbury notes, much of what they weren't willing to give, China stole).

The international drive to strengthen China went well beyond US foreign policy. In 1982, World Bank executives meeting with then paramount leader Deng Xiaoping secretly agreed to set up a team of economists to study China for ways and recommendations of how China could catch up to the US.

China's plan to re-establish dominance (for centuries, it was the world's largest economy) is a long-term project (hence the "Hundred-Year Marathon").

But in the short term, the Red Dragon has indeed made some drastic progress......

Exports in dollar terms jumped 32.3% in April, soundly beating analysts' estimates. That's a strong boost to China's already record 18.3% economic expansion from January to March.

This kind of progress grabs headlines, and rightly so.

But in the context of a hundred-year plan, these quarterly triumphs actually aren't so significant.

Keep in mind, China's ascendance won't be linear. It will have fits and starts, periods of acceleration and occasional setbacks.

And it may also be marked by one serious coup - the end of the dollar's reserve currency status in the world.

Taking aim at the dollar

Last month, China gave domestic and international banks the green light to move vast amounts of gold into the country.

Now, China was already the world's biggest gold consumer. But this move is expected to bring in an extra 150 tonnes, or $8.5 billion worth of gold.

The People's Bank of China refused to comment on the decision. And just days later, the central bank's deputy governor, Li Bo, assured a panel that China has no intention of dethroning the dollar as a reserve currency.

If you believe that, then the urgent "Gold Summit" we're hosting this Monday isn't for you.

But if you want to know the truth about China's plan to replace the dollar as the world's reserve currency, you can immediately sign up for the briefing by six precious metals experts here.

Keep in mind - China's new appetite for gold is very bullish for the yellow metal.

But that's not the biggest development our panel of six gold experts is tracking - not by a long shot.

Could gold really hit $10,000? And how much money could you potentially stand to make if it does?
Title: Re: De-Dollarisation.
Post by: andrewfi on May 09, 2021, 09:21:45 AM
 Hmmm...
I am pretty sure that China does not want their national currency to supplant the US dollar as an international currency.

There are sound economic reasons why that should be true.

However, reducing the volume of trade, and thus the reserve status of the dollar with 'something else' makes a lot of sense. There's lots of good reasons why that's likely to be true.

Reserve currencies are handy when using national currencies is slow, expensive and opaque. However, when transactions can be fast, cheap and transparent there's no need to have a national currency used as a reserve currency.

Technology is the key and here China is clearly a leader in this field. The 'something else' might carry a Chinese brand or it might not but I am sure that it will carry the Chinese blessing and have Chinese technological underpinning.
Title: Re: De-Dollarisation.
Post by: Contrarian on May 09, 2021, 11:33:49 AM
This:

"Western democracies have created their own exponential decay as the individual's "right to this, that and the other" is now seen as more important than the benefit of social responsibility to the wider society in which we/they live. The level of selfishness reached is certainly unmatched in more than a century."

It will be the undoing of the USA and it is deliberate.

The same people who destroyed Russia for their "vision" of a better society are trying to destroy the USA.

White people are the backbone of the USA, we built the country from the ground up, and without us the country will descend into anarchy, lawlessness and total destruction.

Yet they are attempting to blame white people and attempting to steal our achievements with their usual larceny and deception.

It won't end well if they are able to get more power.
Title: Re: De-Dollarisation.
Post by: Gipsy on May 09, 2021, 01:32:02 PM
This:

"Western democracies have created their own exponential decay as the individual's "right to this, that and the other" is now seen as more important than the benefit of social responsibility to the wider society in which we/they live. The level of selfishness reached is certainly unmatched in more than a century."

It will be the undoing of the USA and it is deliberate.

The same people who destroyed Russia for their "vision" of a better society are trying to destroy the USA.

White people are the backbone of the USA, we built the country from the ground up, and without us the country will descend into anarchy, lawlessness and total destruction.

Yet they are attempting to blame white people and attempting to steal our achievements with their usual larceny and deception.

It won't end well if they are able to get more power.

South Africa and Rhodesia are/were prime examples I would suggest..
Title: Re: De-Dollarisation.
Post by: Contrarian on May 09, 2021, 02:06:28 PM
This:

"Western democracies have created their own exponential decay as the individual's "right to this, that and the other" is now seen as more important than the benefit of social responsibility to the wider society in which we/they live. The level of selfishness reached is certainly unmatched in more than a century."

It will be the undoing of the USA and it is deliberate.

The same people who destroyed Russia for their "vision" of a better society are trying to destroy the USA.

White people are the backbone of the USA, we built the country from the ground up, and without us the country will descend into anarchy, lawlessness and total destruction.

Yet they are attempting to blame white people and attempting to steal our achievements with their usual larceny and deception.

It won't end well if they are able to get more power.

South Africa and Rhodesia are/were prime examples I would suggest..


https://thefederalist.com/2019/09/17/dictator-robert-mugabe-is-what-happens-when-a-country-falls-for-charismatic-socialist/
Title: Re: De-Dollarisation.
Post by: Wiz on June 05, 2021, 03:55:53 AM
Going for gold
Russia to eliminate US dollar from sovereign wealth fund
THIS MONTH amid warning of politics sabotaging currency

Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday.
Anton Siluanov said that the National Wealth Fund would reduce its share of dollars to zero within the next month. Speaking as part of the St. Petersburg International Economic Forum, he said that the process would be “fast enough” and would mirror a similar move by the country’s central bank to reduce assets held in American currency.

Under the plans, the proportion of dollars in the fund will fall from 35% to zero, while assets held in euro and the Chinese yuan will increase to 40% and 30%, respectively. The share of the British pound will halve, from 10% to 5%, while the investment vehicle will buy into gold for the first time, with 20% of its assets to be hedged on the precious metal.

(https://cdni.rt.com/files/2021.06/l/60b8ccfd2030270dfe72af48.jpg)

READ MORE: https://on.rt.com/b9j5
Title: Re: De-Dollarisation.
Post by: Contrarian on June 05, 2021, 08:50:42 AM
Going for gold
Russia to eliminate US dollar from sovereign wealth fund
THIS MONTH amid warning of politics sabotaging currency

Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday.
Anton Siluanov said that the National Wealth Fund would reduce its share of dollars to zero within the next month. Speaking as part of the St. Petersburg International Economic Forum, he said that the process would be “fast enough” and would mirror a similar move by the country’s central bank to reduce assets held in American currency.

Under the plans, the proportion of dollars in the fund will fall from 35% to zero, while assets held in euro and the Chinese yuan will increase to 40% and 30%, respectively. The share of the British pound will halve, from 10% to 5%, while the investment vehicle will buy into gold for the first time, with 20% of its assets to be hedged on the precious metal.

(https://cdni.rt.com/files/2021.06/l/60b8ccfd2030270dfe72af48.jpg)

READ MORE: https://on.rt.com/b9j5

Not too sure its a good idea for Russia to do this.

I don't think they can win some sort of tit for tat currency war with the USA and the bank of London.
Title: Re: De-Dollarisation.
Post by: Wiz on June 05, 2021, 11:13:11 AM
Not too sure its a good idea for Russia to do this.

I don't think they can win some sort of tit for tat currency war with the USA and the bank of London.

I don't think you are an economist or a Bankster, ....... neither me .... but I know somebody who has a Master's Degree from the London School of Economics and has been working for a large bank in the city of London for over of 20 years......and he told me a very different story!

1) The bank of Russia is not controlled by the Rothschilds any more unlike the FED!

2) I suggest you check to find out what is the external Debt of the Russian Economy and also how much are its Gold reserves.

3) Just do the same about USA and you will be surprised to the amount of depth that China and Russia are holding together. Russia is holding around 500 Billion Dollars but China is holding Around 5 Trillions USA Governement Bonds......

4) Are you aware that ARAMCO of Saudi Arabia, has sold a controlling part to China lately.....because of it huge debts and will not provide enough support  to your Dollar World Reserve Currency.... from now on.

5) Finally if China and Russia act together and China Off load the 5 + Trillion Dollar Governments debt of USA, do you think EU or the UK will come to your rescue?

BTW Russia and China have already in place a system similar to SWIFT that your Alzheimer president who falls down the steps of his plane, ha has been threatening  Putin that he will cut Russia out!....

Wait till their meeting on the 17 June.... and see what he is going to do and with what benefits he will come back home.......

He has already resign attacking Russia regarding the "North Stream No 2" and it's almost finished and soon will provide Russia with Extra EURO profits and Reserves.....

Sorry my friend but America cannot survive without the Chinese Cheap labour!

From now on China is the biggest economy on the world..

 tiphat
Title: Re: De-Dollarisation.
Post by: Gipsy on June 06, 2021, 01:05:42 AM
To clarify a little, The Russian wealth fund currently holds around 195 billion dollars (in value) funds, of which, it is a mix of currencies with the actual dollar holdings being about 45 million.
At this time, the dollar - Rouble exchange rate is at around 1-73, and falling as the Rouble is again strengthening.
Common sense tells us that selling off the dollar at this time is a better alternative to keeping hold, and possible losing as the ex-rate declines.
Recently, Law's were modified to allow the fund to invest some of its holdings in gold, as it was not allowed to hold any precious metals in the past, now it can invest in up to 20% of said holdings into gold etc.
It seems therefore, a logical step for the fund to divest its portfolio in such a manner.
Its holdings of Euro (which has remained fairly stable against the Rouble) and the yuan which although not so stable, but is slowly strengthening will be increased, whilst the Yen, GBP, and Swiss francs will all be limited to around 5% each of the fund.
The changes will be made through the CBR, i.e., the CBR will take the dollars and exchange them for gold, Euro etc. it does not mean that the CBR will dump all/any of the forex immediately.
Btw, the wealth fund, and the direct investment fund are all held in the CBR, as separate funds.
HTH
Title: Re: De-Dollarisation.
Post by: Wiz on June 06, 2021, 03:15:14 AM
Gipsy

Can you tell us what the Bottom line is?


PS: And when you have a minute ...... take a look at this:

very different story but have some long connection!

Look what the American's around here are talking about!

Is the USA headed to Civil War?

ALL BIG EMPIRES ARE GOING UP AND THEN.......DOWN!



  tiphat
Title: Re: De-Dollarisation.
Post by: Gipsy on June 06, 2021, 06:16:24 AM
To clarify a little, The Russian wealth fund currently holds around 195 billion dollars (in value) funds, of which, it is a mix of currencies with the actual dollar holdings being about 45 million.
At this time, the dollar - Rouble exchange rate is at around 1-73, and falling as the Rouble is again strengthening.
Common sense tells us that selling off the dollar at this time is a better alternative to keeping hold, and possible losing as the ex-rate declines.
Recently, Law's were modified to allow the fund to invest some of its holdings in gold, as it was not allowed to hold any precious metals in the past, now it can invest in up to 20% of said holdings into gold etc.
It seems therefore, a logical step for the fund to divest its portfolio in such a manner.
Its holdings of Euro (which has remained fairly stable against the Rouble) and the yuan which although not so stable, but is slowly strengthening will be increased, whilst the Yen, GBP, and Swiss francs will all be limited to around 5% each of the fund.
The changes will be made through the CBR, i.e., the CBR will take the dollars and exchange them for gold, Euro etc. it does not mean that the CBR will dump all/any of the forex immediately.
Btw, the wealth fund, and the direct investment fund are all held in the CBR, as separate funds.
HTH

Sorry guy's, that should have read Billions..

Wizziebaby, the bottom line is diversity and protection of assets...
If you care to read this, it will open your eyes as to the fund's investment portfolio..
https://minfin.gov.ru/en/key/nationalwealthfund/management/
HTH..
Title: Re: De-Dollarisation.
Post by: Wiz on June 06, 2021, 01:03:13 PM
Sorry guy's, that should have read Billions..

Wizziebaby, the bottom line is diversity and protection of assets...
If you care to read this, it will open your eyes as to the fund's investment portfolio..
https://minfin.gov.ru/en/key/nationalwealthfund/management/
HTH..
Oh dear Boy...... you spent too much time in the sun...... or my English writing style has become incoherent! Either way, I try not to irritate you by making corrections and I would have expected that you knew the direction I was going.  :)

Since the Yukos ex owner Majkl karadakovski was released and was allowed to move abroad, I have been keeping an Eye on Elvira Nabioulina and her actions in conjunction with Putin, regarding the stability of the currency and the economy.... they have managed to steer the boat back almost to the Golden Standard (safety) .... and that say's a lot for them!

Looks that the new PM Mikhail Mishustin is doing an excellent Job , putting the house in order and collecting taxes......through the new electronic system.......and he is quiet! So what do you think about him?

As about the Americans let them have a civil war to see how nice it is to have one!

Lets  waite till the 16 June.... when Putting And Biden will meet.

 
(https://ruadventures.com/forum/avs/avatar_110_1619093698.png)

(https://thumbs.dreamstime.com/z/dollars-as-toilet-paper-isolated-white-background-d-render-35281597.jpg)
Title: Re: De-Dollarisation.
Post by: Manny on June 07, 2021, 07:13:37 AM
or my English writing style has become incoherent!

Become?   :whist11:
Title: Re: De-Dollarisation.
Post by: Manny on October 14, 2021, 11:24:53 AM
Putin says US itself killing dollar as reserve currency by weaponizing sanctions & uncontrolled money printing, fueling inflation (https://www.rt.com/russia/537407-putin-cnbc-dollar-inflation/).
Title: Re: De-Dollarisation.
Post by: andrewfi on October 14, 2021, 01:52:59 PM
Putin says US itself killing dollar as reserve currency by weaponizing sanctions & uncontrolled money printing, fueling inflation (https://www.rt.com/russia/537407-putin-cnbc-dollar-inflation/).

Even the great Mr Putin can take a while to catch up with me. He isn't wrong. By reducing the use of the dollar the USA is reducing its two competitive advantages.

Although there is one way in which things might, possibly end up making the dollar much, much stronger in a few years in a rather counterintuitive way. For a hint take a shufti at El Salvador. Oh, Mr Putin alluded to this, but I am sure that he didn't have this particular case in mind.
Title: Re: De-Dollarisation.
Post by: Wiz on October 14, 2021, 10:47:11 PM
Putin says US itself killing dollar as reserve currency by weaponizing sanctions & uncontrolled money printing, fueling inflation (https://www.rt.com/russia/537407-putin-cnbc-dollar-inflation/).

Ha has a better weapon in his hands......

[attachimg=1]

 :thumbsup:

Title: Re: De-Dollarisation.
Post by: Texan77 on October 17, 2021, 03:58:54 PM
What you are looking at is the diminished world trade for a number of reasons. One AI factories in the near future will hire few people. It will be cheaper to produce the product where it is being used than ship it. Two: the world is becoming less harmonious. If we do not get a long with China why should we buy their products? The world is becoming where that is true for an increasing number of countries. If there is less trade a Dollar for international trade is less needed. Three: WE are on the verge of seeing a economic slow down like we have not seen in our life times. WE have had these flashes crashed that last a few months to a couple of years where we are likely to see something much longer in duration this time. Poorer people just buy less goods and services.  Four: The USA is paring down it's major trading partners. It appears we will do the vast majority of our trade with only a hand full of countries. Countries we do not trade with any longer have little reason to use dollars.  Over the next ten years the world is going to be very different.

The USA is likely to return to something closer to isolationism and the world will fragment into small trading groups like the USA is doing and each group will have it's own trading system.

 
Title: Re: De-Dollarisation.
Post by: Wiz on October 17, 2021, 05:37:17 PM
What you are looking at is the diminished world trade for a number of reasons.

One AI factories in the near future will hire few people. It will be cheaper to produce the product where it is being used than ship it.

Two: the world is becoming less harmonious. If we do not get a long with China why should we buy their products? The world is becoming where that is true for an increasing number of countries. If there is less trade a Dollar for international trade is less needed.

Three: WE are on the verge of seeing a economic slow down like we have not seen in our life times. WE have had these flashes crashed that last a few months to a couple of years where we are likely to see something much longer in duration this time. Poorer people just buy less goods and services. 

Four: The USA is paring down it's major trading partners. It appears we will do the vast majority of our trade with only a hand full of countries. Countries we do not trade with any longer have little reason to use dollars.  Over the next ten years the world is going to be very different.

The USA is likely to return to something closer to isolationism and the world will fragment into small trading groups like the USA is doing and each group will have it's own trading system.

Finally the penny drooped ...... and you realised that the USA Empire, like all others before, is going to hit the dust at around the time I have already told you in a previous post ...at around  2030's!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQQtd4KwlM0TimYVWBHRTHknjqjG9c9yP1WzQ&usqp=CAU)


 :reading:
Title: Re: De-Dollarisation.
Post by: Texan77 on October 17, 2021, 11:05:42 PM
There never was such an empire to lose. There was a global order which is ending. This end of this order will make trade more limited and it will come with an economic time of less prosperity for many average people around the world. What system will replace it is hard to predict because more technologies will be invented and these new technologies will shape a new future. In ten years global population will be in strong decline and at this point in time we do not have a system that works well with  decreasing population. Until we find a new economic system most people are going to have less and likely not be very happy about it.

Then you add climate change and drying up rivers couple with less food production world wide this may not be a such an exciting time. Wiz, You remine me of Afghanistan. First they want to get rid of the USA then they start to starve.  The USA leaving the rest of the world is not the underlying problem but rather a symptom of a much harsher world in the future to live in.

Be careful Wiz what you wish for, you might get it and it might not be what you expected.
Title: Re: De-Dollarisation.
Post by: Wiz on October 26, 2021, 06:00:30 AM
What you are looking at is the diminished world trade for a number of reasons.

One AI factories in the near future will hire few people. It will be cheaper to produce the product where it is being used than ship it.

Two: the world is becoming less harmonious. If we do not get a long with China why should we buy their products? The world is becoming where that is true for an increasing number of countries. If there is less trade a Dollar for international trade is less needed.

Three: WE are on the verge of seeing a economic slow down like we have not seen in our life times. WE have had these flashes crashed that last a few months to a couple of years where we are likely to see something much longer in duration this time. Poorer people just buy less goods and services. 

Four: The USA is paring down it's major trading partners. It appears we will do the vast majority of our trade with only a hand full of countries. Countries we do not trade with any longer have little reason to use dollars.  Over the next ten years the world is going to be very different.

The USA is likely to return to something closer to isolationism and the world will fragment into small trading groups like the USA is doing and each group will have it's own trading system.

Finally the penny drooped ...... and you realised that the USA Empire, like all others before, is going to hit the dust at around the time I have already told you in a previous post ...at around  2030's!

BTW DON'T FORGET TO PAY YOUR EXTERNAL DEPT TO THE WORLD WHICH TODAY IS MORE THEN LAST MONTH!

In September 2021, the public debt of the United States was around 28.43 trillion U.S. dollars, around 1.5 trillion more than a year earlier, when it was around 26.95 trillion U.S. dollars.

The world will be a much better place without the American Gangsters!

Have you noticed how the world is running quitely under the Chinese Empire? Can you imagine how 1.4 billion Chinese people still working and have food to eat without using gun power and made welcome wherever they travel?


(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQQtd4KwlM0TimYVWBHRTHknjqjG9c9yP1WzQ&usqp=CAU)

DON'T FORGET THAT MOST IF NOT ALL AMERICANS HAVE GUNS....
AND A CIVIL WAR CAN START FOR A LOAF  OF BREAD
BY ALL THOSE HOMELESS PEOPLE LIVING ON THE SIDES OF THE ROADS!


Personally I don't care any more as I have lived my life to the full
and I feel sorry for people like you who live in another planet!


 :reading:

Title: Re: De-Dollarisation.
Post by: Valenki on November 01, 2021, 10:52:37 AM
Next year you will no longer be able to pay using $ on any of my sites, I also want to contribute to De-Dollarisation  tiphat
B-R-A-V-O!  :biggrin:
Title: Re: De-Dollarisation.
Post by: Valenki on November 01, 2021, 10:55:51 AM
What you are looking at is the diminished world trade for a number of reasons.

One AI factories in the near future will hire few people. It will be cheaper to produce the product where it is being used than ship it.

Two: the world is becoming less harmonious. If we do not get a long with China why should we buy their products? The world is becoming where that is true for an increasing number of countries. If there is less trade a Dollar for international trade is less needed.

Three: WE are on the verge of seeing a economic slow down like we have not seen in our life times. WE have had these flashes crashed that last a few months to a couple of years where we are likely to see something much longer in duration this time. Poorer people just buy less goods and services. 

Four: The USA is paring down it's major trading partners. It appears we will do the vast majority of our trade with only a hand full of countries. Countries we do not trade with any longer have little reason to use dollars.  Over the next ten years the world is going to be very different.

The USA is likely to return to something closer to isolationism and the world will fragment into small trading groups like the USA is doing and each group will have it's own trading system.

Finally the penny drooped ...... and you realised that the USA Empire, like all others before, is going to hit the dust at around the time I have already told you in a previous post ...at around  2030's!

BTW DON'T FORGET TO PAY YOUR EXTERNAL DEPT TO THE WORLD WHICH TODAY IS MORE THEN LAST MONTH!

In September 2021, the public debt of the United States was around 28.43 trillion U.S. dollars, around 1.5 trillion more than a year earlier, when it was around 26.95 trillion U.S. dollars.

The world will be a much better place without the American Gangsters!

Have you noticed how the world is running quitely under the Chinese Empire? Can you imagine how 1.4 billion Chinese people still working and have food to eat without using gun power and made welcome wherever they travel?


(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQQtd4KwlM0TimYVWBHRTHknjqjG9c9yP1WzQ&usqp=CAU)

DON'T FORGET THAT MOST IF NOT ALL AMERICANS HAVE GUNS....
AND A CIVIL WAR CAN START FOR A LOAF  OF BREAD
BY ALL THOSE HOMELESS PEOPLE LIVING ON THE SIDES OF THE ROADS!


Personally I don't care any more as I have lived my life to the full
and I feel sorry for people like you who live in another planet!


 :reading:


 :nod:  :nod:  :nod:

The US wants us to pay for their mistakes. I say we tell them to F-Off.
Title: Re: De-Dollarisation.
Post by: Manny on March 09, 2022, 12:20:39 AM
Russia Reduces Use of US Dollar in Reserves, External Settlements Amid Sanctions

Russia is reducing the use of the US dollar in foreign exchange reserves and external settlements against the backdrop of strengthening sanctions, switching to non-Western capital markets, Dmitry Birichevsky, the head of the Russian foreign ministry's economic cooperation department, told Sputnik.

The diplomat noted that the Russian economy almost permanently exists in conditions of increased sanctions risks. Russia's domestic market and foreign economic relations are gradually adapting to changing circumstances — the country has the necessary margin of safety to carry out the appropriate transformation of the economic development model and adjust the financial policy.

"In this context, the Russian authorities are naturally making significant efforts to protect their trade and economic ties and investment projects from negative external influences. Reducing the use of the dollar, both in domestic international reserves and in external settlements, shifting attention to capital markets alternative to Western ones ... — key elements of the Russian economic policy," Birichevsky said.

Source: Sputnik
Title: Re: De-Dollarisation.
Post by: Valenki on March 09, 2022, 01:03:02 AM
Russia Reduces Use of US Dollar in Reserves, External Settlements Amid Sanctions

Russia is reducing the use of the US dollar in foreign exchange reserves and external settlements against the backdrop of strengthening sanctions, switching to non-Western capital markets, Dmitry Birichevsky, the head of the Russian foreign ministry's economic cooperation department, told Sputnik.

The diplomat noted that the Russian economy almost permanently exists in conditions of increased sanctions risks. Russia's domestic market and foreign economic relations are gradually adapting to changing circumstances — the country has the necessary margin of safety to carry out the appropriate transformation of the economic development model and adjust the financial policy.

"In this context, the Russian authorities are naturally making significant efforts to protect their trade and economic ties and investment projects from negative external influences. Reducing the use of the dollar, both in domestic international reserves and in external settlements, shifting attention to capital markets alternative to Western ones ... — key elements of the Russian economic policy," Birichevsky said.

Source: Sputnik
I would love to see the Yankees being force to pay in Rubles or even Kwachas!  :chuckle:
Title: Re: De-Dollarisation.
Post by: Markje on March 16, 2022, 02:46:20 AM
https://www.businessinsider.nl/us-dollars-dominance-in-oil-markets-may-face-challenge-as-saudis-reportedly-eye-yuan-based-sales-deal-with-china/

Without comment, but if this comes to pass, its another huge blow for the dollar.
Title: Re: De-Dollarisation.
Post by: Markje on March 16, 2022, 02:53:00 AM
Since Dollars are now impossible for Russia to get, in Dutch news it is said they want to pay their monthly loan interest in Rubles according to the ruble/dollar exchange rate listed on time of transfer (which seems reasonable since no dollars are available to them)

However the lenders say: a contract is a contract is a contract, no rubles allowed.

So the headline is now: Russia defaults on trillions debt!
Title: Re: De-Dollarisation.
Post by: Valenki on March 16, 2022, 03:27:39 AM
Since Dollars are now impossible for Russia to get, in Dutch news it is said they want to pay their monthly loan interest in Rubles according to the ruble/dollar exchange rate listed on time of transfer (which seems reasonable since no dollars are available to them)

However the lenders say: a contract is a contract is a contract, no rubles allowed.

So the headline is now: Russia defaults on trillions debt!
Sounds fair to me.
Title: Re: De-Dollarisation.
Post by: Wiz on March 16, 2022, 04:33:57 AM
Since Dollars are now impossible for Russia to get, in Dutch news it is said they want to pay their monthly loan interest in Rubles according to the ruble/dollar exchange rate listed on time of transfer (which seems reasonable since no dollars are available to them)

However the lenders say: a contract is a contract is a contract, no rubles allowed.

So the headline is now: Russia defaults on trillions debt!

I think the current Russian PM Mikhail Mishustin is a very clever man. Firstly he organise all banking services and government departmensts been computerised and the economic system PFS (Equiv to SWEEFT) is been working and it is connected to the Chinese CPFS AND ALL THEIR TRANSACTIONS can go through China.

So if the people dealing with Russia will not accept payments in Rubles... then they will loose making any sales......and will loose the sale.

From what I understand Russia has almost become self sufficient and while they have no access to their savings  in different banks abroad (around 650 Billions) because of the American Sanctions.....soon the Dollar will go down the hall including teh USA economy.

It is pretty obvious to everybody that the American Dollar is simply a toilet paper when is printed and only take value when people buy and use it.... but the Ruble has Gold supporting it and the Bank of Russia accumulates tons of it!

PS: May I remind you that it was Russian PM Mikhail Mishustin who said that all American companies that operate to Russia , following instructions from Washington..... wil close down and go, he suggested that their property will be Nationalised and they will be paid in Rubles...... :ROFL: :ROFL: :ROFL:
Title: Re: De-Dollarisation.
Post by: andrewfi on March 16, 2022, 11:13:49 AM
As I recall, it has been suggested that owners of Russian debt abroad seek to gain repayment from the funds stolen from the Russian Central bank. That seems to be an elegant solution to creditor problems.

In most cases, however, non-payment of such debt would not result in default as the situation would be covered by force majeure. (certain acts, events or circumstances beyond the control of the parties).
Title: Re: De-Dollarisation.
Post by: cufflinks on March 16, 2022, 11:43:25 AM
Since Dollars are now impossible for Russia to get, in Dutch news it is said they want to pay their monthly loan interest in Rubles according to the ruble/dollar exchange rate listed on time of transfer (which seems reasonable since no dollars are available to them)

However the lenders say: a contract is a contract is a contract, no rubles allowed.

So the headline is now: Russia defaults on trillions debt!
Sounds fair to me.

Looks like the Lenders are all going to be taking Huge Tax Loss Writeoffs sort of like Trump did when the value of his real estate collapsed back in the late 70s early 80s...   

Russia has enormous hordes of wealth - Gold, Oil, NatGaz, even an impact crater with over $1Trillion worth of ultra-hard impact industrial diamonds and the entire periodic table of elements in the ground from St.P to Vladivostok and a very modern upgraded hypersonic 6,000+ Warheads Nuclear Arsenal to protect themselves from both NATO and the Chinese etc etc based "creditors" so as the old saying goes when you have a $100K debt due the bank aggressively says YOU have a problem - when you have a $100 Billion Debt the Banks come to you meekly saying WE have a problem.   Since Russia drew a NATO Red Line in Ukraine it has been preparing this action for decades, built up reserves, made major energy and resource deals with the CCP as a sister fascist ally country with 1.4 Billion People to provide for and India with soon 1.5 Billion People to feed and now the Western Media likes to report RUSSIA has a problem but smarter heads seeing the Saudis accepting CCP Yaun for Oil (Ending the PetroDollar dominance of World Trade) and the Russian Payments System integrated with the SWIFT alternative in China further de-dollarizing.

Clearly the USA, EU and NATO as a collective "WE" have a BIG problem as the Draconian Sanctions on Russia have the unintended consequences of impoverishing the NATO alliance as the lead NATO funders the USA will no longer be able to use CCP treasury purchases and dollar holdings to underwrite NATO for $1 Trillion per year supporting all of the  NATO countries cradle to grave social safety nets to the severe detriment of the American people.   

So idiots like the WizzButtBanger can exhibit all of the socialist anarchist Greek Hatred of the USA and Americans all he wants.  The irony is the USA thanks to Biden's incompetence is in the same sanctions boat with Russia likely to pay our debts off at 100,000 Dollars to $1 revaluation just like Russia has done and will do which is why I have been buying up all the pre-1964 US 90% silver coins I can get my hands on and also buying some promising Crypto MetaVerse 3.0 Blockchain and Crypto Projects with just 6 mos on USD cash on hand (I currently have over 2 Years Cash on Hand in a portable fire safe which methinks is too much if Martin Armstrong is Correct...

https://usawatchdog.com/insane-globalists-collapsing-world-economy-martin-armstrong/

What creates world peace is not nuclear weapons.  It’s economics, basically.  As long as everybody benefits, then you are not going to bite the hand that feeds you.  When you start cutting off trade on both sides, you are wiping out the global economy.  That is what has provided world peace since WWII. . . . By 2023, I don’t see this backing off.  Once you have undermined the global financial economy, you have removed the benefits and then it does turn to war.”

Armstrong sees a “serious problem with a war cycle in early 2023” but hopes it does not go full nuclear.  The financial war has already gone nuclear.

Before the end of this year, Armstrong’s “Socrates” computer program sees a “panic cycle” for the 2022 mid-term elections, mainly for the Democrats.  Armstrong explains more about this in the interview.

Armstrong says inflation is here to stay, and it’s going to be huge in some areas.  Armstrong sees gasoline rising to $8 to $10 per gallon sometime in 2023.  Armstrong says buy everything you think you will need because it will never be cheaper, and it may not even be there in the future at any price.  Food is high on Armstrong’s list, and he says have good old fashion cash on hand because of cyber-attacks and power outages that he sees coming in some areas. 

Armstrong also sees an average of 25% inflation by 2024.  This, again, is according to his “Socrates” computer program.  Armstrong says “the commodity cycle will take off in 2024.”    Armstrong sees everything going up in price, and that includes gold and silver.  Interest rates will also be headed up, and the stock market is not going to do well in a trend that sees interest rates rising.

So to the WizzButtBanger and all the other USA HATERS here, my schadenfreudian cup runneth over with GLEE and you are all truly about to get what you have wished for with the USD Reserve Currency Collapse.

Even though our City of London Lords have used their USA-funded NATO Mercenaries to beat Russia to a bloody economic pulp turns out the USA and Russia are being destroyed by the exact same Globalists Tyranny.   

Hope you all love your new Mandarin overseers and their lovely Social Credit Systems arriving on a Belt and Road High-Speed Rail stop near you all very very soon.

As for the USA we still have over 400+ Years of Natural Gas, Oil, and Coal energy reserves not to mention Uranium and vast tracks of sunny desert ideal for Solar and Mountains for Wind and yes GeoThermal (Jellystone Natl Park - yes where Yogi and Booboo hunt for pick-a-nick bazskets above a mega crater) massive renewables so we can easily gradually reduce our total carbon footprint without committing Greenie Left Socialist CCP inspired Sepaku!

As for me, I am part of a group that owns 500 Million long-range precision hunting rifles and reliable sidearms and we will protect our sacred Constitution and Bill of Rights to the DEATH if necessary.  OBTW the Company that manufactures our ultra-reliable and accurate portable Javelin Tank Busters is right here in New England, same with our Trident Intercontinental Ballistic Missile - and - our High-Speed Fast Attack Hunter Killer Nuclear Submarines!!!

Live FREE or DIE mofos!

NBF - Nuke Boats Forever!

Title: Re: De-Dollarisation.
Post by: cufflinks on March 16, 2022, 12:54:33 PM
OBTW - The living Martyr Zalensky went in front of the United States Full Congress today and cajoled the entire US Congress with a collage of horrors video that we must clear the skies over Ukraine and Launch Nuclear World War Three with a superior Nuclear-Armed Mother Russia who believes they can see 75 Million of its people surviving an all-out Nuclear War with NATO.  There was a thunderous standing ovation for Zalenski and his call for Nuclear World War III.   Not Looking Phooking Good Mates.

The Socrates AI Computer coldly forecasts 175 Million War Deaths in the now expanding 2022-20223 War Cycles.  https://usawatchdog.com/insane-globalists-collapsing-world-economy-martin-armstrong/

Armstrong sees a “serious problem with a war cycle in early 2023” but hopes it does not go full nuclear.  The financial war has already gone nuclear.

Time to stock up on iodine and Nuclear Particulate Gas masks and Water Filters in the EU at least.
Title: Re: De-Dollarisation.
Post by: B.B. on March 16, 2022, 04:12:00 PM
https://www.businessinsider.nl/us-dollars-dominance-in-oil-markets-may-face-challenge-as-saudis-reportedly-eye-yuan-based-sales-deal-with-china/

Without comment, but if this comes to pass, its another huge blow for the dollar.

Not particularly.  This sometimes happens in yen w/r/t Japan.

While I realize that many among the pro-Russian, anti-US crowd wank themselves to sleep at night at the thought of the long-promised, never-quite-arriving comeuppance for the USA, there is one thing to remember, and it is IMPORTANT: the House of Saud exists entirely at the sufferance of the the USA.

For whatever reason, Europeans do not seem to understand the value of Hard Power.  It matters.

B/B
Title: Re: De-Dollarisation.
Post by: cufflinks on March 16, 2022, 06:04:34 PM
https://www.businessinsider.nl/us-dollars-dominance-in-oil-markets-may-face-challenge-as-saudis-reportedly-eye-yuan-based-sales-deal-with-china/

Without comment, but if this comes to pass, its another huge blow for the dollar.

Not particularly.  This sometimes happens in yen w/r/t Japan.

While I realize that many among the pro-Russian, anti-US crowd wank themselves to sleep at night at the thought of the long-promised, never-quite-arriving comeuppance for the USA, there is one thing to remember, and it is IMPORTANT: the House of Saud exists entirely at the sufferance of the the USA.

For whatever reason, Europeans do not seem to understand the value of Hard Power.  It matters.

B/B

BRILLIANT BB I hereby nominate the last sentence for Quote of the Week... Hard Power. It matters. BRILLIANT ANALYSIS.
Title: Re: De-Dollarisation.
Post by: Markje on March 17, 2022, 02:20:44 AM

Not particularly.  This sometimes happens in yen w/r/t Japan.

Sometimes in yen/Japan , or always in yuan/china. huge difference with a huge country.


For whatever reason, Europeans do not seem to understand the value of Hard Power.  It matters.

B/B
Ukraine is now getting a refresher-course in Hard Power.
Title: Re: De-Dollarisation.
Post by: cufflinks on March 17, 2022, 08:56:56 AM
What you are looking at is the diminished world trade for a number of reasons.

One AI factories in the near future will hire few people. It will be cheaper to produce the product where it is being used than ship it.

Two: the world is becoming less harmonious. If we do not get a long with China why should we buy their products? The world is becoming where that is true for an increasing number of countries. If there is less trade a Dollar for international trade is less needed.

Three: WE are on the verge of seeing a economic slow down like we have not seen in our life times. WE have had these flashes crashed that last a few months to a couple of years where we are likely to see something much longer in duration this time. Poorer people just buy less goods and services. 

Four: The USA is paring down it's major trading partners. It appears we will do the vast majority of our trade with only a hand full of countries. Countries we do not trade with any longer have little reason to use dollars.  Over the next ten years the world is going to be very different.

The USA is likely to return to something closer to isolationism and the world will fragment into small trading groups like the USA is doing and each group will have it's own trading system.

Finally the penny drooped ...... and you realised that the USA Empire, like all others before, is going to hit the dust at around the time I have already told you in a previous post ...at around  2030's!

BTW DON'T FORGET TO PAY YOUR EXTERNAL DEPT TO THE WORLD WHICH TODAY IS MORE THEN LAST MONTH!

In September 2021, the public debt of the United States was around 28.43 trillion U.S. dollars, around 1.5 trillion more than a year earlier, when it was around 26.95 trillion U.S. dollars.

The world will be a much better place without the American Gangsters!

Have you noticed how the world is running quitely under the Chinese Empire? Can you imagine how 1.4 billion Chinese people still working and have food to eat without using gun power and made welcome wherever they travel?


(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQQtd4KwlM0TimYVWBHRTHknjqjG9c9yP1WzQ&usqp=CAU)

DON'T FORGET THAT MOST IF NOT ALL AMERICANS HAVE GUNS....
AND A CIVIL WAR CAN START FOR A LOAF  OF BREAD
BY ALL THOSE HOMELESS PEOPLE LIVING ON THE SIDES OF THE ROADS!


Personally I don't care any more as I have lived my life to the full
and I feel sorry for people like you who live in another planet!


 :reading:


https://usawatchdog.com/insane-globalists-collapsing-world-economy-martin-armstrong/

Socrates AI Engine forecasts 175 Million Deaths in the 2022-2023 War Cycle - how do you get 175 Million Deaths - Covid? - Nope only 6 Million Deaths - WWII only 50 Million Deaths - Global Nuclear War in the Northern Hemisphere - BINGO - all of you EURO Socialist Anarchists (90% of all Greek Butt-Bangers) are already DEAD PEOPLE WALKING - If I were you I would do 2 things - Work on my Bucket List NOW and get my affairs in order in case your heirs manage to survive...
Title: Re: De-Dollarisation.
Post by: cufflinks on March 17, 2022, 09:20:01 AM

What is the difference between previous empires and the USA Financial Empire?

Previous Empires were ruled by Royal Tyrants and often Deviant Despots...

The USA and our global financial empire is based upon the will of the people.  Even if the WEF Globalists attempt to overthrow US like they have the UK, OZ and now Truedopes Fascist Canada - the WEF will fail in the USA due to our 1A and 2A 500 Million private high powered hunting rifles and sidearms and our expertise in using them - Anyone tries to overthrow our constitution we will kill them - and not just with Molotov Cocktails.

The USA Invented Nukes and the most modern reliable defensive and offensive weapons - javelins, stingers, smart grenade launchers, Carrier Task Forces and NUKES - and - we are willing to USE NUKES to end wars including Financial Wars.

Lastly, unless the Chinese and Russians can destroy the USA and NATO via a surprise coordinated Nuclear Attack from the North (Arctic) East and West - NO one else in the world will trust the Chinese and Russians corrupt control of world currencies - only viable solutions will be resources, gold, silver, oil, rare-earths, precision manufacturing goods, etc backed trade represented by Web 3.0 Cryptocurrencies  - Rupees, Rubles, Yuan, Euros not so much...

You Euro surrender monkeys like the WizzButtBanger Greek Anarchist will be nuclear shadows of yourselves on sidewalks like Hiroshima long before the end of the USA and our highly efficient Global Financial Free Trade Empire. 

Not sorry to burst your America Hating Bubbles...
Title: Re: De-Dollarisation.
Post by: B.B. on March 17, 2022, 09:31:15 AM

Not particularly.  This sometimes happens in yen w/r/t Japan.

Sometimes in yen/Japan , or always in yuan/china. huge difference with a huge country.

There is a tendency among the America-hating European contingent to "declare victory", when it isn't warranted.  As I noted, the House of Saud exists at the sufferance of the United States.  Ideally, once we are rid of the Disaster that is Biden and things will go back to normal.  Certainly if we get DeSantis or Trump back.


For whatever reason, Europeans do not seem to understand the value of Hard Power.  It matters.

B/B
Ukraine is now getting a refresher-course in Hard Power.

Sadly, yes.  And War crimes.  I don't know why, but Putin seems to HATE Mariupol.

B/B
Title: Re: De-Dollarisation.
Post by: Markje on March 17, 2022, 09:41:27 AM
There is a tendency among the America-hating European contingent to "declare victory", when it isn't warranted.
I don't see the failing of the petro-dollar as a victory for anyone. In fact , if it happens the effect will be felt world-wide and it won't be pretty. Therefore, when I do see signs that someone makes steps against the dollar, its fair to warn people about it.

As I noted, the House of Saud exists at the sufferance of the United States.  Ideally, once we are rid of the Disaster that is Biden and things will go back to normal.  Certainly if we get DeSantis or Trump back.
Dunno, the Saudis seem to think they can do as they please.


Sadly, yes.  And War crimes.  I don't know why, but Putin seems to HATE Mariupol.
When I drove to Evpatoria, this was before all those smart-watches with google-maps, I had an ADAC German roadmap. It also didn't list Mariupol, luckily I knew that that city was where i was going from Kherson (thanks to Stirlitz) :-)

Title: Re: De-Dollarisation.
Post by: Bodine on March 17, 2022, 09:57:18 AM
There is a tendency among the America-hating European contingent to "declare victory", when it isn't warranted.  As I noted, the House of Saud exists at the sufferance of the United States.  Ideally, once we are rid of the Disaster that is Biden and things will go back to normal.  Certainly if we get DeSantis or Trump back.

Ideally, yes. But if things doesn't change in the US with its current politics things can in fact get very ugly fast.

That moron's call to the Saud, to request boosting their oil production to head off the potential oil price spike for banning Russia's oil, was openly ignored. I'm not just referring to the 'request' - but rather the actual 'phone call'.

And if that isn't enough, to reinforced its growing US distaste, Riyadh is seriously considering accepting the Yuan instead of dollars for Chinese oil sales.
Title: Re: De-Dollarisation.
Post by: Gipsy on March 17, 2022, 10:17:55 AM
The US are still buying Russian oil, around 38,000b/d, there is a tanker loading as we speak, and another left 4/5 dats ago...
Admittedly the quantity is down from what it has been, but!!
Title: Re: De-Dollarisation.
Post by: cufflinks on March 17, 2022, 10:25:09 AM
And ask your selves why the House of Saud is so resentful of the Beijing Biden Regime - because the Bidens are working with their paymasters in Beijing to drive the Belt and Road to Tehran and then Russia for resource exploitation - and the Russians have agreed with Biden to build a $10 Billion Nuclear Power Plant in Iran - which will provide cover to build Nuclear Weapons for Iran to use against their most hated historical enemies - the Hebrews in Israel and the Arab potentates in the Persian Gulf including the largest the House of Saud.

Beijing Biden is working to empower and enrich the Saudis' ancient mortal enemies the Persians.

So the Saudis are looking to neutralize the Persians' influence with the Chinese CCP Empire and Emporer Phat Pooh Xi.

Not that difficult to understand - Saudis hoping the CCP will be more of a reliable partner than the WEF Davos Globalists and their US Democrat Socialists puppets party ...

Title: Re: De-Dollarisation.
Post by: Valenki on March 21, 2022, 04:48:05 AM
The US are still buying Russian oil, around 38,000b/d, there is a tanker loading as we speak, and another left 4/5 dats ago...
Admittedly the quantity is down from what it has been, but!!
Personally, I think Putin should have made the Yankees wait a few more dats just to remind Washington who's calling the shots.
Title: De-Dollarisation.
Post by: 2tallbill on March 21, 2022, 11:22:14 AM
Personally

Nobody cares what you personally think
Title: Re: De-Dollarisation.
Post by: Wiz on March 22, 2022, 03:03:56 AM
And ask your selves why the House of Saud is so resentful of the Beijing Biden Regime - because the Bidens are working with their paymasters in Beijing to drive the Belt and Road to Tehran and then Russia for resource exploitation - and the Russians have agreed with Biden to build a $10 Billion Nuclear Power Plant in Iran - which will provide cover to build Nuclear Weapons for Iran to use against their most hated historical enemies - the Hebrews in Israel and the Arab potentates in the Persian Gulf including the largest the House of Saud.

Beijing Biden is working to empower and enrich the Saudis' ancient mortal enemies the Persians.

So the Saudis are looking to neutralize the Persians' influence with the Chinese CCP Empire and Emporer Phat Pooh Xi.

Not that difficult to understand - Saudis hoping the CCP will be more of a reliable partner than the WEF Davos Globalists and their US Democrat Socialists puppets party ...

It appears you are reading the same sites and blocks.........I like to read!  :laugh:

The Dominance Of The U.S. Dollar Is Fading Right Before Our Eyes (https://quoththeraven.substack.com/p/the-dominance-of-the-us-dollar-is?token=eyJ1c2VyX2lkIjo3NDQxNjYxNiwicG9zdF9pZCI6NTA1NzYyMjIsIl8iOiJPWUdvUSIsImlhdCI6MTY0Nzk0Mjk3MSwiZXhwIjoxNjQ3OTQ2NTcxLCJpc3MiOiJwdWItNDExNTQ2Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.pvywgQvLfqXdZNUR_elqIISv1qf3EtGT712401_-dbE)
Title: Re: De-Dollarisation.
Post by: Steveboy on March 22, 2022, 06:01:03 AM

What is the difference between previous empires and the USA Financial Empire?

Previous Empires were ruled by Royal Tyrants and often Deviant Despots...

The USA and our global financial empire is based upon the will of the people.  Even if the WEF Globalists attempt to overthrow US like they have the UK, OZ and now Truedopes Fascist Canada - the WEF will fail in the USA due to our 1A and 2A 500 Million private high powered hunting rifles and sidearms and our expertise in using them - Anyone tries to overthrow our constitution we will kill them - and not just with Molotov Cocktails.

The USA Invented Nukes and the most modern reliable defensive and offensive weapons - javelins, stingers, smart grenade launchers, Carrier Task Forces and NUKES - and - we are willing to USE NUKES to end wars including Financial Wars.

Lastly, unless the Chinese and Russians can destroy the USA and NATO via a surprise coordinated Nuclear Attack from the North (Arctic) East and West - NO one else in the world will trust the Chinese and Russians corrupt control of world currencies - only viable solutions will be resources, gold, silver, oil, rare-earths, precision manufacturing goods, etc backed trade represented by Web 3.0 Cryptocurrencies  - Rupees, Rubles, Yuan, Euros not so much...

You Euro surrender monkeys like the WizzButtBanger Greek Anarchist will be nuclear shadows of yourselves on sidewalks like Hiroshima long before the end of the USA and our highly efficient Global Financial Free Trade Empire. 

Not sorry to burst your America Hating Bubbles...

You got a super volcano under Yellow stone park Its going to go BANG at some point..There is no denying this could be tomorrow.. could be in 500 years BUT at some point that Big Bang is going to happen.. will your rifles or tech help you? I think no..

At this point I will come out of cryogenics and raise a toast to you.. :laugh: :laugh:

Savior is coming sooner or later and there aint nothing you can do about it...    https://meteorcrater.com

See you on the other side..


Title: Re: De-Dollarisation.
Post by: cufflinks on March 25, 2022, 07:58:30 AM
The Giant Yogi and Booboo bears Jellystone Volcano is in-fact an enormous caldera - similar to the Caldera at Hawaii Volcanoes National Park that I visited and where you learn that calderas like Hawaii are basically continually active which is the source of the lava flows down to the Pacific Ocean and why the Big Island of Hawaii is constantly growing.  The Caldera like all things in our universe and on this planet goes through cycles of activity and the lava bed in the central Caldera canyon has risen and lowered constantly by as much as 800 feet with a solidified crust on top during times of lesser activity (Yellowstone today) ...

The interesting thing is unlike the Conical High Volcanos like Krakatoa and Mt. St.Helens and Iceland's Ekaviltafishium which build up so much pressure they blow with megatons of explosive damage and tidal waves, calderas are Mother Nature's and the Earth's natural pressure relief valves... 

The biggest danger with Yellowstone is that we hire Icelandic Geothermal Engineers to tap the enormous potential of this massive Caldera to power all the Green New Stealers desires to use poisonous processes to create LiON batteries, Solar Panels, and intermittent Windmills to crush the fossil fuels industry that they blame for rising sea levels when anthropomorphic short term warming is holding off the next ice age now that we are into the next long-tail Solar Minimum (beginning Ice Age) cycle.

If the greenie weenies were even remotely serious and not just CCP paid hacks being used to destroy the USA economy to advantage the CCP they would enthusiastically work with Icelandic Geothermal Engineers to provide most of the North American continent unlimited geothermal steam power and electricity to power their Carbon Free Footprint Utopia for the next 50 million years that this Caldera exists.

This is why in the long run both the USA Geothermal and Other Geothermal Countries (Mother Russia on the Pacific Ring of Fire Kamchatka etc...)  will be around long after the CCP bought and paid for Greenies who dutifully got the MurderRNA injections and deadly Boosters will have long since died of mRNA induced HIV - Whaaat???

All of you mRNA UKieEuros along with our mRNA injection-loving Communist CCP Greenies are sooooo bloody phoooked!

https://usawatchdog.com/millions-get-aids-from-vax-by-fall-dr-elizabeth-eads/

And you thought you could only get this AIDS death sentence by being a needle-sharing arse ramming rump humping pooofter...  Suprise - the WEF Davos 500 Million maximum humans alive on earth crowd fooled you lot now dint they?
Title: Re: De-Dollarisation.
Post by: Danchik on March 25, 2022, 09:57:31 AM
You want to trust the Saudis?

There was a meeting, something to do with oil of course, a couple of weeks ago among several dignitaries including Putin and the Saudi Prince. A video is circulating around the internet showing the Prince and Putin giving each other the bro "shake" at the conclusion of the meeting as they met the press.

You couldn't slap the smile off of Putin's face in the video, although I'm sure there are a few here whom would love to try.

At around the same time, Russian and China released a "Joint Statement" at the beginning of Feb. that kinda flew under the radar, 3 weeks before anything serious went down. Whether Putin and Xi discussed the "operation" during their meeting and at the Olympics is anyone's guess.

The announcement highlighted a strong willingness to work in cooperation, for mutual gain, without confrontation and in peace, etc..

You can find the details easily on the internet if interested. Yes, some of it is "talk" considering the countries involved, but the gist overall is solid and I think many of its goals are certainly not out of the realm of possibility.

Say what you will about China, but their MO regarding dealings with other countries is solid. Sorta like the British first started doing way back in the day, i.e., find someone locally who was willing to peacefully work with them for mutually beneficial results.

Quite frankly, there are a lot of countries/people (even allies) who are sick and tired of America bringing the hammer down every time they don't get their way (all the while transferring more wealth to a select few) and destroying innocent people's lives on their merry way to the bank. That game has been way, and I mean way, overplayed.

Someone mentioned the Mir system as a rival to Swift, well it's here. Laugh if you want, but you have to start somewhere and with a few other countries on board already, the competition is real. Russia have turn that way already, albeit forcibly so IMO.

These things don't happen overnight, but this seismic economic "shift" we have just experienced this last month is most likely permanent and things are highly unlikely to return to the way they were before Feb 24, moving forward.

Unilateral governance/monetary control have hit a major obstacle and the multilateral players have set up shop.

Most of my money is in dollars for the record, so all this interests me and should anyone else in the same financial boat. Things sure do move a helluva lot faster than ever before as we're laying witness to now.   

If the Saudis start selling oil to China in Yuan, that will be a game changer. Another "not out of the realm of possibility" reality. Will going off the petrodollar with China have the same seismic shock to the dollar as what just happened to the ruble? Hard to say, but one thing is certain, the aftershock will not be pretty.
   
Coke has its Pepsi. McDonalds has its Burger King. If the Saudis go off the petrodollar and start accepting Yuan for their oil, Swift will have its Mir sooner rather than later.

Title: Re: De-Dollarisation.
Post by: Manny on March 25, 2022, 10:38:27 AM
Russia’s ex-president explains decision to ditch dollar and euro for gas trade

Dmitry Medvedev told RT that Western sanctions left Moscow no other choice

Russia had no other choice but to switch to its national currency, the Russian ruble, in its energy trade with Western nations, due to the nature of sanctions imposed on the country, the former head of state explained to RT and Ria Novosti journalists on Thursday.

Dmitry Medvedev, who served as president from 2008-2012 and is currently the deputy chairman of the Security Council of Russia, argued that President Vladimir Putin’s decision on Wednesday to switch to rubles in its energy trade with Western buyers is perfectly logical, with Moscow having no other option under the circumstances.

“They shut down the correspondent accounts for our commercial banks, made settlements in dollars and euros impossible and disconnected the banks on the sanctions list from SWIFT, at least some of them. What did they think we were going to do?” the Russian politician inquired rhetorically.

Touching on the plans to phase out Russian energy voiced by some European nations, Medvedev noted that, in the short term, such a scenario was unlikely, as that would have a devastating effect for Europe itself. The official claimed that the US, which was far less dependent on Russian energy supplies in the first place, was feeling the brunt already after its decision to stop buying Russian oil. According to Medvedev, the rising prices at the gas pump in America, with fuel prices “at a record high right now,” will damage Joe Biden’s approval ratings.

Yet, Moscow has no illusions regarding the fact that sooner or later Western countries will switch to other energy sources, Medvedev noted, hence Russia is “certainly looking at Asian markets in the current environment” and “figuring out ways to diversify our supplies.” The former president concluded that as long as European money trickled in, Russia would continue to use this source of income.

The West showed a profound lack of understanding of the Russian mentality when imposing sectoral sanctions. “They are also trying to influence the sectors of the economy that are behind this big business. And these are hundreds of thousands, millions of our people,” the Russian official argued.

Medvedev claimed that even those who don't support the government will stand by it in the face of external pressure. “They do not understand the incentives that when such pressure is applied (and this pressure is not on large entrepreneurs, not on big business, this is pressure on anyone and everyone), society is consolidated.”

Source (https://www.rt.com/russia/552675-russian-ex-president-gas-trade-europe-rubles/)
Title: Re: De-Dollarisation.
Post by: Manny on March 29, 2022, 04:22:54 AM
A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told CNBC on Wednesday. The arrangement would allow India and Russia to carry out financial operations bypassing the US dollar. Russia is effectively blocked from using US currency due to Western sanctions over the conflict in Ukraine.

According to the official, the Indian government is working on a proposal to allow up to five nationalized Indian banks to be engaged in the rupee-ruble trade mechanism, and discussions between the central bank governor, the finance minister, and the banks on the matter have already been held. The arrangement would let Indian exporters continue doing business with Russia despite sanctions banning, among other things, international payment mechanisms in the country, such as SWIFT. It would also let India continue buying Russian energy exports and other goods.

From here: India ready to bypass dollar in trade with Russia (https://www.rt.com/business/552531-india-russia-ruble-trade-deal/)
Title: De-Dollarisation buying gold at 5000 rubles to the gram
Post by: Lon on March 30, 2022, 02:26:01 AM

I saw that the Russian central bank will be buying gold from banks for 5000 rubles to the gram. March 28th through June 30th.  was that mentioned here earlier?
and now, 3 days or so into it, the ruble has gained to approx. 84-85 rubles to the dollar. not a coincidence I think (IMO)
I know a few Russians that are now buying shares in Russian gold companies
Title: Re: De-Dollarisation.
Post by: andrewfi on March 30, 2022, 03:02:36 AM
Lon, yes, that's right.

This has the look of a preprepared strategy. The economic flows are quite complex. Personally, I haven't got my head around all of it. I get the feeling that the effect is similar to underwriting the value of the ruble with gold. I don't see it as full gold backing given that it is a one way street. The deal is for buying gold, not selling it.

For sure the immediate impact would be to stabilise the value of the ruble and increase confidence in the ruble within Russia - I doubt that anyone high up in the RF wants to see a return to the nasty days of currency units (dollars) in the domestic market.
Title: Re: De-Dollarisation.
Post by: Wiz on March 30, 2022, 06:47:31 AM
Andrew

After the Bretton wood Agreement the International Reserve currency $Dollar is based/supported  not with Gold or Silver or any other valuable commodity, so if everybody stops buing Dollars... its value will go down in other ways is a toilet paper.

Obviously Bank of Russia continuing bying Gold and paying with Rubles automaticlly the Ruble is supported by gold, where the dollar is supported from Debt!

What else could Russia do, when the Banks are listening to America Government orders and stole the currency deposits, mostly in Doallars.

I think now that Soudi Arabia signed contract with China to accept Yuan instead of dollars....and the Coperation with Russia soon will bring the downfall of the dollar and china will continue buying bussines and real estate.... with the billions/or more probably Trillions of dollars is holding!

Let's hope that some normality will come to the intenational markets and world life.

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: andrewfi on March 30, 2022, 07:22:40 AM
Wiz, as I noted, the effect of the program appears to be similar to underwriting the ruble with the value of gold. It is not the same and cannot be until the process goes both ways.

However, the desired effect was clearly to stabilise and increase the value of the ruble in trading and that seems to have been achieved. We cannot be sure that this mechanism is the sole driver as the ruble was already increasing in value before the program was announced.
Title: Re: De-Dollarisation.
Post by: Wiz on March 30, 2022, 08:18:21 AM
Andrew

Can you please tell me who gave the US President to issue sanctions and steal the property of another country, legally acqouired and deposited on the Private Banks around the globe? That is shear Theft and nothing else.

If the foreign investors were suspected of money laundering why the banks did not stopped them when they brought the money over?

Clearly double faced thieves and robbery gangsters the American Administration and they blame everybody else except themselves.

 :evilgrin0002:

Title: Re: De-Dollarisation.
Post by: andrewfi on March 30, 2022, 08:25:55 AM
Wiz, those words have nothing to do with my posts above or how we understand the economic outcomes of the gold buying programme.

They may have been initiating factors, without which the programme might not have been initiated but will have little effect upon what flows from it.
Title: Re: De-Dollarisation.
Post by: Manny on April 03, 2022, 11:13:36 AM
Slovak Economy Minister says ready to pay for Russian gas supplies in rubles

Slovakia cannot give up Russian gas and will pay for supplies in rubles if needed, Slovak Economy
Minister Richard Sulik said on Sunday.

On Thursday, Russian President Vladimir Putin signed a decree stipulating that all contracts for gas
supplies with companies registered in "unfriendly" countries be settled only in rubles starting April 1.

"The [Russian] gas supplies cannot be stopped. So, although this might sound too pragmatic for
some, if there is a condition to pay [for Russian gas] in rubles, we will pay in rubles," Sulik told the
Slovak television.

Bratislava is purchasing about 85% of its gas from Russia, and even though diversification of supply
is beneficial for the country, it will take several years to achieve, the minister noted.

Europe has about six weeks to settle the current issue with payments for Russian gas supplies, he
said.

"I advocate that we act together on this issue within the framework of the European Union and seek
a common solution. But we cannot be cut off from gas," Sulik added.


Source (https://www.aninews.in/news/world/europe/slovak-economy-minister-says-ready-to-pay-for-russian-gas-supplies-in-rubles20220403191751/)
Title: Re: De-Dollarisation.
Post by: andrewfi on April 03, 2022, 02:16:27 PM
I expect that more states, or more accurately their energy companies will do this.they need to, the change is a small one in business terms and Russia is even taking on the currency risk.

Choosing to default and end the customer relationships will be a purely political matter.
Title: Re: De-Dollarisation.
Post by: Wiz on April 05, 2022, 01:46:18 PM
The Dollar Dethroned!
We Have Reached The End Of Monetary Policy,
(As We Knew It) and the world hasn't even noticed yet!

By Quoth the Raven

People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades.

But looking back, unfortunately, I’m sure history is going to be kind to these people and their prognostications. They will have been the ones who sounded the alarm in a relatively short amount of time before ultimately being proven right.

I don’t say this to brag or boast in advance in any way, I say it because I truly believe we are at the “beginning of the end” of the Keynesian economic experiment.

Less than two weeks ago, I wrote an article proclaiming that Russia would back the ruble with gold as a way to fight back against Western economic sanctions. I also made similar predictions about the new digital Chinese currency last summer when I first started Fringe Finance.

To me, since I began piecing together my understanding of macroeconomics and the global economy about a decade ago, it had become painfully obvious that the fiat system the U.S. plays by, which hinges on the dollar being the global reserve currency, had its days numbered.

The catalyst that is helping hurl us toward our monetary rude awakening faster than ever has been the war in Ukraine. Actually, it hasn’t been the war so much as it has been the West’s reaction to the war. As only blindly arrogant believers in the Keynesian dog-and-pony show could do, we rushed to cut Russia off the SWIFT system, limited investing in Russia companies and sanctioned the country’s oligarchs.

To which Russia basically replied, “OK. We still have the oil.”

[attachimg=1]

And that has been the attitude the Kremlin has adopted, for the most part. They are falling back on their country’s productive capacity when it comes to oil, continuing to do business with the Chinese, and are adding to their gold reserves. After small shocks lower in Russian markets and in the ruble, things have stabilized relatively quickly - except now, Russia has used the opportunity to make clear that they do not want to be participants in the global fiat system any longer.

And it looks like China (and likely India) feel similarly situated.

Just this weekend, the Kremlin said that sanctions against Russia would “accelerate the erosion of confidence in the dollar and Euro”. Russian propaganda or not, I think they’re right.

Russia, China and the rest of the world - having seen billions in FX reserves essentially seized without due process globally - now understand they must get off the same monetary system as the rest of the world. Russia and China, in my opinion, will be leading the charge, once again, to a new era of sound money that I believe is going to bring the U.S.’s Keynesian experiment to its knees.
Title: Re: De-Dollarisation.
Post by: AJ on April 05, 2022, 02:01:20 PM
Quote
People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades.


Last few decades

 :dh:

Yeah they will absolutely eventually be correct.
Like any broken clock right?


 the earth rotation is slowing , I predict someday this will greatly impact the  prevailing currency traded against/ in use at that time.



It's funny wiz, their is a reason the dollar is a standard.

I know it seemingly  upsets you,but every link you posts  continue to.use it as the standard to judge agaisnt.why do they do that?

That may change, but it won't change why it was the standard for the last few decades ..

My drachma are useless, my few  British pounds worth  less than before, my dollars inflation eats  that up,same with euros or aussie dollars..

And none of that has changed dramatically in my lifetime enough to change my daily life.

Oh well


Title: Re: De-Dollarisation.
Post by: andrewfi on April 05, 2022, 02:55:50 PM
AJ, the comparison is used because it remains the standard for most international trade.

But in the same way that I tend to think of the value of my crypto in Bitcoin rather than dollars, so too will people start to think I terms of other currencies.

You probably won't ever think that way because you live in the United States. Just as, when I was a kid, people in the UK still thought of everything in terms of sterling. Even though the dollar had clearly supplanted sterling 20 years earlier.

The shift will come as nations and companies buy hydrocarbons either in a synthetic currency or local currencies.

Don't forget, most of the population of the world lives in countries that have not sanctioned Russia, countries that will be buying Russian oil and other products in rubles, yuan, rupees etc.

How did the change happen? Slowly at first and then all of a sudden. When I first wrote about this process getting on for 20 years ago, I said it would take many years. But the processes were in place and visible. What we are living through right now will one day be seen as a black Swan event. An unexpected event that was unpredicted that changed the course of macro economics very rapidly.
Title: Re: De-Dollarisation.
Post by: Wiz on April 05, 2022, 03:11:47 PM
Quote
People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades.

Last few decades

 :dh:

Yeah they will absolutely eventually be correct.
Like any broken clock right?

 the earth rotation is slowing , I predict someday this will greatly impact the  prevailing currency traded against/ in use at that time.

It's funny wiz, their is a reason the dollar is a standard.

I know it seemingly  upsets you,but every link you posts  continue to.use it as the standard to judge agaisnt.why do they do that?

That may change, but it won't change why it was the standard for the last few decades ..

My drachma are useless, my few  British pounds worth  less than before, my dollars inflation eats  that up,same with euros or aussie dollars..

And none of that has changed dramatically in my lifetime enough to change my daily life.

Oh well

AJ

Obviously you are under the opinion that I don't have a clue about financial matters etc. and also that I have no idea why Nixon, that crook presindent of your nation , who established the DOLLAR as the world reserve currency in Bretton woods ! your nation run out of gold reserves  and other vakuable mettalls. Only a Crook would think and create the Fractional Reserve Banking system used today in most  financial transactions, thus creating Money out of thin Air and that is why the banks still using  the Fractional Reserve Banking for this purpose.

Sorry but I live not in coocoo land but on the real world!

 tiphat

Title: Re: De-Dollarisation.
Post by: Jonas! on April 05, 2022, 03:26:27 PM
Quote
People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades.


Last few decades

 :dh:

Yeah they will absolutely eventually be correct.
Like any broken clock right?
Looking at the here and now, it seems that the dollar is beginning to lose it's reserve status as we speak.  People have been predicting it for decades, yes, and now it seems the trend is accelerating.  Many nations are probably fed up with how we are using the dollar to their disadvantage, or they see hoops other nations wind up jumping through and don't want to continue to feed into this.   By forcing so many nations away from dollar use, we are sealing our fate...which begs the question of why we would feel the need to do this....

So what would it mean when the dollar does lose some of it's status....  What real life repercussions would there be I wonder.   
Title: Re: De-Dollarisation.
Post by: AJ on April 05, 2022, 04:17:47 PM
Andrewfifi,
Quote
AJ, the comparison is used because it remains the standard for most international trade.

Yes, this part was simply my point to wiz.
He seems to know this quite well, but gets particularly giddy at the possibility of the dollar being replaced as this standard.
There were reasons why it was, and is, the standard for so long and I believe he knows them.
If its replaced at some point,which is a certainty,  it would be much like your scenario with sterling after the dollar had fundamentally replaced it as a trading standard.
Nothing much occured different for you for  20 years as you mentioned.
Me, you ,and wiz likely are closing in on 20.years being a goal.post we may or may be lucky to  reach. :)

I agree with all you posted and appreciate the information.

Overall I was just  amusingly pointing out that wiz  , seems particularly encouraged anytime he finds a tidbit on the dollars demise, that it wont be a huge shock to.me or anyone else that the broken clock *after decades* is correct.

Wiz,
actually I know you have stated many times you played in the money's market successfully for many years,I do not doubt you at all.
I certainly do not think of you as not understanding the currency nuances.
I just get amused that someone so in tune with such a currency market really cares one way or another what standard is used to.*set* it agaisnt.
It simply doesn't matter long term to a currency trader or to.an average person.
You have been telling us for decades the dollar will die.

That change can impact world trade between countries to some degree,but in.the big picture these type of adjustments are normal,they resolve themselves , and  are expected as global.economic drivers change and you do know this,hence my slight amusement.

I'll trade in feta cheese someday, makes me no difference.
 katalavaí :) katalavno?
(Sorry I've long forgetton the  proper endings)

Jonas,
I'm sure some repercussions once this comes to.pass .
It's happened before ,it will.happen again, and then again.
That said,  the  underlying factors that drive such things,I would think would be more likely to directly reflect on  the cost of goods to.the average person in countries using that currency.
Those underlying drivers are the real issie,not which currency in the world market is used as a trade standard?

If we used pounds currently, what difference would it make?

I'm all ears, I don't doubt it would have impacts.

I also am:
1.not concerned any more than the typical.concern of regular recession depressions world wide.
2. Not married to any country or currency,and can happily live in a dozen or more if I felt it a better situation.

3.amused that the sky is always falling. Particular  about the dollar.
I'd just go fishing,hiking,riding my dirt bikes,  or go play guitar , or amuse myself by passing time  on a forum, and none of the dollars death knell bothers me a great deal.







Title: Re: De-Dollarisation.
Post by: cufflinks on April 05, 2022, 06:50:48 PM
Wizzbang has been hitting the Ouzo again.  Bretton Woods was in 1944 and the dollar was set as the World's reserve currency backed by Gold at $35/ounce.  Nixon was President in 1971 and took us off the gold standard as a response to our European trading partners demanding gold for excess dollars they got from the US generous Marshall plan to rebuild Europe after WW2...

WIZZ the European currency expert incorrectly stated:
Obviously you are under the opinion that I don't have a clue about financial matters etc. and also that I have no idea why Nixon, that crook presindent of your nation , who established the DOLLAR as the world reserve currency in Bretton woods ! your nation run out of gold reserves  and other vakuable mettalls. Only a Crook would think and create the Fractional Reserve Banking system used today in most  financial transactions, thus creating Money out of thin Air and that is why the banks still using  the Fractional Reserve Banking for this purpose.

Sorry but I live not in coocoo land but on the real world!

In the real world Harry Truman was President in 1944 after FDR died ... not Nixon as Dumbly stated by our expert Wizzbanger.  At least when LORD AFI posts he is begrudgingly ACCURATE!
Title: Re: De-Dollarisation.
Post by: Wiz on April 06, 2022, 12:43:53 AM
Wizzbang has been hitting the Ouzo again.  Bretton Woods was in 1944 and the dollar was set as the World's reserve currency backed by Gold at $35/ounce.  Nixon was President in 1971 and took us off the gold standard as a response to our European trading partners demanding gold for excess dollars they got from the US generous Marshall plan to rebuild Europe after WW2...

Cuffry, No I have not drink Ouzo since I was at Hight school.... in the 1960's but as I have already stated I have been infected with the Covid 19  and I was told that as I an not vaccinated probably will take the whole 12 + days to recover....., at the moment I am on day 6-7 and during the day get some coughing attacks which are unsettling me! Sorry for the mistakes and the way I frased my comments about Bretton Wood and Nixon, who obviously become a president later...

The Bretton Woods agreement was created in a 1944 conference of all of the World War II Allied nations. It took place in Bretton Woods, New Hampshire in July 1944.

By the early 1960s, the U.S. dollar's fixed value against gold, under the Bretton Woods system of fixed exchange rates, was seen as overvalued. A sizable increase in domestic spending on President Lyndon Johnson's Great Society programs and a rise in military spending caused by the Vietnam War gradually worsened the overvaluation of the dollar.

The system dissolved between 1968 and 1973. In August 1971, U.S. President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. While the dollar had struggled throughout most of the 1960s within the parity established at Bretton Woods, this crisis marked the breakdown of the system. An attempt to revive the fixed exchange rates failed, and by March 1973 the major currencies began to float against each other.

Since the collapse of the Bretton Woods system, IMF members have been free to choose any form of exchange arrangement they wish (except pegging their currency to gold): allowing the currency to float freely, pegging it to another currency or a basket of currencies, adopting the currency of another country, participating in a currency bloc, or forming part of a monetary union. (Notes copied from the IMF Site)

Oil shocks

Many feared that the collapse of the Bretton Woods system would bring the period of rapid growth to an end. In fact, the transition to floating exchange rates was relatively smooth, and it was certainly timely: flexible exchange rates made it easier for economies to adjust to more expensive oil, when the price suddenly started going up in October 1973. Floating rates have facilitated adjustments to external shocks ever since.

End of Bretton Woods system

In August 1971, U.S. President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. President Nixon, that crook president of your nation , then established the DOLLAR as the world reserve currency because your USA Nation run out of gold reserves  and other valuable metals.

Only a Crook, like Nixon,  in conjuction with FED would think and create the Fractional Reserve Banking system used today in most  financial transactions, thus creating Money out of thin Air and that is why now the banks are using  the Fractional Reserve Banking for this purpose.
 :coffeeread:





Title: Re: De-Dollarisation.
Post by: Markje on April 06, 2022, 12:54:57 AM

It's funny wiz, their is a reason the dollar is a standard.


The dollar has been a long-used standard in world currency for 4 reasons, with each of them you can question if that is still true and you will find out why some of the posters here talk about De-Dollarisation:

1. Dollars are available in huge quantities.
2. Dollars have little or no inflation compared to other currencies.
3. A lot of huge countries have a huge amount of dollars. (mainly the G7)
4. Dollars value are guaranteed by real goods like gold.

When we examine each reason:
1. This is starting to waver, Russia is banned from getting any Dollars and thus forces anyone trading with them not doing it in dollars.
2. This point is still true.
3. Although this point is now Minus Russia, other large countries like China and India are considering trading with eachother -NOT- in dollars.
4. Whahahahahahahahahahaha

As soon as points 1 and 3 are going to change, the dollars reserve currency for the world is changing. We see this going on right now. The consequences for this will be that the dollar is going to face inflation at an accellerated rate and the USA will suddenly find it difficult to pay interest on its loans for dollars. Other countries will start to dump dollar reserves they have accelerating point 3. As the USA is facing difficulties they will also find it more difficult to sell dollars to other countries, just like joe-blow suddenly finds his new loans at the bank -denied-.

Consequences : the USA will slowly have to pay more to import goods and thus everything for them that is manufactored in 'cheap' china will become more expensive. China knows this which is why they have artificially deflated the yuan a long time to keep American companies producing in China. But it seems chinese policy is also changing on that.

Mark.
Title: Re: De-Dollarisation.
Post by: Markje on April 06, 2022, 01:01:48 AM
Also, for those of you who are astonished the war has not yet created huge inflation in Russia:

1. Roubles are available in huge quantities.
2. Roubles have little or no inflation compared to other currencies.
3. A lot of huge countries have a huge amount of Roubles. (mainly the G7)
4. Roubles value are guaranteed by real goods like gold.

1. As Russia is now forced to trade more in Rouble with non-sanctioned parties, the rouble's availability is rising.
2. This is wavering because of the war, but the trend is in long-term it is a stable currency
3. China + India are buying Roubles because they want their grain/potash/oil/whatever.
4. Yes.

Title: Re: De-Dollarisation.
Post by: Jonas! on April 06, 2022, 06:14:40 AM

It's funny wiz, their is a reason the dollar is a standard.


The dollar has been a long-used standard in world currency for 4 reasons, with each of them you can question if that is still true and you will find out why some of the posters here talk about De-Dollarisation:

1. Dollars are available in huge quantities.
2. Dollars have little or no inflation compared to other currencies.
3. A lot of huge countries have a huge amount of dollars. (mainly the G7)
4. Dollars value are guaranteed by real goods like gold.

When we examine each reason:
1. This is starting to waver, Russia is banned from getting any Dollars and thus forces anyone trading with them not doing it in dollars.
2. This point is still true.
3. Although this point is now Minus Russia, other large countries like China and India are considering trading with eachother -NOT- in dollars.
4. Whahahahahahahahahahaha

As soon as points 1 and 3 are going to change, the dollars reserve currency for the world is changing. We see this going on right now. The consequences for this will be that the dollar is going to face inflation at an accellerated rate and the USA will suddenly find it difficult to pay interest on its loans for dollars. Other countries will start to dump dollar reserves they have accelerating point 3. As the USA is facing difficulties they will also find it more difficult to sell dollars to other countries, just like joe-blow suddenly finds his new loans at the bank -denied-.

Consequences : the USA will slowly have to pay more to import goods and thus everything for them that is manufactored in 'cheap' china will become more expensive. China knows this which is why they have artificially deflated the yuan a long time to keep American companies producing in China. But it seems chinese policy is also changing on that.

Mark.

Sensible analysis of consequences if when the dollar loses it's status.    There is a portion of the populace here in the states that likes to criticize china for the goods they have been manufacturing FOR us.  Calling them 'cheap'.  It seems that soon we will have little choice but to make our own stuff, or do without.  We shall see if we wind up going USA made goods 'cheap' at that point, although I'm not convinced our current populace is up to the task at all. 

Jonas! 
Title: Re: De-Dollarisation.
Post by: Texan77 on April 06, 2022, 07:32:58 AM
Modern USA factories will not employ many people at all. They will be run by robots and yes people will complain the products are cheap. The labor-intensive products are produced in Mexico and soon in central America when that labor gets too high there. What is not known here to most RU posters or at least not understood is we will stop buying European products if the dollar loses value in Europe. This is a huge problem for the Europeans and Brits. So, for now and a while into the future is everyone want to pretend the dollar is good because if it is not, it is a huge global problem. There is no currency to replace the dollar. The euro was design to replace the dollar and it fell short. China will not let enough of its currency out of the country to do trade with and for good reason. The system of using a different currency for each country pair will be hugely less efficient.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 06, 2022, 07:55:15 AM
When it comes to what we often call dollar hegemony one can get all technical (and often wrong) or we can make things much more simple.

I prefer simple.

So, here's what dollar hegemony means in simple (and accurate within limits) terms.

Some necessary assumptions:
1) Inflation is a general increase in prices within an economy. Economists differ in the following, but my training is that inflation is a decrease in the value of a currency.
2) If there is no increase in the amount of currency in circulation within an economy and there is no increase in productivity then there can be no inflation. Inflation is based on the supply of money within an economy.
3) If productivity increases (output of the economy per unit labour) at the same rate as the supply of money then there will be no inflation.

As we know the money supply in the United States has been growing, the rate of growth has been accelerating hugely in recent years, but even 20 years ago we could see that the money supply was growing faster than productivity was rising. (Increase money supply by 10%  per year and productivity by 7% per year and the result will be 3% inflation.)

The U.S in various forms recognised the issue. It was why the US came off the gold standard and closed the gold window.

The only way to keep inflation lower than would be expected when productivity does not increase to match is to move money out of the national economy to 'some other place'. There are tricks that can be employed, but they are short term and limited in scope.

Clever people in the USA understood the issue. Moving off the gold standard solved the problem of having to pay out ever more dollars per unit gold but only gave a very short respite. So, the clever people came up with a cunning plan. They came up with a way to permanently export US dollars from the national economy to the rest of the world. The plan was to tie the dollar to Saudi Arabian oil. The Saudis got stuff in return, but they agreed to not sell oil in riyals (Saudi currency) but in dollars. So, every country that wanted to buy Saudi oil needed to buy (import) US dollars which limited the number of dollars in circulation in the US national economy. This, in turn, kept inflation at bay - of course, not entirely!

Of course, over time, the dollar became ever more the default currency, after all, every nation had huge bundles of dollars sitting in central bank accounts and this made the process of keeping domestic inflation even more effective.

I will not go into the macroeconomic effect of this process on the global economy, but it has been huge!

OK, so that's the WHY of dollar hegemony. There are hundreds of entire books written on the topic so please do not criticise me on any point that is generalised for simplicity and brevity!

Dollar hegemony is akin to a drug for the US economy. As soon as one stops taking the drug, the withdrawal effects are painful and possibly fatal!

Every time a barrel of oil is paid for in a currency other than the dollar, those dollars end up, with some delay, back in the US national economy. Each of those dollars serves to increase the money supply within the economy and, from our assumptions, we know that this results in inflation.

The only way to keep those dollars away from the US economy is to keep international purchasing payments in dollars.
I will ignore the fact that even for the exported dollars (often called petrodollars) there are limits because stability depends upon continued economic growth worldwide to ensure that more and more dollars are used in international trade.

The United States is fully aware of the need to keep exported dollars away from the national economy. It has been the cause of wars and regime change. However, it could be seen a couple of decades ago that the process of dollar export was finite. At some point, the export would slow. The slowing of dollar export is good enough to wreck the US national economy. As long as there is less demand for exported dollars than the production of dollars then inflation starts to rear its head.

So, today, what is happening?
I described the current events in respect of US and EU sanctions on Russia as a black swan event - an unpredicted, but a not unpredictable event that causes a rapid an unforeseen change.

For nations to attack another country's central bank is almost unprecedented (and illegal) and only legal during times of declared war upon the target country. It has happened before, but only to relatively impotent nations and economies such as Afghanistan, Iran and Venezuela.

This attack is on an economy that is key to the global economy. This has been noticed. Russia has been forced to move away from the dollar as a unit of account for its imports and exports. This has the effect of causing dollars to be repatriated to the United States' national economy driving inflation (with some delay).
Worse than that are the secondary effects. Dollar hegemony depends upon the United States keeping its promises to pay the bearer on demand. Demonstrating that this promise can be broken due to political will means that trust in the dollar and the issuing central bank is inevitably reduced.

When trust reduces, the tendency to use the currency is reduced. Over time (months or years - possibly weeks) countries that do not have significant economic ties to Russia will make choices about how to hold their reserves. They may not entirely stop using the dollar, but a reduction is a reduction.

This created a negative cycle. Each dollar repatriated to the US national economy adds to inflation within the economy. As inflation increases the number of dollars required to make a purchase increases. That makes the dollar less safe to hold over time and so central banks and governments will reduce their dollar holdings again. Round and round it goes, getting faster at each turn.

In time the devaluation of the dollar and increasing interest rates (which are a product of the value and risk of holding the currency) increase making it harder for the US to take out new and repay old loans. This reduces the spending that the US can undertake - and guess which is just about the most costly part of the US economy? The military!

The US armed forces are the tool sued to enforce dollar hegemony. Without an enforcer, states will make their own free choices in their own best interests.

The shocking thing is that there are plenty of people in the USA who know all this. But the elected government chose to shatter the state's responsibility to ensure the good performance of the dollar. The sanctions imposed upon Russia have made the very tool that will hasten the end of dollar hegemony.

To repeat once again, this is a very highly simplified account of affairs. There are many complicating factors but if you think of dollar hegemony as being the main mechanism that enables the USA to have relatively low inflation and a standard of living that is not commensurate with its real economy then you will not be off the mark.

You guys sanctioned yourselves by ignoring the advice and protestations of the experts in the various related fields who were not given input into the damaging political decisions.






Title: Re: De-Dollarisation.
Post by: Jonas! on April 06, 2022, 08:30:44 AM
When it comes to what we often call dollar hegemony one can get all technical (and often wrong) or we can make things much more simple.

I prefer simple.

So, here's what dollar hegemony means in simple (and accurate within limits) terms.

Some necessary assumptions:
1) Inflation is a general increase in prices within an economy. Economists differ in the following, but my training is that inflation is a decrease in the value of a currency.
2) If there is no increase in the amount of currency in circulation within an economy and there is no increase in productivity then there can be no inflation. Inflation is based on the supply of money within an economy.
3) If productivity increases (output of the economy per unit labour) at the same rate as the supply of money then there will be no inflation.

As we know the money supply in the United States has been growing, the rate of growth has been accelerating hugely in recent years, but even 20 years ago we could see that the money supply was growing faster than productivity was rising. (Increase money supply by 10%  per year and productivity by 7% per year and the result will be 3% inflation.)

The U.S in various forms recognised the issue. It was why the US came off the gold standard and closed the gold window.

The only way to keep inflation lower than would be expected when productivity does not increase to match is to move money out of the national economy to 'some other place'. There are tricks that can be employed, but they are short term and limited in scope.

Clever people in the USA understood the issue. Moving off the gold standard solved the problem of having to pay out ever more dollars per unit gold but only gave a very short respite. So, the clever people came up with a cunning plan. They came up with a way to permanently export US dollars from the national economy to the rest of the world. The plan was to tie the dollar to Saudi Arabian oil. The Saudis got stuff in return, but they agreed to not sell oil in riyals (Saudi currency) but in dollars. So, every country that wanted to buy Saudi oil needed to buy (import) US dollars which limited the number of dollars in circulation in the US national economy. This, in turn, kept inflation at bay - of course, not entirely!

Of course, over time, the dollar became ever more the default currency, after all, every nation had huge bundles of dollars sitting in central bank accounts and this made the process of keeping domestic inflation even more effective.

I will not go into the macroeconomic effect of this process on the global economy, but it has been huge!

OK, so that's the WHY of dollar hegemony. There are hundreds of entire books written on the topic so please do not criticise me on any point that is generalised for simplicity and brevity!

Dollar hegemony is akin to a drug for the US economy. As soon as one stops taking the drug, the withdrawal effects are painful and possibly fatal!

Every time a barrel of oil is paid for in a currency other than the dollar, those dollars end up, with some delay, back in the US national economy. Each of those dollars serves to increase the money supply within the economy and, from our assumptions, we know that this results in inflation.

The only way to keep those dollars away from the US economy is to keep international purchasing payments in dollars.
I will ignore the fact that even for the exported dollars (often called petrodollars) there are limits because stability depends upon continued economic growth worldwide to ensure that more and more dollars are used in international trade.

The United States is fully aware of the need to keep exported dollars away from the national economy. It has been the cause of wars and regime change. However, it could be seen a couple of decades ago that the process of dollar export was finite. At some point, the export would slow. The slowing of dollar export is good enough to wreck the US national economy. As long as there is less demand for exported dollars than the production of dollars then inflation starts to rear its head.

So, today, what is happening?
I described the current events in respect of US and EU sanctions on Russia as a black swan event - an unpredicted, but a not unpredictable event that causes a rapid an unforeseen change.

For nations to attack another country's central bank is almost unprecedented (and illegal) and only legal during times of declared war upon the target country. It has happened before, but only to relatively impotent nations and economies such as Afghanistan, Iran and Venezuela.

This attack is on an economy that is key to the global economy. This has been noticed. Russia has been forced to move away from the dollar as a unit of account for its imports and exports. This has the effect of causing dollars to be repatriated to the United States' national economy driving inflation (with some delay).
Worse than that are the secondary effects. Dollar hegemony depends upon the United States keeping its promises to pay the bearer on demand. Demonstrating that this promise can be broken due to political will means that trust in the dollar and the issuing central bank is inevitably reduced.

When trust reduces, the tendency to use the currency is reduced. Over time (months or years - possibly weeks) countries that do not have significant economic ties to Russia will make choices about how to hold their reserves. They may not entirely stop using the dollar, but a reduction is a reduction.

This created a negative cycle. Each dollar repatriated to the US national economy adds to inflation within the economy. As inflation increases the number of dollars required to make a purchase increases. That makes the dollar less safe to hold over time and so central banks and governments will reduce their dollar holdings again. Round and round it goes, getting faster at each turn.

In time the devaluation of the dollar and increasing interest rates (which are a product of the value and risk of holding the currency) increase making it harder for the US to take out new and repay old loans. This reduces the spending that the US can undertake - and guess which is just about the most costly part of the US economy? The military!

The US armed forces are the tool sued to enforce dollar hegemony. Without an enforcer, states will make their own free choices in their own best interests.

The shocking thing is that there are plenty of people in the USA who know all this. But the elected government chose to shatter the state's responsibility to ensure the good performance of the dollar. The sanctions imposed upon Russia have made the very tool that will hasten the end of dollar hegemony.

To repeat once again, this is a very highly simplified account of affairs. There are many complicating factors but if you think of dollar hegemony as being the main mechanism that enables the USA to have relatively low inflation and a standard of living that is not commensurate with its real economy then you will not be off the mark.

You guys sanctioned yourselves by ignoring the advice and protestations of the experts in the various related fields who were not given input into the damaging political decisions.
DAMN!  I've never read a better explanation of how dollar hegemony works.   Thanks for taking the time to write this up. 

It would seem many of those printed dollars are finding their way back to the US economy causing inflation.  Currently the dollar is still in pretty good shape abroad, so in that respect it may be a good time to use some of the dollars buying a fixed asset such as a home. 

Some of what you stated seems to be why the fed is talking about rising rates quickly this time, for real.  Perhaps they are anticipating the repatriotization of those dollars from abroad, and are trying to counteract it in some way.  How to financially strategize a beneficial path forward can be complicated if one dwells on it.   

Jonas! 
Title: Re: De-Dollarisation.
Post by: dorbradavid on April 06, 2022, 08:35:02 AM
So, here's what dollar hegemony means in simple (and accurate within limits) terms.

Some necessary assumptions:
1) Inflation is a general increase in prices within an economy. Economists differ in the following, but my training is that inflation is a decrease in the value of a currency.
2) If there is no increase in the amount of currency in circulation within an economy and there is no increase in productivity then there can be no inflation. Inflation is based on the supply of money within an economy.
3) If productivity increases (output of the economy per unit labour) at the same rate as the supply of money then there will be no inflation.


Kudos to you.  :8)
Title: Re: De-Dollarisation.
Post by: AJ on April 06, 2022, 09:17:03 AM
Quote
it has been the cause of wars and regime change.

Certainly.
Libya trying to bind oil to gold as example?

Again ,I never disputed any of this,or wizs links, just amused that he linked a source referencing the dollars demise for decades,  and the author patting himself on the back for such if* he is finally correct,( the author's own take)
That's just a tad amusing.
(So is wiz's own calls for  such, since  he seemingly has been preaching it since the day he found the net lol)

It's like predicting the sun will  set, certainly if you watch it long enough it will,each day.
Granted you can hop a west bound flight and change it some.

This dollar dying flight has spanned decades is all, 600+ posts later about it.

40% of my business is international, I'm not immune to currency fluctuations or domestic inflation.

Fortunately for me when the dollar is down agaisnt the Euro ,Canadian or aussie dollar,etc,  my business flips to 60 or 70% international vs domestic ,and I don't see much of a hiccup. When the dollars particular strong,  I see a reversal trend of that,  but stays steady and increasing overall.
A large domestic or international recession would certainly effect me, and every other vendor I have ,or person I know. Maneuvering within that is what keeps any small biz viable. These things are beyond my control,so I only sweat them.enough to attempt to manauver the best I can.
I dont gleefully hope the rouble dies,or the lira,or the euro ,or the dollar.

I don't pine for the days of the gold standard, it has proven that currency markets floating against each others  value  are not a  particularly bad thing.

Good or bad the world moved into
Percieved* value of stocks,commodities/currency long ago.

That's the workd we live in and hsve for a long time.
Not one were we are  trading feta per ounce  for *x*ounces of olive oil.But that works too.

One thing I would like to see addressed in a global.scale is regulation in  market trading.
The system in place I simply dont feel.ever anticipated the speed that
percieved value in large scale could be traded, and therefore changed.

There needs some safety checks or limits on time.
I'm typically against controlling regs,but I do feel a time frame of hold vs sale needs to exist beyond the current structure 🤷‍♂️
Title: Re: De-Dollarisation.
Post by: andrewfi on April 06, 2022, 11:04:18 AM
Jonas!

It may not be possible to increase interest rares significantly. Those rates must, for loans, be paid by debtors who cannot afford to do so. If that happens then output will fall as consumers make a choice to stick with 'old' goods longer because credit at rates that reflect real inflation are unaffordable.

One thing I expect to see is encouragement to invest in crypto. Long term it is bad for all fiat currencies. It the shirt term, a nice crypto bubble serves to extract dollars out of the economy and into the hands of people disinclined to spend them. Later, one might conceivably engineer (if it can be done) a crypto crash. That's have the effect of destroying the dollars that went into the crypto market. Of course, this mechanism would serve to export dollars out of the US economy as well. Folks in the Philippines, Ukraine, El Salvador, for example, will be holding the bag.

Anyway, at a certain point, uncontrolled inflation or default are the two only options. With perhaps high uncontrolled inflation followed by default.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 06, 2022, 12:58:10 PM
Jonas! When I was first writing about dedollarisation/failure of the dollar, I was suggesting that the process was under some form of management by other major economies and possibly even with tacit agreement with the US Federal Reserve.

The reason for that was the manner in which the process, which was visible, was being managed. Of course I have no proof of this, only empirical observation supported by trained knowledge.

The last thing any economy needs is an unmanaged and chaotic end for the US Dollar dominance. That would occur if central banks chose to dump their dollar assets - cash, treasuries, bonds and other instruments.

It was possible to see a slow downward trend in holdings (with some deviation). Some countries were fastidious about maintaining a dollar peg, even to the detriment of their own national economies (China) and also using cash holdings to buy US based assets. All activities that supported the idea that the US decline was being managed from outside the United States.

A few years ago, it seemed that any US cooperation came to an end. But the slow overall process continued. China and Russia had no interest in tanking the US economy because the likely outcome would be war as the US sought to gamble big on global domination before the opportunity was lost.

Right now, I think we are at that point. The US is lashing out against 'the world' the EU is suffering terribly - a desired outcome. Russia is supposed to be suffering - except autarky and a very strong economy driven by leadership in many commodity and technical areas. On a side note, I wonder where Russia would be if they had not needed to focus on defence technologies and rebuilding the armed forces almost from the ground up.

Russia is isolating itself from the coming storm and moving toward a hard ruble backed by commodities and energy. China is taking a slightly different direction. India is keen to go along with Russia and whatever China does and all, along with other Eurasian economies, are already well along with an alternative synthetic currency.

Being  the global reserve currency (dollar hegemony) is not a magic bullet for an underproductive economy! So nobody wants to take it on - hence a synthetic global (or at least Eurasian) currency.

I also think that Russia and China, along with, possibly, some other states are at about the 'bugger it' stage and may now be willing to cut the US loose and damn the short term economic and military cost . Russia has been working toward autarky for almost 20 years.

Oddly, many other countries seem not to have noticed what Russia has achieved (economy smaller than Italy? What are these USAian experts smoking?)

China cannot be an autarky but has been working assiduously on their supply networks to attain independence from the USA. And here again, the US shot themselves in the foot. I mean, what exactly did the US leadership think would happen when they tried to cut China off from the goods and services it needs? The only thing that could happen is that China would replace those goods and services in the home market. They built up land based logistics networks, built relationships in Asia, Africa, Eurasia and even Europe.

My only conclusion here is that the USAian leadership was unable to understand the Chinese context, seeing everything in terms of what similar action would bring to the USA. And, yes for the USA it'd be disastrous due to the hollowing out of US manufacturing through providing perverse incentives that made it impossible for manufacturers to remain in the USA. US based businesses were forced to offshore manufacturing. I saw thus at first hand when I was studying at Fudan University, possibly the foremost economics centre of excellence in the field in China.

We were taught and shown what was going to happen in the USA. Those guys knew it. This was back in 2001. To be honest, it was blindingly obvious when one reframed the issues away from a US-centric perspective.
Title: Re: De-Dollarisation.
Post by: Wiz on April 06, 2022, 02:05:25 PM
Andrew

Thanks for your extensive post, which manage to read, well done.

Meanwhile I just wonder what exactly is the usa external National Dept?

I read somewhere that it is not 29 trillion Dollars,  as they advertise it in an article but more lnear to 230 Trillion Dollars...?
Title: Re: De-Dollarisation.
Post by: andrewfi on April 06, 2022, 02:07:43 PM
More background and infilling of some details I mentioned above.
Particularly info about the planned synthetic currency to be used as a replacement for the dollar in international trade.

https://scheerpost.com/2022/04/04/ellen-brown-the-coming-global-financial-revolution-russia-is-following-the-american-playbook/

There's some parts I don't agree with but then I am just a forum poster with a little background knowledge.

Anyway, it's worth a read.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 06, 2022, 02:16:20 PM
Wiz, sorry, I have no idea about the size of the US external debt.

To be honest, from what I know it'd be hard to estimate because it would depend on definitions and inclusions. The larger number may refer to items such as derivatives trades which we tend to forget about as its pretty esoteric stuff that most of us, including myself have no direct contact with or understanding of.

Worth remembering that forex trading and derivatives denominated in dollars are orders of magnitude greater than the value of dollars used in trade in goods and services. That could be important because those derivatives trades are dependent, as any market price is, on market confidence.

If confidence in the dollar were to take a hit in a serious way the global effects of derivatives trades going bad would be catastrophic. Governments do not, as far as I am aware, have much control over these trades. The fallout of a single nuke over Wall Street might be more damaging than many nuclear weapons landing across the continental USA in an all out war. (using hyperbole there, but it'd be the end for the USA and many other economies.)
Title: Re: De-Dollarisation.
Post by: Jonas! on April 06, 2022, 04:44:14 PM
Jonas!
 
One thing I expect to see is encouragement to invest in crypto. Long term it is bad for all fiat currencies. It the shirt term, a nice crypto bubble serves to extract dollars out of the economy and into the hands of people disinclined to spend them. Later, one might conceivably engineer (if it can be done) a crypto crash. That's have the effect of destroying the dollars that went into the crypto market. Of course, this mechanism would serve to export dollars out of the US economy as well. Folks in the Philippines, Ukraine, El Salvador, for example, will be holding the bag.


Fascinating thoughts on Crypto.   To this point it seems the US has been discouraging Crypto.   Using it as a storage depot before crashing it, hence preventing the dollars from other causing inflation is quite a scheme.   Making sure suckers from abroad are holding the bag is brilliant.   I have never heard this before, did you come up with it or is this something that others have also thought of as plausible... 

Jonas!         
Title: Re: De-Dollarisation.
Post by: andrewfi on April 06, 2022, 06:25:11 PM
As far as I know, that one's mine. I'm certainly not reporting something I've seen elsewhere.

The thought occurred to me when stimmie checks were going out and a lot of folks were dropping the money into crypto.

In the scenario I sketched out, it wouldn't be just foreigners who's be the bag holders, but for sure they'd be sharing the pain. But in the main, if my thinking is about right a crypto crash would have the effect of burning a lot of dollars that had been invested in an asset worth much less than before the hypothetical crash.

I am still buying crypto though. ;) IMHO the political fallout of a government instigated crash would be huge, even if it happened at todays prices. But a crash is not necessary for crypto to serve as a sink for dollars.

The US has been cautious but on the whole positive on crypto and IIRC the US is now the largest producer of new Bitcoins after China closed down mining operations.

There's a lot of tax revenue to be had from crypto holders and miners.
Title: Re: De-Dollarisation.
Post by: Wiz on April 06, 2022, 10:05:59 PM
Andrew
 I must thank you for posting this article with the very insightful assessment and instructive historical precedent raised and presented in a modern context..

Obviously, due to my age, I was aware of most of the historical facts now niceley writen and presented at this article. THANK YOU VERY MUCH.

Having been infected with Coronavirus and been in the 8-9 day(most critical)  period before becoming negative again, I have to admit that my concestration is not at it's best position and yesterday I had to visit the A&E for a complete check..... Luckiliy my oxygen levels are satisfactory and I hope to get through without any more problems.

Title: Re: De-Dollarisation.
Post by: andrewfi on April 08, 2022, 06:15:25 AM
Well, Wiz, the lurgey didn't get you and now you have the best natural vaccine available.

Title: De-Dollarisation.
Post by: 2tallbill on April 08, 2022, 09:55:18 AM
2) If there is no increase in the amount of currency in circulation within an economy and there is no increase in productivity then there can be no inflation. Inflation is based on the supply of money within an economy.

 :laugh:

Too simplistic. Money supply is a factor, but a thousand things affect
inflation.

If there is a hurricane the price of plywood increases 800% near the
coast. Did the money supply change? If Iran were to invade Saudi Arabia
the price of energy would go up along with 10,000 other things that are
manufactured with energy, or shipped with oil. Iran invading Saudi Arabia
causing scarcity of oil would be the cause, not money supply.

Too much money chasing too few goods causes inflation. There are two
sides to that equation. Money supply is only one side. Scarcity of goods
is on the other side.

Before oil was taken out of the ground for lamp oil, we used whale oil.
Whales got more rare and the price of whale oil went way up. Money
supply didn't change.

My Dad bought a computer for over $20K back in the 1970's.
Money supply increased a zillion times, computers cost less
than a $1,000.00.

I don't need to list a hundred examples. Money supply is a big factor
but there are many others.

Title: Re: De-Dollarisation.
Post by: andrewfi on April 08, 2022, 10:28:30 AM
Bill, you are confused about the difference between specific price rises and inflation.

Inflation can be (is) defined as a general increase in the levels of prices within an economy.
The price of wood following an event that calls for an increased demand for wood is not inflationary.

Also, please note that I made it abundantly clear in my posts above that I was simplifying and generalising. But your point is a simple error of fact.

Title: Re: De-Dollarisation.
Post by: 2tallbill on April 08, 2022, 11:12:04 AM
Bill, you are confused about the difference between specific price rises and inflation.

Inflation can be (is) defined as a general increase in the levels of prices within an economy.
The price of wood following an event that calls for an increased demand for wood is not inflationary.

Also, please note that I made it abundantly clear in my posts above that I was simplifying and generalising. But your point is a simple error of fact.

Andrew, you are confused by the causes of inflation. Increases in energy costs
can cause general increases of prices of nearly every good or service in an economy.
Increases in energy costs are rarely caused by excess money supply. They are
generally caused by scarcity of energy supplies to meet demand.

You misunderstood my points. Different things can cause inflation to happen. That was
my point and it is a fact. Excess money supply is just one thing that can cause inflation.

Title: Re: De-Dollarisation.
Post by: andrewfi on April 08, 2022, 11:16:19 AM
Bill, you forget, this is my 'thing'. This is stuff I know about.

here to help you understand what inflation is and what it's cause is:
https://www.investopedia.com/terms/i/inflation.asp

From the article:
Quote
An increase in the supply of money is the root of inflation, though this can play out through different mechanisms in the economy. Money supply can be increased by the monetary authorities either by printing and giving away more money to the individuals, by legally devaluing (reducing the value of) the legal tender currency, more (most commonly) by loaning new money into existence as reserve account credits through the banking system by purchasing government bonds from banks on the secondary market.

In all such cases of money supply increase, the money loses its purchasing power. The mechanisms of how this drives inflation can be classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation.

Prices can go up for all sorts of reasons, but inflation is related to the amount of money in the economy.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 08, 2022, 01:47:04 PM

Prices can go up for all sorts of reasons, but inflation is related to the amount of money in the economy.

Everything is so simple for you because you leave out so much. The west is in a pile of crap, but it is far more complex than what you say. Shortage also cause inflation. Everything is in short supply and about to get worse. Not enough workers, not enough transportation for goods, not enough ports, not enough lumber, not enough oil, not enough gas and the list goes no. Creating more money does not create more stuff at this time because it is not a shortage of money that is causing the supply problem. USA getting ready to take a huge amount of money out of circulation then watch the S**t hit the fan.

Below copied from a private source

The Federal Reserve plans to pull $95 billion per month from the economy during 2022, a pace to take out $1.2 Trillion of U.S. Dollar liquidity from the U.S. economy in one year, its new policy of Quantitative Tightening to try and reduce the hyperinflation going on. To end hyperinflation requires a "shock" to the economic system. To reverse hyperinflation requires slowing consumer spending dramatically. The last time the U.S. economy experienced hyperinflation was in the late 1970s into the early 1980s. The method chosen by the Federal Reserve back then was to raise interest rates to 20 percent. It was drastic policy action. It worked. But the pain the consumer felt was significant.

The Fed is talking about raising interest rates aggressively soon and continuously throughout 2022. However, there is one other way to reduce hyperinflation, and that would be to crash the stock market, wiping out a large portion of the investment accounts held by consumers, which would have the effect of reducing consumer spending.

The expectation from this desk is that it will not take too many ½ point interest rate rises by the Fed to spook the stock market into a crash, especially as it is also pulling $95 billion of money from the economy by unloading that amount of securities sitting on its balance sheet.

But here is one of the compounding problems in the current economy: The supply of goods is low, not because of strong demand, but because of disruptions to production from resource constraints, labor constraints, and underutilization of plant capacity in spite of strong demand. There is an imbalance between supply and demand that is not explainable by price. In other words, this inflation is different than other inflations of the past. The Fed has to attack demand, however demand for necessities is hard to curtail, especially when there are already shortages of supplies, which makes curtailing inflation especially difficult. Supply has to increase for inflation to regress back to the mean. Supply issues have to be addressed for this fight against inflation. Just attacking Demand for goods will not work. 

All this means we are headed for a Recession -- a deep one. 
Title: Re: De-Dollarisation.
Post by: Jonas! on April 08, 2022, 02:03:01 PM

Prices can go up for all sorts of reasons, but inflation is related to the amount of money in the economy.

Everything is so simple for you because you leave out so much. 
I think he was talking mainly about dollar hegemony which was a very good explanation in my opinion.


Prices can go up for all sorts of reasons, but inflation is related to the amount of money in the economy.

 
But here is one of the compounding problems in the current economy: The supply of goods is low, not because of strong demand, but because of disruptions to production from resource constraints, labor constraints, and underutilization of plant capacity in spite of strong demand. There is an imbalance between supply and demand that is not explainable by price. In other words, this inflation is different than other inflations of the past. The Fed has to attack demand, however demand for necessities is hard to curtail, especially when there are already shortages of supplies, which makes curtailing inflation especially difficult. Supply has to increase for inflation to regress back to the mean. Supply issues have to be addressed for this fight against inflation. Just attacking Demand for goods will not work. 

All this means we are headed for a Recession -- a deep one. 

Interesting.   In the past several months I've seen a nosedive in demand for my goods.  Construction tools, and housewares primarily.   People don't want to spend the money, nor do they want to drive to get stuff that is optional.  At least for me, we are already in a recession.    I attribute some of this to the fact that Biden gave out Earned Income Credit throughout the year, rather than the typical lump sum people would be getting in Feb-May.  Normally I see a spike when people start getting their free money, but not this year.

Jonas!   

Title: Re: De-Dollarisation.
Post by: andrewfi on April 08, 2022, 05:14:05 PM
Fun to know and according to the incorrect but commonly held idea that inflation is any price rise, inflation . It isn't.

Please learn about inflation at the link I provided. The language used is not technical, it is aimed at the literate layman.

Inflation is always about the oversupply of money in the economy.

Please, before trying to invent new concepts without the benefit of basic knowledge or understanding, take the time to learn something about the subject.
Title: Re: De-Dollarisation.
Post by: Manny on April 08, 2022, 11:21:04 PM
You misunderstood my points. Different things can cause inflation to happen. That was
my point and it is a fact. Excess money supply is just one thing that can cause inflation.

My son is studying economics and they are certainly teaching them about three types of inflation, and demand pull, as with the plywood Bill mentioned, is one.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 09, 2022, 12:16:24 AM
Nope, Manny.
Yes, demand pull inflation is a thing. It is described in the linked article. It is not what Bill claimed.

However, the price of a single type of good going up is not a demonstration of inflation.

Go back to the definition of inflation.
Inflation is a GENERAL increase in prices.

The increase in price of a single good may be due to inflation but only by noting that the prices of other goods and services have gone up at the same time can we understand that as being inflationary.

To help again, a definition:
Quote
When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up. This is the most common cause of inflation
.

Note the use of the word aggregate. Demand pull is again about a general trend, not a specific item.
So, the demand for wood following a storm, in a small part of the economy, leading to a price increase in that single good, by itself, is not inflationary.

If the price increase was part of a general increase in prices across the economy in question, due to increased demand outweighing supply, then that's inflation. But that wasn't Bill's claim.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 11, 2022, 10:58:02 AM
Here is an interesting article. It is published on a gold-interest site and so is biased toward that topic. However, it goes into a good explanation of what is going on in macroeconomic terms globally. It is quite a long read but worth the time spent doing so.

https://www.goldmoney.com/research/goldmoney-insights/the-commodity-currency-revolution
Title: Re: De-Dollarisation.
Post by: Wiz on April 11, 2022, 02:10:56 PM
When it comes to what we often call dollar hegemony one can get all technical (and often wrong) or we can make things much more simple.

I prefer simple.
Here is an article where an expert, MICHAEL HUDSON, explains in simple terms what actually is taking place, now,  in the world!

US Dollar Hegemony Ended Abruptly Last Wednesday!!!

MICHAEL HUDSON - Interview with Margaret Flowers, Clearing the Fog

(https://www.unz.com/wp-content/uploads/2022/03/shutterstock_785880961-600x397.jpg)

Read here the whole interview:
US Dollar Hegemony Ended Abruptly Last Wednesday (https://www.unz.com/mhudson/us-dollar-hegemony-ended-abruptly-last-wednesday/)
Title: Re: De-Dollarisation.
Post by: Wiz on April 12, 2022, 05:24:43 AM
When it comes to what we often call dollar hegemony one can get all technical (and often wrong) or we can make things much more simple.

I prefer simple.
Here is an article where an expert, MICHAEL HUDSON, explains in simple terms what actually is taking place, now,  in the world!

US Dollar Hegemony Ended Abruptly Last Wednesday!!!

MICHAEL HUDSON - Interview with Margaret Flowers, Clearing the Fog

(https://www.unz.com/wp-content/uploads/2022/03/shutterstock_785880961-600x397.jpg)

Read here the whole interview:
US Dollar Hegemony Ended Abruptly Last Wednesday (https://www.unz.com/mhudson/us-dollar-hegemony-ended-abruptly-last-wednesday/)


Title: Re: De-Dollarisation.
Post by: Texan77 on April 12, 2022, 07:19:54 AM


US Dollar Hegemony Ended Abruptly Last Wednesday!!!


In your mind the has dollar ended every Wednesday for the last twenty years.  :dh:
Title: Re: De-Dollarisation.
Post by: Manny on April 12, 2022, 11:35:07 AM
Its finished now, Tex. Now oil and gas aren't using the dollar so much, it will have a big impact. Russia is going full speed now to dedollarise, it had been a gentle transition before. That's billions of dollars that will now be in Roubles. Why the Rouble has recovered. It's truly a master stroke by Russia.
Title: Re: De-Dollarisation.
Post by: Wiz on April 12, 2022, 01:25:12 PM


US Dollar Hegemony Ended Abruptly Last Wednesday!!!


In your mind the has dollar ended every Wednesday for the last twenty years.  :dh:

Tex is it my fault that you have not 1 gram of common sense. I am very sorry but I can't help you to get a commonon sence. Find a baby dol to keep you bussy....... and stop making silly comments and continue obstructing serious converation about important subjects that affect the life of many million people due to your ignorance.

Manny, visit the site of LBC and you will find the admission of who attacked the Train station in Bucha and also you will read about Boris Fine's for the parties!

Do you watch live Russia Today? if not let me know.....

BTW I mentioned yesterday that Putin is not bombing the shelters of the AZOV in Marioupol because some big Nato nobs are sheltering there.... the Greek channel who is getting accurate info from Ukraine today mentioned that there are 6-8 Frensh officers hiding there for safety, who were training the AZOV NAZI Fighters.

Only takes a couple of days for the truth to come out!

Well you must know also there are flights to Moscow, Shochie etc  via a couple of airlines daily! Turkish Airlines are flying everywhere in Russia......as also Air Serbia too from Heathrow.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 12, 2022, 01:37:09 PM
Its finished now, Tex. Now oil and gas aren't using the dollar so much, it will have a big impact. Russia is going full speed now to dedollarise, it had been a gentle transition before. That's billions of dollars that will now be in Roubles. Why the Rouble has recovered. It's truly a master stroke by Russia.

Like the value of the dollar has only to do with Oil? It does not matter what Russia does because it is a dying country. The only concerning is how many Ukrainians they are going to kill in the process. I guess the pound has no value because no one trades oil for pounds. WE do not buy enough oil that is matters to us anymore. It is just you guys having a wet dream. Russia is going to do OK for a year or two until the next big drop in oil prices then the bottom will fall out.   In the meantime, there GDP will drop this year between 7 to 15 per cent this year reducing gains to all the way back to the early 2000's.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 12, 2022, 01:39:50 PM


US Dollar Hegemony Ended Abruptly Last Wednesday!!!


In your mind the has dollar ended every Wednesday for the last twenty years.  :dh:

Tex is it my fault that you have not 1 gram of common sense. I am very sorry but I can't help you to get a commonon sence. Find a baby dol to keep you bussy....... and stop making silly comments and continue obstructing serious converation about important subjects that affect the life of many million people due to your ignorance.

Manny, visit the site of LBC and you will find the admission of who attacked the Train station in Bucha and also you will read about Boris Fine's for the parties!

Do you watch live Russia Today? if not let me know.....

BTW I mentioned yesterday that Putin is not bombing the shelters of the AZOV in Marioupol because some big Nato nobs are sheltering there.... the Greek channel who is getting accurate info from Ukraine today mentioned that there are 6-8 Frensh officers hiding there for safety, who were training the AZOV NAZI Fighters.

Only takes a couple of days for the truth to come out!

Well you must know also there are flights to Moscow, Shochie etc  via a couple of airlines daily! Turkish Airlines are flying everywhere in Russia......as also Air Serbia too from Heathrow.

Wiz your propaganda and your on going cover up of the Russian genocide is nothing less than what those people were doing to support NAZI Germany in WW2. It was all the same stuff we have here with Germany have reason it was always someone else and it was always just western Propaganda. 
Title: Re: De-Dollarisation.
Post by: Wiz on April 12, 2022, 03:19:43 PM


US Dollar Hegemony Ended Abruptly Last Wednesday!!!


In your mind the has dollar ended every Wednesday for the last twenty years.  :dh:

Tex is it my fault that you have not 1 gram of common sense. I am very sorry but I can't help you to get a commonon sence. Find a baby dol to keep you bussy....... and stop making silly comments and continue obstructing serious converation about important subjects that affect the life of many million people due to your ignorance.

Manny, visit the site of LBC and you will find the admission of who attacked the Train station in Bucha and also you will read about Boris Fine's for the parties!

Do you watch live Russia Today? if not let me know.....

BTW I mentioned yesterday that Putin is not bombing the shelters of the AZOV in Marioupol because some big Nato nobs are sheltering there.... the Greek channel who is getting accurate info from Ukraine today mentioned that there are 6-8 Frensh officers hiding there for safety, who were training the AZOV NAZI Fighters.

Only takes a couple of days for the truth to come out!

Well you must know also there are flights to Moscow, Shochie etc  via a couple of airlines daily! Turkish Airlines are flying everywhere in Russia......as also Air Serbia too from Heathrow.

Wiz your propaganda and your on going cover up of the Russian genocide is nothing less than what those people were doing to support NAZI Germany in WW2. It was all the same stuff we have here with Germany have reason it was always someone else and it was always just western Propaganda.

Tex, I hope you know the name of the asylum you have escaped so they can take you back.....when the emergency arrives to pick uou up!

3) THE IDIOT........ insists,                     Remember my old post?

 
Title: Re: De-Dollarisation.
Post by: Manny on April 12, 2022, 05:04:51 PM
Its finished now, Tex. Now oil and gas aren't using the dollar so much, it will have a big impact. Russia is going full speed now to dedollarise, it had been a gentle transition before. That's billions of dollars that will now be in Roubles. Why the Rouble has recovered. It's truly a master stroke by Russia.

Like the value of the dollar has only to do with Oil? It does not matter what Russia does because it is a dying country. The only concerning is how many Ukrainians they are going to kill in the process. I guess the pound has no value because no one trades oil for pounds. WE do not buy enough oil that is matters to us anymore. It is just you guys having a wet dream. Russia is going to do OK for a year or two until the next big drop in oil prices then the bottom will fall out.   In the meantime, there GDP will drop this year between 7 to 15 per cent this year reducing gains to all the way back to the early 2000's.

I thought you were an investor with a working knowledge of economics?

To save me rehashing it, here's an article I wrote in 2015 on Russia Insider (https://russia-insider.com/en/two-price-one-de-dollarise-and-reduce-american-hegemony/ri8678). It covers the basics and was quite prophetic looking back. It's not an overnight process, but Russia has hit the turbo button now.

Unless you lot can start WW3 in Ukraine, likely over some WMD fake news and drag the rest of NATO in, the dollar is finished.

Russia has been gaming what's happening now out for years, and they're well prepared.

The real risk to the world now is the dying hegemon igniting WW3 to save the dollar. I've always said the US will go down screaming, kicking and lashing out. We're seeing this played out in Ukraine now.

Hopefully, Russia will have it all boxed off by Victory Day. That's the plan. You read it here first.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 12, 2022, 05:18:47 PM
Russia is a country that GDP is eleventh in the world and it likely to drop to 14th. It is not likely to make much different what they do with their currency to the USA. Their GDP will be about 7 per cent of the USA. The big deal and most of why they are doing this is so someone will need Rubles and not have the huge drop like they just experience. Right now, we are experiencing a market high which will end soon. This economy high comes with an increased use of energy. It will end soon and so will the demand for oil and gas. It will not be pretty anywhere but just how it will be when oil crashes and Russia no longer has anything else because of sanctions. Right now, is more about how many Ukrainians will survive the Genocide Russia has to create in order to be able to control the territory they are stealing from Ukraine. Dead people do not ever come back.

Just todays news. Less jets less oil will be needed in future. Boeing orders decline. It is the start of the future to come.

https://www.msn.com/en-us/money/companies/boeing-s-order-backlog-shrinks-as-ukraine-war-risks-multiply/ar-AAW7DBp?ocid=msedgntp&cvid=44815333540b4e53bcd3baaceb87ede3
Title: Re: De-Dollarisation.
Post by: Wiz on April 12, 2022, 05:46:02 PM
I think I can be a little helpful by posting a video from Fox News in an effort to educate you ... poor TEXAN!

Tucker is one of yours and not Russian, Ukrainian British or Greek........
May be you will learn something except if due to your age..... you are deaf!


Tucker: We are at war with Russia


Tex.... listen and learn.... and he is one of yours, no Russian or Greek.....so
after that it's time to keeep your mouth shut!

 :ROFL:
Title: Re: De-Dollarisation.
Post by: Texan77 on April 12, 2022, 10:03:04 PM
I think I can be a little helpful by posting a video from Fox News in an effort to educate you ... poor TEXAN!

Tucker is one of yours and not Russian, Ukrainian British or Greek........
May be you will learn something except if due to your age..... you are deaf!


Tucker: We are at war with Russia


Tex.... listen and learn.... and he is one of yours, no Russian or Greek.....so
after that it's time to keeep your mouth shut!

 :ROFL:

Yes, we have Nazis in the USA also. He is one of them. He is always quoted on Russian state news and support all Russian propaganda. I know him well.

Russia and gold. The new gold back Ruble.


Title: Re: De-Dollarisation.
Post by: Manny on April 13, 2022, 12:59:56 AM

I just watched all that. I can’t disagree with a word of it. He discusses the dollar at 12:55.
Title: Re: De-Dollarisation.
Post by: Wiz on April 13, 2022, 03:07:14 AM
Texan and the other brainles American lot!

Back on the 1 Oct 2017 I read and posted the following article at my hoby board!

Looks that all the predictions from the writer now are confirmed....... So Tex will help you to read and learn....   BTW don't forget who are the owner and running your FED!

Have you noticed that the British Pound is still around, despite the EU, Brexit etc.......?

Do you know who owns your FED, Issue your Dollar and benefits from your FED?

When sometime in the past I posted an article regarding the history of the FED all Americans did not bother to make any interesting comments. Now your shortlived Empire....is going! and it is not down only to Russia........ but to your own arrogance and stupidity.

The End of the Empire

(https://www.truthdig.com/wp-content/uploads/2017/10/For-Money-Fish-1stOct2017-1024x867.jpg)

The American empire is coming to an end. The U.S. economy is being drained by wars in the Middle East and vast military expansion around the globe. It is burdened by growing deficits, along with the devastating effects of deindustrialization and global trade agreements. Our democracy has been captured and destroyed by corporations that steadily demand more tax cuts, more deregulation and impunity from prosecution for massive acts of financial fraud, all the while looting trillions from the U.S. treasury in the form of bailouts. The nation has lost the power and respect needed to induce allies in Europe, Latin America, Asia and Africa to do its bidding. Add to this the mounting destruction caused by climate change and you have a recipe for an emerging dystopia. Overseeing this descent at the highest levels of the federal and state governments is a motley collection of imbeciles, con artists, thieves, opportunists and warmongering generals. And to be clear, I am speaking about Democrats, too.

The empire will limp along, steadily losing influence until the dollar is dropped as the world’s reserve currency, plunging the United States into a crippling depression and instantly forcing a massive contraction of its military machine.

Short of a sudden and widespread popular revolt, which does not seem likely, the death spiral appears unstoppable, meaning the United States as we know it will no longer exist within a decade or, at most, two. The global vacuum we leave behind will be filled by China, already establishing itself as an economic and military juggernaut, or perhaps there will be a multipolar world carved up among Russia, China, India, Brazil, Turkey, South Africa and a few other states. Or maybe the void will be filled, as the historian Alfred W. McCoy writes in his book “In the Shadows of the American Century: The Rise and Decline of US Global Power,” by “a coalition of transnational corporations, multilateral military forces like NATO, and an international financial leadership self-selected at Davos and Bilderberg” that will “forge a supranational nexus to supersede any nation or empire.”

Under every measurement, from financial growth and infrastructure investment to advanced technology, including supercomputers, space weaponry and cyberwarfare, we are being rapidly overtaken by the Chinese. “In April 2015 the U.S. Department of Agriculture suggested that the American economy would grow by nearly 50 percent over the next 15 years, while China’s would triple and come close to surpassing America’s in 2030,” McCoy noted. China became the world’s second largest economy in 2010, the same year it became the world’s leading manufacturing nation, pushing aside a United States that had dominated the world’s manufacturing for a century. The Department of Defense issued a sober report titled “At Our Own Peril: DoD Risk Assessment in a Post-Primacy World.” It found that the U.S. military “no longer enjoys an unassailable position versus state competitors,” and “it no longer can … automatically generate consistent and sustained local military superiority at range.” McCoy predicts the collapse will come by 2030.

Empires in decay embrace an almost willful suicide. Blinded by their hubris and unable to face the reality of their diminishing power, they retreat into a fantasy world where hard and unpleasant facts no longer intrude. They replace diplomacy, multilateralism and politics with unilateral threats and the blunt instrument of war.

This collective self-delusion saw the United States make the greatest strategic blunder in its history, one that sounded the death knell of the empire—the invasion of Afghanistan and Iraq. The architects of the war in the George W. Bush White House, and the array of useful idiots in the press and academia who were cheerleaders for it, knew very little about the countries being invaded, were stunningly naive about the effects of industrial warfare and were blindsided by the ferocious blowback. They stated, and probably believed, that Saddam Hussein had weapons of mass destruction, although they had no valid evidence to support this claim. They insisted that democracy would be implanted in Baghdad and spread across the Middle East. They assured the public that U.S. troops would be greeted by grateful Iraqis and Afghans as liberators. They promised that oil revenues would cover the cost of reconstruction. They insisted that the bold and quick military strike—“shock and awe”—would restore American hegemony in the region and dominance in the world. It did the opposite. As Zbigniew Brzezinski noted, this “unilateral war of choice against Iraq precipitated a widespread delegitimation of U.S. foreign policy.”

Historians of empire call these military fiascos, a feature of all late empires, examples of “micro-militarism.” The Athenians engaged in micro-militarism when during the Peloponnesian War (431-404 B.C.) they invaded Sicily, suffering the loss of 200 ships and thousands of soldiers and triggering revolts throughout the empire. Britain did so in 1956 when it attacked Egypt in a dispute over the nationalization of the Suez Canal and then quickly had to withdraw in humiliation, empowering a string of Arab nationalist leaders such as Egypt’s Gamal Abdel Nasser and dooming British rule over the nation’s few remaining colonies. Neither of these empires recovered.

“While rising empires are often judicious, even rational in their application of armed force for conquest and control of overseas dominions, fading empires are inclined to ill-considered displays of power, dreaming of bold military masterstrokes that would somehow recoup lost prestige and power,” McCoy writes. “Often irrational even from an imperial point of view, these micromilitary operations can yield hemorrhaging expenditures or humiliating defeats that only accelerate the process already under way.”

Empires need more than force to dominate other nations. They need a mystique. This mystique—a mask for imperial plunder, repression and exploitation—seduces some native elites, who become willing to do the bidding of the imperial power or at least remain passive. And it provides a patina of civility and even nobility to justify to those at home the costs in blood and money needed to maintain empire. The parliamentary system of government that Britain replicated in appearance in the colonies, and the introduction of British sports such as polo, cricket and horse racing, along with elaborately uniformed viceroys and the pageantry of royalty, were buttressed by what the colonialists said was the invincibility of their navy and army. England was able to hold its empire together from 1815 to 1914 before being forced into a steady retreat. America’s high-blown rhetoric about democracy, liberty and equality, along with basketball, baseball and Hollywood, as well as our own deification of the military, entranced and cowed much of the globe in the wake of World War II. Behind the scenes, of course, the CIA used its bag of dirty tricks to orchestrate coups, fix elections and carry out assassinations, black propaganda campaigns, bribery, blackmail, intimidation and torture. But none of this works anymore.

The loss of the mystique is crippling. It makes it hard to find pliant surrogates to administer the empire, as we have seen in Iraq and Afghanistan. The photographs of physical abuse and sexual humiliation imposed on Arab prisoners at Abu Ghraib inflamed the Muslim world and fed al-Qaida and later Islamic State with new recruits. The assassination of Osama bin Laden and a host of other jihadist leaders, including the U.S. citizen Anwar al-Awlaki, openly mocked the concept of the rule of law. The hundreds of thousands of dead and millions of refugees fleeing our debacles in the Middle East, along with the near-constant threat from militarized aerial drones, exposed us as state terrorists. We have exercised in the Middle East the U.S. military’s penchant for widespread atrocities, indiscriminate violence, lies and blundering miscalculations, actions that led to our defeat in Vietnam.

The brutality abroad is matched by a growing brutality at home. Militarized police gun down mostly unarmed, poor people of color and fill a system of penitentiaries and jails that hold a staggering 25 percent of the world’s prisoners although Americans represent only 5 percent of global population. Many of our cities are in ruins. Our public transportation system is a shambles. Our educational system is in steep decline and being privatized. Opioid addiction, suicide, mass shootings, depression and morbid obesity plague a population that has fallen into profound despair. The deep disillusionment and anger that led to Donald Trump’s election—a reaction to the corporate coup d’état and the poverty afflicting at least half of the country—have destroyed the myth of a functioning democracy. Presidential tweets and rhetoric celebrate hate, racism and bigotry and taunt the weak and the vulnerable. The president in an address before the United Nations threatened to obliterate another nation in an act of genocide. We are worldwide objects of ridicule and hatred. The foreboding for the future is expressed in the rash of dystopian films, motion pictures that no longer perpetuate American virtue and exceptionalism or the myth of human progress.

“The demise of the United States as the preeminent global power could come far more quickly than anyone imagines,” McCoy writes. “Despite the aura of omnipotence empires often project, most are surprisingly fragile, lacking the inherent strength of even a modest nation-state. Indeed, a glance at their history should remind us that the greatest of them are susceptible to collapse from diverse causes, with fiscal pressures usually a prime factor. For the better part of two centuries, the security and prosperity of the homeland has been the main objective for most stable states, making foreign or imperial adventures an expendable option, usually allocated no more than 5 percent of the domestic budget. Without the financing that arises almost organically inside a sovereign nation, empires are famously predatory in their relentless hunt for plunder or profit—witness the Atlantic slave trade, Belgium’s rubber lust in the Congo, British India’s opium commerce, the Third Reich’s rape of Europe, or the Soviet exploitation of Eastern Europe.”

When revenues shrink or collapse, McCoy points out, “empires become brittle.”

“So delicate is their ecology of power that, when things start to go truly wrong, empires regularly unravel with unholy speed: just a year for Portugal, two years for the Soviet Union, eight years for France, eleven years for the Ottomans, seventeen for Great Britain, and, in all likelihood, just twenty-seven years for the United States, counting from the crucial year 2003 [when the U.S. invaded Iraq],” he writes.

Many of the estimated 69 empires that have existed throughout history lacked competent leadership in their decline, having ceded power to monstrosities such as the Roman emperors Caligula and Nero. In the United States, the reins of authority may be in the grasp of the first in a line of depraved demagogues.

“For the majority of Americans, the 2020s will likely be remembered as a demoralizing decade of rising prices, stagnant wages, and fading international competitiveness,” McCoy writes. The loss of the dollar as the global reserve currency will see the U.S. unable to pay for its huge deficits by selling Treasury bonds, which will be drastically devalued at that point. There will be a massive rise in the cost of imports. Unemployment will explode. Domestic clashes over what McCoy calls “insubstantial issues” will fuel a dangerous hypernationalism that could morph into an American fascism.

A discredited elite, suspicious and even paranoid in an age of decline, will see enemies everywhere. The array of instruments created for global dominance—wholesale surveillance, the evisceration of civil liberties, sophisticated torture techniques, militarized police, the massive prison system, the thousands of militarized drones and satellites—will be employed in the homeland. The empire will collapse and the nation will consume itself within our lifetimes if we do not wrest power from those who rule the corporate state.

Original from: The end of the Empire  (https://www.truthdig.com/articles/the-end-of-empire/)
Title: Re: De-Dollarisation.
Post by: 2tallbill on April 13, 2022, 07:21:23 AM
Unless you lot can start WW3 in Ukraine, likely over some WMD fake news and drag the rest of NATO in, the dollar is finished.

Has it started?

Team Biden scrambles to respond to claims of Russia chemical weapon use
The administration has said Russian chemical weapons use in Ukraine would
trigger a ‘proportional’ U.S. response. Its pledge may soon be tested.
https://www.politico.com/news/2022/04/12/biden-admin-russia-chemical-weapons-00024709



Title: Re: De-Dollarisation.
Post by: Jonas! on April 13, 2022, 08:15:44 AM

I just watched all that. I can’t disagree with a word of it. He discusses the dollar at 12:55.

I don't like when I agree with Tucker Carlson, although I do.   He talks about the censorship here where descending opinions are banned.  Sounds familiar to me.   

The dollar is definitely a casualty of this war as well....and that is probably permanent. 

Jonas!   
Title: Re: De-Dollarisation.
Post by: Jonas! on April 13, 2022, 08:17:53 AM
Unless you lot can start WW3 in Ukraine, likely over some WMD fake news and drag the rest of NATO in, the dollar is finished.

Has it started?

Team Biden scrambles to respond to claims of Russia chemical weapon use
The administration has said Russian chemical weapons use in Ukraine would
trigger a ‘proportional’ U.S. response. Its pledge may soon be tested.
https://www.politico.com/news/2022/04/12/biden-admin-russia-chemical-weapons-00024709
I think Biden will do as much as he thinks he can get away as long as it doesn't produce a direct Russian response. He already suffers from low support, the moment he crosses into territory where he elicits a direct response from Russia he will be suffer even less support from within the USA.   

Jonas! 
Title: Re: De-Dollarisation.
Post by: Manny on April 13, 2022, 10:30:24 AM
Unless you lot can start WW3 in Ukraine, likely over some WMD fake news and drag the rest of NATO in, the dollar is finished.

Has it started?

Team Biden scrambles to respond to claims of Russia chemical weapon use
The administration has said Russian chemical weapons use in Ukraine would
trigger a ‘proportional' U.S. response. Its pledge may soon be tested.
https://www.politico.com/news/2022/04/12/biden-admin-russia-chemical-weapons-00024709

This has been talked about for a few days. It seems the original information came from the Ukrainians, likely Azov, so isn't reliable. It may be Russia flushed some Azov out of that steel works with some, or maybe they didn't. We dont know and likely won't ever find out.

It would really suit the warmongers in Washington if it were true. Or if enough people could be convinced it was true (the fake WMD in Iraq model). They're looking for a reason to get involved now and a little thing like no actual evidence hasn't stopped them before. Something to distract from Biden's senility and destruction of the US from within with his lunatic policies and give them the mid term bounce the Democrats need.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 13, 2022, 12:41:08 PM
CNOOC are said to be pulling out of Europe, UK, US and Canada...
Transferring all their cash/business out of banks unfriendly to China/Russia..
Selling what they can, shutting down all unsold businesses..
Apparently, they supply through their gas fields something like 80% of the UK gas market...
That's gonna hurt all round...
Title: Re: De-Dollarisation.
Post by: Texan77 on April 13, 2022, 02:13:58 PM
CNOOC are said to be pulling out of Europe, UK, US and Canada...
Transferring all their cash/business out of banks unfriendly to China/Russia..
Selling what they can, shutting down all unsold businesses..
Apparently, they supply through their gas fields something like 80% of the UK gas market...
That's gonna hurt all round...

They are going to sell the assets so someone else who will sell the same gas to UK. It is part of the new economic war between doctorships and elected governments.
Title: Re: De-Dollarisation.
Post by: Gipsy on April 13, 2022, 02:46:02 PM
CNOOC are said to be pulling out of Europe, UK, US and Canada...
Transferring all their cash/business out of banks unfriendly to China/Russia..
Selling what they can, shutting down all unsold businesses..
Apparently, they supply through their gas fields something like 80% of the UK gas market...
That's gonna hurt all round...

They are going to sell the assets so someone else who will sell the same gas to UK. It is part of the new economic war between doctorships and elected governments.

I presume by Doctorships, that you mean the way Biden was elected...!!!!
What they cannot sell quickly, they have plans to shut down completely as I understand it..
They also have large holdings in the Gulf of Mexico which could affect the US...
Title: Re: De-Dollarisation.
Post by: andrewfi on April 13, 2022, 04:04:38 PM
They're also involved in fracking  in the USA.

It looks as though this all results from a review of the Nexen operation started in November 2021.

The actions of the combined West in sabotaging their economies may have led to a heavier foot on the hurry-up pedal but this was going to happen. It looks like Trump regime sanctions on the company made managing the Nexen operation impractical. This and the forced NYSE delisting, again due to the Trump regime, made this process inevitable.

Don't worry, there'll be plenty more divestment and disinvestment to come.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 13, 2022, 04:41:50 PM
CNOOC are said to be pulling out of Europe, UK, US and Canada...
Transferring all their cash/business out of banks unfriendly to China/Russia..
Selling what they can, shutting down all unsold businesses..
Apparently, they supply through their gas fields something like 80% of the UK gas market...
That's gonna hurt all round...

They are going to sell the assets so someone else who will sell the same gas to UK. It is part of the new economic war between doctorships and elected governments.

I presume by Doctorships, that you mean the way Biden was elected...!!!!
What they cannot sell quickly, they have plans to shut down completely as I understand it..
They also have large holdings in the Gulf of Mexico which could affect the US...

Biden just won. Trump big baby with fake claims. Biden not likely to be president long. Putin on the other hand likely be president for life.
Title: Re: De-Dollarisation.
Post by: Lon on April 13, 2022, 07:43:02 PM
I presume by Doctorships, that you mean the way Biden was elected...!!!!

I think that he meant dictatorships
"It is part of the new economic war between dictatorships and elected governments."
Title: Re: De-Dollarisation.
Post by: Valenki on April 13, 2022, 09:32:56 PM
When Rome fell the whole planet went in to the dark ages for about a thousand years. Humans lived with very much less. Be careful what you wish for as you may get it. We are I believe on the verge of a world wide recession that could get much worse it there is some type of war or if the momentary system falls.

You guy across the pond read and believe everything anti American you read.  The picture you paint for yourself is much worse that what is real. When the system is replaced it is likely to be much less kind than what you now enjoy.
The best hope for the world is to distance itself from the United Snakes and the dollar and just sit back to watch the Yankees perish under the weight of their own greed without substantial commodity. It won't take a thousand years. Maybe five.  We can survive without American products such as Coca Cola, baseball caps and mass murder shootings and American instigated wars. In fact .... we will prosper without it!  :saint:
Title: Re: De-Dollarisation.
Post by: cufflinks on April 14, 2022, 07:22:48 AM
Unless you lot can start WW3 in Ukraine, likely over some WMD fake news and drag the rest of NATO in, the dollar is finished.

Has it started?

Team Biden scrambles to respond to claims of Russia chemical weapon use
The administration has said Russian chemical weapons use in Ukraine would
trigger a ‘proportional' U.S. response. Its pledge may soon be tested.
https://www.politico.com/news/2022/04/12/biden-admin-russia-chemical-weapons-00024709

This has been talked about for a few days. It seems the original information came from the Ukrainians, likely Azov, so isn't reliable. It may be Russia flushed some Azov out of that steel works with some, or maybe they didn't. We dont know and likely won't ever find out.

It would really suit the warmongers in The City of London and Buckingham Palace who own and Control the Federal Reserve and therefore own and Control Washington DC if it were true. This is why the CoL and the Crown recently sent Boris Johnson the PM to oversee their expansionist UK &  USA war efforts in KIEV last week during active War. Or if enough people could be convinced it was true (the fake WMD in Iraq model). They're looking for a reason to get involved now and a little thing like no actual evidence hasn't stopped them before. Something to distract from the CoL and Crown's use of Biden's senility and destruction of the US from within with his lunatic Pro CCP Pro Narco-Terrorist open borders policies and give them the mid-term bounce the Democrats need but have NO CHANCE at all which is why over 30 US House Members have retired with their Campaign Warchaests now available for personal use.

Periodically Manny in his rabid anti-american pro-Russian Pro-Putin Pro-RT 24/7 propaganda loses perspective of the fact that the USA is owned and controlled by the Federal Reserve private Corporation(s)  and the FED is owned and controlled by the CoL Rothschilds and affiliates via centuries of Jewish banking families intermarriage who own/control all of the private regional Federal Reserve bank corporations.  This is why the USA though officially neutral at the start of world war two was forced to back the CoL and Crown interests to fight NAZI Germany.  The Crown and the its CoL subjects have used their USA agents to foment Color revolutions in Ukraine, via extreme graft and corruption in Ukraine while poking the Russian Bear since the 1991 agreements not to expand NATO to Russia's Borders instigated by the Crown & CoL.  All the while the USA are used as pay-pigs to pay $1T a year for NATO support so the UK and EU can enjoy lavish cradle to grave social safety nets including free school through University, Free Health Care for Life, Free Retirement, month's long Vacations and while the USA Pay Pigs are lucky to get one week a year to go to Disney Homo Pride World as it is now a British Gay World After All.

Due to the burden of financially supporting the UK and EU drug addicts and surrender-monkeys lavish social safety nets while the American People are forced to suffer under no such social safety nets unless and until they reach retirement age.

So the Ironic hatred of America by typical EUians and UKians like the Greek Wizzbanging EU and UK and Canada/Brit Commonwealth parasites and leeches who have sucked out the lifeblood out of the USA ever since 1945 is an irony beyond their gloating greedy gluttonous overly pampered societies collective comprehension and diseased delirium due to being high on reccy drugs most of the time while doing each other the Greek Way.


NOW FOR THE TRULY HARSH REALITIES FROM SOCRATES courtesy ARMSTRONG ECONOMICS:

Takeaways:

UK/EU need WWIII to distract from the fact that deficit spending since 1945 has forced a needed painful reset.

EU/UK Negative interest rates have WIPED OUT and bankrupted EU/UK Pension Funds that need 8% avg annual returns to pay beneficiaries andwith the last decades -1to2 % negative rates have literally wiped out these pension funds which will require tens of trillions of GBP and Euros to bail out.

Energy and SWIFT sanctions on Russia will only exacerbate and accelerate this EU/UK financial calamity:

The West Needs WWIII – Martin Armstrong
By Greg Hunter On April 12, 2022
https://usawatchdog.com/the-west-needs-wwiii-martin-armstrong/

By Greg Hunter’s USAWatchdog.com

Legendary financial and geopolitical cycle analyst Martin Armstrong thinks the New World Order’s so-called “Great Reset” plan for humanity now needs war to try and make it work.  It could happen in the next few weeks.  Armstrong explains, “What they are trying to do is deliberately poke the bear. . . . They are increasing the pressure on just about everything under the sun.  The West needs World War III.  They just need it.  The real problem here is they went to negative interest rates in 2014 in Europe.  They have been unable to stimulate the economy, and Keynesian economics have completely failed. . . . I would say this is mismanagement of government on a global scale.  The problem is that central banks have no control over the economy.  Add to this, this type of inflation is substantially different than a speculative boom.  This inflation is based upon shortages.  These morons with covid . . . with lockdowns, ended up destroying the supply chains. . . . Things that are there, I buy extra of because next time it might be gone.  So, everybody is increasing their hoarding. . . . So, what we have with Europe, with its negative interest rates, they have wiped out all the pension funds.  They need 8% to break even, not negative rates.  There is not a pension fund in Europe that is solvent at this stage of the game. . . . The European government is collapsing.  If they end up defaulting, you are going to have millions of people down there with pitchforks storming the parliament.  So, to avoid that, they need war. . . . The Biden Administration has deliberately destroyed the world economy.”

If there is war in Europe, the “U.S. dollar will get stronger initially and not weaker” according to Armstrong.  Armstrong also says, “This is all deliberate.  There is no return to normal here.  Unfortunately, this is where we are headed.”

In summary, there are NO negative interest rates in the USA since the Fed is raising rates which will hoover up all the excess funds seeking Alpha in the UK/EU/EMEA regions of the Globe to the Collapse of the Dollar will only happen after the Nuclear Evaporation of the EU & UK for provoking Russia  (Most EU/UK leaders have visited Kiev in the past week but NOT USA officials - so who really are the Enemies of Russia in this world?
Title: Re: De-Dollarisation.
Post by: Texan77 on April 14, 2022, 07:38:52 AM
It has been a whole week since the end of the dollar, and nothing happened. How come I am not surprised. I bet the same thing next week and the week after also. Maybe it is not going to end any time soon. 
Title: Re: De-Dollarisation.
Post by: Valenki on April 14, 2022, 08:23:53 AM
Are you people smokin' something good?

Exactly WHICH currency is going to replace the dollar?

The Ruble?  Bwhahahahahahahahahaha

The Yuan?  Just devalued

The Euro?  Greece, Italy, Spain and Portugal would love that.

The Pound?  Britiannia no longer rules the waves. 

Sorry all you America-Hating chappies out there - the Dollar is here to stay.
Why does it need to be replaced. What if people simply want to trade in their own currency.

Gas/Oil from Russia -> Rouble
Gas/Oil from China -> Yuan,
etc.

Brand name clothing? Yuan
Cars? Yen.
 :8)
Title: Re: De-Dollarisation.
Post by: cufflinks on April 14, 2022, 08:59:39 AM
THE TRULY HARSH REALITIES FROM SOCRATES courtesy ARMSTRONG ECONOMICS:

Takeaways:

UK/EU need WWIII to distract from the fact that deficit spending since 1945 has forced a needed painful reset.

EU/UK Negative interest rates have WIPED OUT and bankrupted EU/UK Pension Funds that need 8% avg annual returns to pay beneficiaries andwith the last decades -1to2 % negative rates have literally wiped out these pension funds which will require tens of trillions of GBP and Euros to bail out.

Energy and SWIFT sanctions on Russia will only exacerbate and accelerate this EU/UK financial calamity:

The West Needs WWIII – Martin Armstrong
By Greg Hunter On April 12, 2022
https://usawatchdog.com/the-west-needs-wwiii-martin-armstrong/

By Greg Hunter’s USAWatchdog.com

Legendary financial and geopolitical cycle analyst Martin Armstrong thinks the New World Order’s so-called “Great Reset” plan for humanity now needs war to try and make it work.  It could happen in the next few weeks.  Armstrong explains, “What they are trying to do is deliberately poke the bear. . . . They are increasing the pressure on just about everything under the sun.  The West needs World War III.  They just need it.  The real problem here is they went to negative interest rates in 2014 in Europe.  They have been unable to stimulate the economy, and Keynesian economics have completely failed. . . . I would say this is mismanagement of government on a global scale.  The problem is that central banks have no control over the economy.  Add to this, this type of inflation is substantially different than a speculative boom.  This inflation is based upon shortages.  These morons with covid . . . with lockdowns, ended up destroying the supply chains. . . . Things that are there, I buy extra of because next time it might be gone.  So, everybody is increasing their hoarding. . . . So, what we have with Europe, with its negative interest rates, they have wiped out all the pension funds.  They need 8% to break even, not negative rates.  There is not a pension fund in Europe that is solvent at this stage of the game. . . . The European government is collapsing.  If they end up defaulting, you are going to have millions of people down there with pitchforks storming the parliament.  So, to avoid that, they need war. . . . The Biden Administration has deliberately destroyed the world economy.”

If there is war in Europe, the “U.S. dollar will get stronger initially and not weaker” according to Armstrong.  Armstrong also says, “This is all deliberate.  There is no return to normal here.  Unfortunately, this is where we are headed.”

In summary, there are NO negative interest rates in the USA since the Fed is raising rates which will hoover up all the excess funds seeking Alpha in the UK/EU/EMEA regions of the Globe to the Collapse of the Dollar will only happen after the Nuclear Evaporation of the EU & UK for provoking Russia  (Most EU/UK leaders have visited Kiev in the past week but NOT USA officials - so who really are the Enemies of Russia in this world?

Hint:  Which European Land Mass country does not have a Central Bank controlled by City of London and Crown and their Rothschilds Agents interests?   Could it be RUSSIA?
Title: Re: De-Dollarisation.
Post by: Wiz on April 21, 2022, 06:47:37 PM
The bedrock of the global monetary system continues to shift, including two profound pieces of news over the last 24 hours that no one seems to have noticed.

Over the last 48 hours, China and Russia have taken big steps toward separating themselves from the monetary policy and economies of the west – and nobody has even noticed.

Those who have been reading my blog for the last couple of weeks know that I have been predicting that China and Russia would grow far closer economically, creating, in essence, a second global monetary system where the US dollar is no longer the reserve currency.

A few weeks ago, I wrote an article proclaiming that Russia would back the ruble with gold as a way to fight back against western economic sanctions. I also made similar predictions about the new digital Chinese currency last summer when I first started Fringe Finance.

This shift is happening as a result of the United States and the rest of the western economies foolishly thinking that they’re going to be able to effectively sanction Russia economically, despite the fact that Russia is a massive producer of oil and the country seems prepared to back its currency, the ruble, with this productive capacity.

Meanwhile, back at the ranch, we continue to run enormous deficits and have very little productive capacity, and even less to back our currency with. Our destiny seems to be to continue printing money regardless of the negative consequences. We’re nothing more than printing press junkies that won’t cease our inflationary addiction until we inevitably hit rock bottom.

Israel Dumps The Dollar For China's Renminbi, Beijing Starts Quietly Acquiring Russian Energy Assets (https://quoththeraven.substack.com/p/king-dollars-demise-israel-dumps?token=eyJ1c2VyX2lkIjo3NDQxNjYxNiwicG9zdF9pZCI6NTI2MDAzNTAsIl8iOiI2aUhBTyIsImlhdCI6MTY1MDU4MzY4OSwiZXhwIjoxNjUwNTg3Mjg5LCJpc3MiOiJwdWItNDExNTQ2Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.ROR-xyyilNsm4L2g8_jZwEE7j5NqGemPpWrGe4KvPik)

Title: Re: De-Dollarisation.
Post by: Texan77 on April 21, 2022, 07:21:45 PM
I thought the dollar ended several weeks ago according to you. So, what is this?

The world is fragmenting where the Chinese will no longer be able to sell to the west.  Pound, dollars and euros not used in countries that no longer trade with the west.

Big demographic problem with white and Asian countries. Too many old people and no way to pay for their medical care. Brown stuff to hit fan soon. It will not matter which Asian or white country it is. Difficulties ahead. UK health system like everyone else's way underfunded.  Pound, dollar and euro in race to see which can become worthless the fastest.  Chinese currency like to reach worthless before western countries and their real debt level 5 times that of USA. No one wants Rubble so Russia is now having to spend its gold to buy anything. When it runs out of gold it is broke. How is any of this going to help you?

Some people call this the great reset where the world has to start over.
Title: Re: De-Dollarisation.
Post by: Wiz on April 21, 2022, 07:55:10 PM
I thought the dollar ended several weeks ago according to you. So, what is this?

The world is fragmenting where the Chinese will no longer be able to sell to the west.  Pound, dollars and euros not used in countries that no longer trade with the west.

Big demographic problem with white and Asian countries. Too many old people and no way to pay for their medical care. Brown stuff to hit fan soon. It will not matter which Asian or white country it is. Difficulties ahead. UK health system like everyone else's way underfunded.  Pound, dollar and euro in race to see which can become worthless the fastest.  Chinese currency like to reach worthless before western countries and their real debt level 5 times that of USA. No one wants Rubble so Russia is now having to spend its gold to buy anything. When it runs out of gold it is broke. How is any of this going to help you?

Some people call this the great reset where the world has to start over.

Obviously reading English is not something you do correctly.

Go back and read the word ... I used, which was.... Dethroned

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTuz-vaKUDLafNqTbhbn1cKAhP_v77QDZ1hzIAGwfMSL4vp_jhmqdsplTMLpA&s)

 :ROFL: 

According to the article ....even thre Jews who are running your country.......they are hedging their currency reserves.....
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSvy2YgLeOjQRnvt85GYOJ2UQ-JCC7FBtWlnOsfq0z8-vmLpJl59_rK6W-DLQ&s)

Do you ever read the articles I am suggesting or you do not understand them?
Title: Re: De-Dollarisation.
Post by: Texan77 on April 21, 2022, 09:06:31 PM
It is not on a throne so how can it be de throned. Your British pound is not worth anymore and when you consider health expenses of the elderly it is toilet paper just like all the other currencies of the world. I hedge the USA dollar also. I keep physical metals, stocks and a number of real income producing properties. What kind of hedge does Wiz have? Or is he just dumb and believes the UK government is going to take care of him?
Title: Re: De-Dollarisation.
Post by: Jonas! on April 21, 2022, 10:09:15 PM
I thought the dollar ended several weeks ago according to you. So, what is this?

The world is fragmenting where the Chinese will no longer be able to sell to the west.  Pound, dollars and euros not used in countries that no longer trade with the west.

 
This does seem to be taking place. 




Big demographic problem with white and Asian countries. Too many old people and no way to pay for their medical care. Brown stuff to hit fan soon. It will not matter which Asian or white country it is. Difficulties ahead. UK health system like everyone else's way underfunded.  Pound, dollar and euro in race to see which can become worthless the fastest.  Chinese currency like to reach worthless before western countries and their real debt level 5 times that of USA. No one wants Rubble so Russia is now having to spend its gold to buy anything. When it runs out of gold it is broke. How is any of this going to help you?

Some people call this the great reset where the world has to start over.
A true reset where everybody starts at zero would be very bad for the US.  I don't yet believe this is going to happen.  We (Western nations) have the most to lose. 

Demographic problem in the US could be solved with more immigration, but our leadership have chosen to not address this properly.  The US has no choice to permit more young minorities to immigrate despite the old conservatives that jump up and down at the thought. 
Jonas! 

Title: Re: De-Dollarisation.
Post by: Texan77 on April 21, 2022, 10:24:58 PM
educated law abiding young people in country with least corruption will build the lead nations of the future. The west will have new challenges but will be in the race. Working young people willing to pay taxes will be a nation's most value asset.
Title: Re: De-Dollarisation.
Post by: Manny on April 22, 2022, 02:56:57 PM
It has been a whole week since the end of the dollar, and nothing happened. How come I am not surprised. I bet the same thing next week and the week after also. Maybe it is not going to end any time soon.

It's a managed decline, Tex. One that the dorks who run your country are speeding up (https://ruadventures.com/forum/index.php/topic,29842.msg534278/topicseen.html#msg534278).
Title: Re: De-Dollarisation.
Post by: Wiz on April 22, 2022, 03:59:59 PM
It has been a whole week since the end of the dollar, and nothing happened. How come I am not surprised. I bet the same thing next week and the week after also. Maybe it is not going to end any time soon.

It's a managed decline, Tex. One that the dorks who run your country are speeding up (https://ruadventures.com/forum/index.php/topic,29842.msg534278/topicseen.html#msg534278).

You are wasting your time, "Educating Rita", tommorow he will be back teaching you how to suck eggs!

Enjoy the lessons.!
Title: Re: De-Dollarisation.
Post by: andrewfi on April 23, 2022, 01:03:32 AM
Texan77, you're spouting uninformed drivel.

How can you hope to have an opinion of any value when your fantasies are based on foundations are factually incorrect?

An example for you. Russia is NOT selling gold. The RCB is BUYING gold at a fixed price of 5000rubles per gram. This set a base price for the ruble which it reached within a couple of days of the policy announcement.
This means your argument is fatally flawed, valueless.

Do you dream this stuff up or do you rely on teams of similarly uninformed 'experts'?
Title: Re: De-Dollarisation.
Post by: andrew99 on April 23, 2022, 02:35:33 AM
Texan77, you're spouting uninformed drivel.

How can you hope to have an opinion of any value when your fantasies are based on foundations are factually incorrect?

An example for you. Russia is NOT selling gold. The RCB is BUYING gold at a fixed price of 5000rubles per gram. This set a base price for the ruble which it reached within a couple of days of the policy announcement.
This means your argument is fatally flawed, valueless.

Do you dream this stuff up or do you rely on teams of similarly uninformed 'experts'?

You havent exactly been coming across with any sense of sympathy  , and instead been focusing too much on small irrelevant issues
Title: Re: De-Dollarisation.
Post by: AvHdB on April 23, 2022, 06:10:13 AM
It has been a whole week since the end of the dollar, and nothing happened. How come I am not surprised. I bet the same thing next week and the week after also. Maybe it is not going to end any time soon.

It's a managed decline, Tex. One that the dorks who run your country are speeding up (https://ruadventures.com/forum/index.php/topic,29842.msg534278/topicseen.html#msg534278).

You are wasting your time, "Educating Rita", tommorow he will be back teaching you how to suck eggs!

Enjoy the lessons.!

Wiz, Just curious do you understand the story or plot of “Educating Rita”?
Title: Re: De-Dollarisation.
Post by: Wiz on April 23, 2022, 08:23:06 AM
It has been a whole week since the end of the dollar, and nothing happened. How come I am not surprised. I bet the same thing next week and the week after also. Maybe it is not going to end any time soon.

It's a managed decline, Tex. One that the dorks who run your country are speeding up (https://ruadventures.com/forum/index.php/topic,29842.msg534278/topicseen.html#msg534278).

You are wasting your time, "Educating Rita", tommorow he will be back teaching you how to suck eggs!

Enjoy the lessons.!

Wiz, Just curious do you understand the story or plot of “Educating Rita”?

Of course not and as usual I am waiting for you kindly to educate me!

PS: A single woman without a gardener to water her flower, found an ignorand British Professor who did not know what to do..... and instead of her going to Spain, Greece or any holidy resord to find a gardener to water her flower.....she ended up teaching the proffessor ........... philodophy of life ..... but he still failed to water her garden so both went ga ga!

 :biggrin:
Title: Re: De-Dollarisation.
Post by: andrewfi on April 23, 2022, 01:22:16 PM
Andrew 99, is there a point that you are struggling and failing to make?

Title: Re: De-Dollarisation.
Post by: andrew99 on April 23, 2022, 06:58:32 PM
Andrew 99, is there a point that you are struggling and failing to make?
Your posts are coming across as someone who is indifferent about Russian violence. Read them back yourself if you dont believe me.
Title: Re: De-Dollarisation.
Post by: Texan77 on April 23, 2022, 07:46:59 PM

Yea the pro-Russian people here feel there are two types of good Ukrainians. enslaved or dead. Now read the Nazi's post and what they are wanting. Russians have value, Ukrainian people lives do not. Then wonder why Ukrainians do not want to have a Russian controlled government and have a friendly relationship with the USA.
Title: Re: De-Dollarisation.
Post by: Jonas! on April 24, 2022, 08:37:39 AM

Yea the pro-Russian people here feel there are two types of good Ukrainians. enslaved or dead. Now read the Nazi's post and what they are wanting. Russians have value, Ukrainian people lives do not. Then wonder why Ukrainians do not want to have a Russian controlled government and have a friendly relationship with the USA.

I think the west was slowly luring Ukraine away from Russia with their relative wealth.  Russia may have felt they could ill afford to have another close by country aligning against their interests, gaining strength and wealth in the process.  Ukraine is where they make their stand.  At this point, I suspect their objective is to take a lot of land, more than people currently believe.  Whatever they don't take, will be solidly aligned against them, so in that sense they have a lot of incentive to go big. 

Jonas! 
Title: Re: De-Dollarisation.
Post by: Wiz on April 25, 2022, 09:31:36 AM
It is not on a throne so how can it be de throned. Your British pound is not worth anymore and when you consider health expenses of the elderly it is toilet paper just like all the other currencies of the world. I hedge the USA dollar also. I keep physical metals, stocks and a number of real income producing properties. What kind of hedge does Wiz have? Or is he just dumb and believes the UK government is going to take care of him?

It looks that, last week while I was preparing my self to visit my Family in London, for the Greek Easter, obviously I missed this Little Jem, where you are exposing yourself openly, how daft and silly your are and what an empty life together with a stupid mentality you are living!

You live in a Capitalist Country who does not care about its people and it's only for few very rich people while many 1000's living on the streets.

(https://i.guim.co.uk/img/media/b205e878f2ae2c94ef4c78a52a6822ee1f94d94d/0_0_3500_2333/master/3500.jpg?width=940&quality=85&auto=format&fit=max&s=0d003f547bcabfaf2a859cc040eb679c)

NEW YOURK TIMES - Old and on the Street: The Graying of America's Homeless (https://www.nytimes.com/2016/05/31/us/americas-aging-homeless-old-and-on-the-street.html)

Well I choosed to come and live in the GB and I hardly remember seeing people living on the street over here. Yes we had some in the past but for several years I have not seen or read about any homless people. Where I live in the SOUTH or in London the local councils have organised hostel places to sleep and places to eat for free and I think the same happens all over the UK.

As about my self...... I am a simple pensioner, paid my Taxes and National insurance contributions for over 35 years and now of course I get a pension and also get some  benefits, like winter's Heat allowance, Electricity benefit because prices went up very sharply etc. Here is a civilised society and not a gangster playground for the very rich billionairs.

Whatever you may think you know about the UK I rather live here than LA and SFO or California...... and NY. Don't believe what I say.... just ask and there are many other Brits here to educate you.

Since I married my Russian wife she inform me this morning that we whave to organise another anniversary trip abroad.......as we have done for the past 15 years.......wife told me that we have been abroad for 39 holidays...during our marriage and if it was not for the F...... American's this year we would have gone together to Russia ... Now will have to be some Greek Island...., sunshine, good food.... and fun!

 tiphat

It is very clear that you do not have any other interests in your life and you are hedging money around, like Mr Scrouge! That's your life.....  :rolleye0009:

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRuZqa9NFVHOMHMu6cxqcTjMNzelMoYMRKpDMJlZ0Pgl4FW8pf0Id0jLhgv2A&s)
Actualy may I ask you if you have ever slept on the same bed with a a woman?

I can only guess the answer is NO!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSvy2YgLeOjQRnvt85GYOJ2UQ-JCC7FBtWlnOsfq0z8-vmLpJl59_rK6W-DLQ&s)

Please look around and find an idiot to talk.....I prefer to talk to people who have  logic and make our conversation pleasurable.

Have a nice Day!    :'(








Title: Re: De-Dollarisation.
Post by: Texan77 on April 25, 2022, 09:44:45 AM
Yea only the USA has a homeless problem. I know this does not exist anywhere in the world.
Title: Re: De-Dollarisation.
Post by: Wiz on April 25, 2022, 10:07:19 AM
Yea only the USA has a homeless problem. I know this does not exist anywhere in the world.

First speak for your own home and then you can talk and critisise other countries!

Is that difficult to understand and digest?

You forgot or have avoid to answer the other serious questions I have asked you!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRuZqa9NFVHOMHMu6cxqcTjMNzelMoYMRKpDMJlZ0Pgl4FW8pf0Id0jLhgv2A&s)

 >:( :coffeeread:

Title: Re: De-Dollarisation.
Post by: WestCoast on April 25, 2022, 11:46:21 AM
I see everyone is still predicting the imminent collapse of the USD. Manny started this thread on Aug. 11, 2015. The value and importance of the USD hasn't changed since then. Manny, Wiz when is the USD going to collapse and what is going to replace it as the world currency?

I think we can all agree that the Russian ruble is not going to replace the USD anytime soon. What about the Chinese yuan? China is currently committing genocide, slavery, harvesting organs from criminals and Falun Gong practitioners and many other human rights abuses so the yuan will not be replacing the USD.

Let me tell you why most of the world's countries do not want to be the world's reserve currency. The USD floats. This means the value of the USD relative to other currencies rises and falls based on supply and demand. Many of the world's currencies are pegged to the USD including China's (China says their currency isn't pegged to the USD but everyone outside of China says it is) and Saudi Arabia's.

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas—up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?

Another idea for replacing the USD as the world's reserve currency is to use a basket of goods, a fixed set of consumer products and services whose price is evaluated on a regular basis, often monthly or annually. One of the items in the basket of goods is often oil. However because of the Russia-Ukraine war the price of oil is now unstable as are many of the other goods that would be in the basket of goods.

https://www.investopedia.com/articles/forex/061015/top-exchange-rates-pegged-us-dollar.asp
https://www.investopedia.com/terms/f/floatingexchangerate.asp
https://www.investopedia.com/terms/b/basket_of_goods.asp
Title: Re: De-Dollarisation.
Post by: Texan77 on April 25, 2022, 01:19:21 PM
Yea only the USA has a homeless problem. I know this does not exist anywhere in the world.

First speak for your own home and then you can talk and critisise other countries!

Is that difficult to understand and digest?

You forgot or have avoid to answer the other serious questions I have asked you!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRuZqa9NFVHOMHMu6cxqcTjMNzelMoYMRKpDMJlZ0Pgl4FW8pf0Id0jLhgv2A&s)

 >:( :coffeeread:


I have no idea what you are babbling about!
Title: Re: De-Dollarisation.
Post by: AvHdB on April 25, 2022, 01:42:46 PM
Yea only the USA has a homeless problem. I know this does not exist anywhere in the world.

First speak for your own home and then you can talk and critisise other countries!

Is that difficult to understand and digest?

You forgot or have avoid to answer the other serious questions I have asked you!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRuZqa9NFVHOMHMu6cxqcTjMNzelMoYMRKpDMJlZ0Pgl4FW8pf0Id0jLhgv2A&s)

 >:( :coffeeread:


I have no idea what you are babbling about!

Don’t worry Wiz does not either.
Title: Re: De-Dollarisation.
Post by: Wiz on April 25, 2022, 02:50:54 PM
Yea only the USA has a homeless problem. I know this does not exist anywhere in the world.

First speak for your own home and then you can talk and critisise other countries!

Is that difficult to understand and digest?

You forgot or have avoid to answer the other serious questions I have asked you!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRuZqa9NFVHOMHMu6cxqcTjMNzelMoYMRKpDMJlZ0Pgl4FW8pf0Id0jLhgv2A&s)

 >:( :coffeeread:


I have no idea what you are babbling about!

Don’t worry Wiz does not either.

Speaking for or from your own personal experience?
Title: Re: De-Dollarisation.
Post by: Jonas! on April 25, 2022, 06:25:56 PM

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas—up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?
Interesting points, the highlighted part caught my eye. 

Last week Andrewfi mentioned how keeping dollars out of the US economy was quite an advantage as it prevents inflation.  If that is the case, then having the advantage of printing dollars and getting something in return for printed paper seems like a pretty good deal to me.   To use your example of a plane full of cash flying to a foreign land, if by doing that we get a raw material we need, or finished goods of some sort, that would make a pretty good deal for us.  We can print another airplane load of money rather easily.   I'd say almost any country would be willing to do that.   What does happen though if all those dollars aren't as important in the future, and start migrating back to the USA....

Jonas!   
Title: Re: De-Dollarisation.
Post by: WestCoast on April 25, 2022, 07:22:54 PM

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas—up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?
Interesting points, the highlighted part caught my eye. 

Last week Andrewfi mentioned how keeping dollars out of the US economy was quite an advantage as it prevents inflation.  If that is the case, then having the advantage of printing dollars and getting something in return for printed paper seems like a pretty good deal to me.   To use your example of a plane full of cash flying to a foreign land, if by doing that we get a raw material we need, or finished goods of some sort, that would make a pretty good deal for us.  We can print another airplane load of money rather easily.   I'd say almost any country would be willing to do that.   What does happen though if all those dollars aren't as important in the future, and start migrating back to the USA....

Jonas!

In a way the US currency does return home. In the US when US currency gets worn out it is returned to the Federal Reserve to be  shredded and recycled. It used to be shredded and sent to landfill but now it's recycled.

Because there is so much US currency abroad, foreign banks also get worn out US currency. When foreign banks get worn out US currency they want to exchange it for new US banknotes. To do this the foreign banks need to exchange worn out notes for new notes.

I'm assuming that the worn out US banknotes are sent back to the US to be shredded and recycled and not shredded and recycled abroad. There are a couple of reasons for this. The Federal Reserve would keep records of when and where the worn out US currency came from and over the course of years they'd be able to see how US currency flows around the world. Another reason for returning US currency back to the US would be for the Federal Reserve to examine the worn out bills to make sure they are all legitimate banknotes and not some new supernote, usually fake $100 bills so legitimate looking that even experts have problems determining their authenticity.

The supernotes are said to be made by foreign countries. Because of the high quality of supernotes it's usually only countries that have the tools to make these bills. Some of the countries suspected in making supernotes are Iran and North Korea. Even the CIA has been suspected of making supernotes to fund off the books operations.

https://en.wikipedia.org/wiki/Superdollar
 
Title: Re: De-Dollarisation Wiz babble
Post by: Lon on April 25, 2022, 08:12:01 PM
Yea only the USA has a homeless problem. I know this does not exist anywhere in the world.

First speak for your own home and then you can talk and critisise other countries!

Is that difficult to understand and digest?

You forgot or have avoid to answer the other serious questions I have asked you!

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRuZqa9NFVHOMHMu6cxqcTjMNzelMoYMRKpDMJlZ0Pgl4FW8pf0Id0jLhgv2A&s)

 >:( :coffeeread:


I have no idea what you are babbling about!

Don’t worry Wiz does not either.

Speaking for or from your own personal experience?

your written example show your lack understanding,  Wiz

Wiz is probably blaming Americans or Israelites again for causing all the victim mentality in the world  :biggrin:
Title: Re: De-Dollarisation.
Post by: Jonas! on April 25, 2022, 10:39:54 PM

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas—up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?
Interesting points, the highlighted part caught my eye. 

Last week Andrewfi mentioned how keeping dollars out of the US economy was quite an advantage as it prevents inflation.  If that is the case, then having the advantage of printing dollars and getting something in return for printed paper seems like a pretty good deal to me.   To use your example of a plane full of cash flying to a foreign land, if by doing that we get a raw material we need, or finished goods of some sort, that would make a pretty good deal for us.  We can print another airplane load of money rather easily.   I'd say almost any country would be willing to do that.   What does happen though if all those dollars aren't as important in the future, and start migrating back to the USA....

Jonas!

In a way the US currency does return home. In the US when US currency gets worn out it is returned to the Federal Reserve to be  shredded and recycled. It used to be shredded and sent to landfill but now it's recycled.

Because there is so much US currency abroad, foreign banks also get worn out US currency. When foreign banks get worn out US currency they want to exchange it for new US banknotes. To do this the foreign banks need to exchange worn out notes for new notes.

I'm assuming that the worn out US banknotes are sent back to the US to be shredded and recycled and not shredded and recycled abroad. There are a couple of reasons for this. The Federal Reserve would keep records of when and where the worn out US currency came from and over the course of years they'd be able to see how US currency flows around the world. Another reason for returning US currency back to the US would be for the Federal Reserve to examine the worn out bills to make sure they are all legitimate banknotes and not some new supernote, usually fake $100 bills so legitimate looking that even experts have problems determining their authenticity.

The supernotes are said to be made by foreign countries. Because of the high quality of supernotes it's usually only countries that have the tools to make these bills. Some of the countries suspected in making supernotes are Iran and North Korea. Even the CIA has been suspected of making supernotes to fund off the books operations.

https://en.wikipedia.org/wiki/Superdollar

Excellent info.   

When I first went to Colombia I used to use places to exchange my notes into Pesos.  They wouldn't accept bills that aren't in very good condition.  Subsequent trips, I brought some money but also used ATM's which produced the pesos I needed at a very fair rate. 

I am surprised more countries or organizations haven't found a way to make phony dollars.  I read how specialized the dollars are, but I'm sure experts can make them too.    It is a serious vulnerability.   I would speculate that people caught counterfeiting are sometimes found later encased in concrete.   

Jonas!     
Title: Re: De-Dollarisation.
Post by: WestCoast on April 25, 2022, 11:28:24 PM

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas—up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?
Interesting points, the highlighted part caught my eye. 

Last week Andrewfi mentioned how keeping dollars out of the US economy was quite an advantage as it prevents inflation.  If that is the case, then having the advantage of printing dollars and getting something in return for printed paper seems like a pretty good deal to me.   To use your example of a plane full of cash flying to a foreign land, if by doing that we get a raw material we need, or finished goods of some sort, that would make a pretty good deal for us.  We can print another airplane load of money rather easily.   I'd say almost any country would be willing to do that.   What does happen though if all those dollars aren't as important in the future, and start migrating back to the USA....

Jonas!

In a way the US currency does return home. In the US when US currency gets worn out it is returned to the Federal Reserve to be  shredded and recycled. It used to be shredded and sent to landfill but now it's recycled.

Because there is so much US currency abroad, foreign banks also get worn out US currency. When foreign banks get worn out US currency they want to exchange it for new US banknotes. To do this the foreign banks need to exchange worn out notes for new notes.

I'm assuming that the worn out US banknotes are sent back to the US to be shredded and recycled and not shredded and recycled abroad. There are a couple of reasons for this. The Federal Reserve would keep records of when and where the worn out US currency came from and over the course of years they'd be able to see how US currency flows around the world. Another reason for returning US currency back to the US would be for the Federal Reserve to examine the worn out bills to make sure they are all legitimate banknotes and not some new supernote, usually fake $100 bills so legitimate looking that even experts have problems determining their authenticity.

The supernotes are said to be made by foreign countries. Because of the high quality of supernotes it's usually only countries that have the tools to make these bills. Some of the countries suspected in making supernotes are Iran and North Korea. Even the CIA has been suspected of making supernotes to fund off the books operations.

https://en.wikipedia.org/wiki/Superdollar

Excellent info.   

When I first went to Colombia I used to use places to exchange my notes into Pesos.  They wouldn't accept bills that aren't in very good condition.  Subsequent trips, I brought some money but also used ATM's which produced the pesos I needed at a very fair rate. 

I am surprised more countries or organizations haven't found a way to make phony dollars.  I read how specialized the dollars are, but I'm sure experts can make them too.    It is a serious vulnerability.   I would speculate that people caught counterfeiting are sometimes found later encased in concrete.   

Jonas!   

Not accepting USD that are worn is common all over the world. When I travel overseas I usually travel with USD as opposed to Canadian dollars. It's just easier to exchange into a local currency with USD. It's the same in Asia. They want new USD and small bills unless you go to a large bank that'll take USD 100s.

As for making counterfeit USD it's not an easy process. You have to have the correct paper and ink. Both are difficult to obtain. Then you have to create the perfect plates and make sure the security features are in the bill. Realistically this can only be done by foreign nations or very large well financed criminal organizations.

Back when I was in banking we used to see lots of fake Canadian and US currencies when copiers hit the market. Some of the very good fakes could fool store cashiers but the vast majority wouldn't get by a bank teller who'd been trained to spot fakes. Today in 2022 some of the best tellers have been so well trained they can spot fakes just by running their fingers over the security features as they're counting out a stack of 20s given to them by a customer.

Back about 2015 the daughter of a friend of mine was working part time for a major casino in Vancouver. Her full time job was as a bank teller and she'd been extensively trained to spot fake currency from several different countries.

She was working in what the casino called a high limit room where customers were betting thousands of dollars at a time. She took about $20K in Canadian hundreds from a customer and started counting it out. About half way through counting she discreetly called her supervisor over and whispered to him that some of the bills were fake. The supervisor called a security guard over while another supervisor phoned the manager.

She counted out all of the $20K and found 14 fake bills. The police arrived seized all the money and arrested 2 people. She was told not to talk about the incident by both the casino and police. She never saw the incident on the news and never found out what happened to the players who were arrested. I've since learned that passing fake currency in local Vancouver casinos is common and criminals make big money doing it.
Title: Re: De-Dollarisation.
Post by: Wiz on April 26, 2022, 05:54:29 AM
I see everyone is still predicting the imminent collapse of the USD. Manny started this thread on Aug. 11, 2015. The value and importance of the USD hasn't changed since then. Manny, Wiz when is the USD going to collapse and what is going to replace it as the world currency?

I think we can all agree that the Russian ruble is not going to replace the USD anytime soon. What about the Chinese yuan? China is currently committing genocide, slavery, harvesting organs from criminals and Falun Gong practitioners and many other human rights abuses so the yuan will not be replacing the USD.

Let me tell you why most of the world's countries do not want to be the world's reserve currency. The USD floats. This means the value of the USD relative to other currencies rises and falls based on supply and demand. Many of the world's currencies are pegged to the USD including China's (China says their currency isn't pegged to the USD but everyone outside of China says it is) and Saudi Arabia's.

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas—up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?

Another idea for replacing the USD as the world's reserve currency is to use a basket of goods, a fixed set of consumer products and services whose price is evaluated on a regular basis, often monthly or annually. One of the items in the basket of goods is often oil. However because of the Russia-Ukraine war the price of oil is now unstable as are many of the other goods that would be in the basket of goods.

https://www.investopedia.com/articles/forex/061015/top-exchange-rates-pegged-us-dollar.asp
https://www.investopedia.com/terms/f/floatingexchangerate.asp
https://www.investopedia.com/terms/b/basket_of_goods.asp

We did not predict the imminent collapse of the dollar but we pointed out that there were signs showing the Dollar was loosing ground, against other currencies and was still remaining the World Reserve Currency because of various factors, like for example the huge number of USA BASES around the world (around 800) were through their personnel stationed there the USA was exchanging their Dollar toilet paper for Real local money!

It is well known fact the most issued National Currencies to be accepted ought to have either gold or oil/gas or other huge exporting products/sales to support their currency.

As most people were told all currencies had a back up, like Gold, Silver, OIL etc supporting their own currency.

Before the Breton Wood decision which disengaged the Dollar from Gold, the Crook President Nixon, made a deal with Saudi Arabia, that the USA will provide army/air protection and Saudi Arabia will continue selling oil for Dollars and all money will be deposited at the N York American banks (mostly Jewish) to be invested accordingly.
So the Dollar (toilet paper) this way Acquired a REAL value.

As you are better writing about such matters, please tell the people, the story about  the Breton Wood arrangement, also don’t forget to mention the 800 Bases around the world and their real purpose.

Also don’t forget … The deal with North Korea who despite they have imposed to them closed frontiers with the South they still have plenty of dollars to pay their Government and also their State and Rocket expenses.

Well Putin and his friends long time ago realised that they have many valuable products to export to earn foreign currency to support their Rubbles and have done so….while all extra dollars earnings go to buy Gold. Does USA have any Gold of its own?

Forget all the Bullshit regarding the dollar and speak about REAL Numbers.

I expect you know the story of the British crooks who printed millions and millions of perfect Dollars and now live happy in Marbella in Spain!

Finally can you tell us what is the REAL External National Dept of the USA and when if ever will be paid?

Sorry but your country if full of crooks.

PS: On Sunday went to have Greek Easter with my son and his family and I enjoyed a large company from "City of London" boys and despite the warning from my son, not to start asking me questions about Russia and the war in Ukraine...etc, I had a great time telling them the oposite of what they mostly knew!

What I was surprised is when I told them the Dollar is a toilet Paper, I noticed none complaint to me and I still wonder why? Obviously they all knew the truth!

[attachimg=1]

 tiphat



Title: Re: De-Dollarisation.
Post by: Wiz on April 27, 2022, 04:45:27 AM
I see everyone is still predicting the imminent collapse of the USD. Manny started this thread on Aug. 11, 2015. The value and importance of the USD hasn't changed since then. Manny, Wiz when is the USD going to collapse and what is going to replace it as the world currency?

I think we can all agree that the Russian ruble is not going to replace the USD anytime soon. What about the Chinese yuan? China is currently committing genocide, slavery, harvesting organs from criminals and Falun Gong practitioners and many other human rights abuses so the yuan will not be replacing the USD.

Let me tell you why most of the world's countries do not want to be the world's reserve currency. The USD floats. This means the value of the USD relative to other currencies rises and falls based on supply and demand. Many of the world's currencies are pegged to the USD including China's (China says their currency isn't pegged to the USD but everyone outside of China says it is) and Saudi Arabia's.

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas%u2014up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?

Another idea for replacing the USD as the world's reserve currency is to use a basket of goods, a fixed set of consumer products and services whose price is evaluated on a regular basis, often monthly or annually. One of the items in the basket of goods is often oil. However because of the Russia-Ukraine war the price of oil is now unstable as are many of the other goods that would be in the basket of goods.

I thought you were a serious poster but I was wrong.........you did not even bother answering the questions I asked you in my previous last pot in this thread!

Unfortunately you missed the chance to prove your good knowledge over here!


 :reading:
Title: Re: De-Dollarisation.
Post by: dorbradavid on April 27, 2022, 08:26:41 AM

(Attachment Link)

 tiphat

Map gives a nice perspective that most never see.  :8)
Title: De-Dollarisation by Wiz
Post by: Lon on April 27, 2022, 09:30:25 AM
I thought you were a serious poster but I was wrong.........you did not even bother answering the questions I asked you in my previous last pot in this thread!

Unfortunately you missed the chance to prove your good knowledge over here!
:reading:

 :laugh: :laugh: :laugh:
 ;D
Title: Re: De-Dollarisation.
Post by: AJ on April 27, 2022, 10:20:26 AM

(Attachment Link)

 tiphat



Map gives a nice perspective that most never see.  :8)

It does?
It's an inaccurate meme at  best.
Like most memes.

So seeing that perspective would take a leap over common sense.

Russia is surrounded by countries its invaded and annezed  chucks of,go figure they try to get protective  bases.

Show a meme listing russias neighbors that have never been invaded by them  for an equalizing  perspective.

There is no us/nato  active base in Kazakhstan as only one example of its many flaws.

Manas was vacated in 2014,it was always a kazaki air base and had a temporary designation as an air transit center,operated by u.s airforce personnel.

Kazakhstan is home to russias missle testing grounds and a huge array of russian based and manned anti air weapon systems.
Its currently a large  shield for russia and hardly a  nato asset by any means.
Its troops are trained by Russia, its equipiment is from.russia and Ukraine

And heaven forbid euro nations actually have military bases for security, there hasn't been any actions to warrant such concerns ever. (:)

 Wiz disagrees with u.s policy,uk policy, greek policy.

Fair enough ,
A lot of us disagree with our governments foreign  policies.

Title: Re: De-Dollarisation.
Post by: Jonas! on April 27, 2022, 10:36:50 AM
How can US hypocrisy be explained and or justified...?   China makes an agreement with another sovereign nation IN THEIR REGION, and from across the globe US tacitly implies military action.   Attempted coercion against the Soloman Islands, and a threat to China. 

Often our coercive tactics work, and we don't need to resort to military action and or sanctions.  The threat alone is enough.  Let's see how this one plays out with Biden at the helm nodding for the threats.  Meanwhile, Russia failed with coercion, and they moved in.    When if the US does the same it will be couched as 'freedom' in some weird abstract and phony way. 

U.S. Refuses to Rule Out Military Action in Dispute with China over Solomon Islands


Tension is continuing to escalate over the Solomon Islands after the Pacific island nation signed a security deal with China. On Tuesday, a high-ranking U.S. diplomat refused to rule out the U.S. taking military action against the Solomon Islands if China established a military presence on the islands. During a press briefing, the State Department official, Daniel Kritenbrink, said the U.S. respects the Solomon Islands’ sovereignty, but warned against China’s presence in the region, saying the United States would “very naturally respond to those concerns.” By some counts, the U.S. operates over 800 military bases around the world. China opened its first overseas base just four years ago in the African nation of Djibouti....


 https://www.democracynow.org/2022/4/27/headlines/us_refuses_to_rule_out_military_action_in_dispute_with_china_over_solomon_islands   (https://www.democracynow.org/2022/4/27/headlines/us_refuses_to_rule_out_military_action_in_dispute_with_china_over_solomon_islands)

Jonas! 
Title: Re: De-Dollarisation.
Post by: Manny on April 27, 2022, 10:49:22 AM
As for making counterfeit USD it's not an easy process. You have to have the correct paper and ink. Both are difficult to obtain. Then you have to create the perfect plates and make sure the security features are in the bill. Realistically this can only be done by foreign nations or very large well financed criminal organizations.

Bleaching and reprinting singles was the historical way. I just checked and people are still at it (https://www.miamiherald.com/news/nation-world/national/article259428774.html).
Title: Re: De-Dollarisation.
Post by: Texan77 on April 27, 2022, 10:50:51 AM
How can US hypocrisy be explained and or justified...?   China makes an agreement with another sovereign nation IN THEIR REGION, and from across the globe US tacitly implies military action.   Attempted coercion against the Soloman Islands, and a threat to China. 

Often our coercive tactics work, and we don't need to resort to military action and or sanctions.  The threat alone is enough.  Let's see how this one plays out with Biden at the helm nodding for the threats.  Meanwhile, Russia failed with coercion, and they moved in.    When if the US does the same it will be couched as 'freedom' in some weird abstract and phony way. 

U.S. Refuses to Rule Out Military Action in Dispute with China over Solomon Islands


Tension is continuing to escalate over the Solomon Islands after the Pacific island nation signed a security deal with China. On Tuesday, a high-ranking U.S. diplomat refused to rule out the U.S. taking military action against the Solomon Islands if China established a military presence on the islands. During a press briefing, the State Department official, Daniel Kritenbrink, said the U.S. respects the Solomon Islands’ sovereignty, but warned against China’s presence in the region, saying the United States would “very naturally respond to those concerns.” By some counts, the U.S. operates over 800 military bases around the world. China opened its first overseas base just four years ago in the African nation of Djibouti....


 https://www.democracynow.org/2022/4/27/headlines/us_refuses_to_rule_out_military_action_in_dispute_with_china_over_solomon_islands   (https://www.democracynow.org/2022/4/27/headlines/us_refuses_to_rule_out_military_action_in_dispute_with_china_over_solomon_islands)

Jonas!

I wonder why they do not name the diplomat. Maybe he sweeps the floor in the embassy?
Title: Re: De-Dollarisation.
Post by: Jonas! on April 27, 2022, 11:03:30 AM
How can US hypocrisy be explained and or justified...?   China makes an agreement with another sovereign nation IN THEIR REGION, and from across the globe US tacitly implies military action.   Attempted coercion against the Soloman Islands, and a threat to China. 

Often our coercive tactics work, and we don't need to resort to military action and or sanctions.  The threat alone is enough.  Let's see how this one plays out with Biden at the helm nodding for the threats.  Meanwhile, Russia failed with coercion, and they moved in.    When if the US does the same it will be couched as 'freedom' in some weird abstract and phony way. 

U.S. Refuses to Rule Out Military Action in Dispute with China over Solomon Islands


Tension is continuing to escalate over the Solomon Islands after the Pacific island nation signed a security deal with China. On Tuesday, a high-ranking U.S. diplomat refused to rule out the U.S. taking military action against the Solomon Islands if China established a military presence on the islands. During a press briefing, the State Department official, Daniel Kritenbrink, said the U.S. respects the Solomon Islands’ sovereignty, but warned against China’s presence in the region, saying the United States would “very naturally respond to those concerns.” By some counts, the U.S. operates over 800 military bases around the world. China opened its first overseas base just four years ago in the African nation of Djibouti....


 https://www.democracynow.org/2022/4/27/headlines/us_refuses_to_rule_out_military_action_in_dispute_with_china_over_solomon_islands   (https://www.democracynow.org/2022/4/27/headlines/us_refuses_to_rule_out_military_action_in_dispute_with_china_over_solomon_islands)

Jonas!

I wonder why they do not name the diplomat. Maybe he sweeps the floor in the embassy?
First question valid.  Second 'question' indicates you believe it is a fake diplomat and a fake story. 
I don't think the US is at above using these tactics... such as was indicated in story...they probably did off the record, because on the record can look incredibly bad.    Nevertheless the US will look weaker in the eyes of China by making anonymous threats.  If Biden looks into the camera and makes the comment will be a stronger appearance, but will completely open him up to the criticism he will deserve. 

Jonas!   
Title: Re: De-Dollarisation.
Post by: Jonas! on April 27, 2022, 11:13:30 AM
As for making counterfeit USD it's not an easy process. You have to have the correct paper and ink. Both are difficult to obtain. Then you have to create the perfect plates and make sure the security features are in the bill. Realistically this can only be done by foreign nations or very large well financed criminal organizations.

Bleaching and reprinting singles was the historical way. I just checked and people are still at it (https://www.miamiherald.com/news/nation-world/national/article259428774.html).

Interesting story.   Looks like he had done it in the past, and got caught again.   In my opinion 5 years isn't enough time.  It would be in US interest to really deter this activity.  This guy was a small timer maybe nevertheless a group of 6 people can run up bills into the millions.   

Jonas!   
Title: Re: De-Dollarisation.
Post by: Texan77 on April 27, 2022, 11:49:25 AM
As for making counterfeit USD it's not an easy process. You have to have the correct paper and ink. Both are difficult to obtain. Then you have to create the perfect plates and make sure the security features are in the bill. Realistically this can only be done by foreign nations or very large well financed criminal organizations.

Bleaching and reprinting singles was the historical way. I just checked and people are still at it (https://www.miamiherald.com/news/nation-world/national/article259428774.html).

Interesting story.   Looks like he had done it in the past, and got caught again.   In my opinion 5 years isn't enough time.  It would be in US interest to really deter this activity.  This guy was a small timer maybe nevertheless a group of 6 people can run up bills into the millions.   

Jonas!

This is a Russian news tactic. No body made a threat just someone who was not authorized to say anything did not say anything. When asked if the USA would rule out a military response, he said something like no comment. The story is not wrong, but it leaves the reader with a feeling like something is being consider when in all likelihood it is not. The other possibility they ask someone who is not in a position to know anything they say some vague comment then say the USA would not rule out a military response. It is just a way to make news when there is none.
Title: Re: De-Dollarisation.
Post by: andrewfi on April 27, 2022, 12:16:15 PM
https://arretsurinfo.ch/la-russie-augmente-ses-exportations-de-petrole/?fbclid=IwAR0cMW4PhOoZR4dsZdq2x0dL30NrcJdrjnyhgDMxNmZXxcXSRGXSgSCP8A4

Google Translate works well.

But yeah, the Russian economy is in tatters. The Collective West is doing a bang-up job of crippling the Russian economy.
Title: Re: De-Dollarisation.
Post by: Jonas! on April 27, 2022, 12:55:32 PM
As for making counterfeit USD it's not an easy process. You have to have the correct paper and ink. Both are difficult to obtain. Then you have to create the perfect plates and make sure the security features are in the bill. Realistically this can only be done by foreign nations or very large well financed criminal organizations.

Bleaching and reprinting singles was the historical way. I just checked and people are still at it (https://www.miamiherald.com/news/nation-world/national/article259428774.html).

Interesting story.   Looks like he had done it in the past, and got caught again.   In my opinion 5 years isn't enough time.  It would be in US interest to really deter this activity.  This guy was a small timer maybe nevertheless a group of 6 people can run up bills into the millions.   

Jonas!

This is a Russian news tactic. No body made a threat just someone who was not authorized to say anything did not say anything. When asked if the USA would rule out a military response, he said something like no comment. The story is not wrong, but it leaves the reader with a feeling like something is being consider when in all likelihood it is not. The other possibility they ask someone who is not in a position to know anything they say some vague comment then say the USA would not rule out a military response. It is just a way to make news when there is none.

That is possible too.
  I noticed that Australia is talking 'red lines' and says it is going to prepare for war if China builds in the Soloman Islands.  If Australia were to flip out, I'm pretty sure the US could find an excuse to become involved.     Meanwhile the region is littered with US military installations.  So why isn't China permitted to have one of their own...   Typically China ignores threats and does what it wants, which they have a right to do. 

Jonas!   
Title: Re: De-Dollarisation.
Post by: Manny on April 27, 2022, 01:53:44 PM
https://arretsurinfo.ch/la-russie-augmente-ses-exportations-de-petrole/?fbclid=IwAR0cMW4PhOoZR4dsZdq2x0dL30NrcJdrjnyhgDMxNmZXxcXSRGXSgSCP8A4

Google Translate works well.

But yeah, the Russian economy is in tatters. The Collective West is doing a bang-up job of crippling the Russian economy.

Thats hilarious! Sanctions backfiring badly.
Title: Re: De-Dollarisation.
Post by: WestCoast on April 27, 2022, 04:31:10 PM
https://arretsurinfo.ch/la-russie-augmente-ses-exportations-de-petrole/?fbclid=IwAR0cMW4PhOoZR4dsZdq2x0dL30NrcJdrjnyhgDMxNmZXxcXSRGXSgSCP8A4

Google Translate works well.

But yeah, the Russian economy is in tatters. The Collective West is doing a bang-up job of crippling the Russian economy.

Thats hilarious! Sanctions backfiring badly.

Andy, you're correct Google translate does work well. However if you had noticed the "Source: RT.com" button on the left of the screen and pressed it, it would have taken you to the article on RT English and you could have read the article in your native language. I posted a link to the article on RT English.
 
https://www.rt.com/business/554325-russia-oil-exports-surge-sanctions/

Manny I notice you didn't mention the line in the article that said "in the meantime, there are huge discounts for Russian oil in the market. Some will find this environment very attractive."

According to the link below Russian Urals crude was going for USD89.10/barrel in March. Say the huge discount is 25% for payment in rubles. The new price would be $US66.825/barrel (look up if you want to know what it would be in rubles). That's a substantial savings even for a countries like Germany, India and China even more so for smaller countries such as Indonesia, Hungary, Lithuania and others. Another fact that's important to mention that you didn't is that in a number of foreign countries Russian oil companies own a portion of some of the refineries. Check the Reuters and Al Jazeera links. 

Another important fact that isn't mentioned is how long will these countries and companies continue to buy Russian oil? Some countries and companies are simply buying oil to finish off their contracts and might not renew those contracts. Others are probably buying oil on the spot market because the price is so good and they want to fill up all their storage facilities while the price is good.

Another important fact is that the UK and EU might ban fossil fuel vehicles by 2035. This ban on imports of Russian oil might speed up the ban of fossil fuel vehicles. Then of course there's been talk of the renewed interest in nuclear energy in the EU. Dates a few decades away really aren't too far away to start planning for and any substantial move away from oil and gas would cost Russia billions.

https://www.statista.com/statistics/1112243/urals-crude-oil-price/
https://www.reuters.com/business/energy/who-is-still-buying-russian-crude-oil-2022-03-21/
https://www.aljazeera.com/news/2022/3/29/who-is-still-buying-russian-crude-oil
https://www.reuters.com/business/retail-consumer/eu-proposes-effective-ban-new-fossil-fuel-car-sales-2035-2021-07-14/
https://carnegieendowment.org/2022/02/18/why-europe-is-looking-to-nuclear-power-to-fuel-green-future-pub-86468
Title: Re: De-Dollarisation.
Post by: Texan77 on April 27, 2022, 06:46:48 PM
https://arretsurinfo.ch/la-russie-augmente-ses-exportations-de-petrole/?fbclid=IwAR0cMW4PhOoZR4dsZdq2x0dL30NrcJdrjnyhgDMxNmZXxcXSRGXSgSCP8A4

Google Translate works well.

But yeah, the Russian economy is in tatters. The Collective West is doing a bang-up job of crippling the Russian economy.

Thats hilarious! Sanctions backfiring badly.

That is why Russia has to discount its oil 30 per cent. Sanctions take about six months to start to take effect. Just be patient and see what happens. Already Russian defense contractors are unable to replace Russian war losses because of lack of parts. Shipyards unable to work on new Russian ships because of material needed from the west. World largest tank factory nearly completely shut down because of needed parts. Russian should not see any different in there dally life for about 6 months from the 16 of April. That is when they closed down the border to Belarus to all trucks leaving the EU. There is an expected drop of 7 per cent in Russian GDP this year which would put it on par to where it was in 2003. The Russian GDP will have flat line for almost twenty years.
Yea, I guess that is what you call back firing. Copied below.

Economists from Barclays Plc and Goldman Sachs Group Inc. lowered their forecasts for Russia and now see a double-digit contraction in output this year, the latest in a batch of revisions that reckon with the increased severity of sanctions over the invasion of Ukraine.

Barclays released one of the most downbeat views yet, reversing its previous calls for growth and predicting a contraction of 12.4% in 2022 and a further decline of 3.5% the following year. Goldman downgraded this year’s forecast and now expects a slump of 10%, from a 7% drop seen earlier.

“Due to the current geopolitical conditions, we assume sanctions will be long-lasting,” Barclays economists including Brahim Razgallah said in a note.

“The economic slowdown will be gradual and accelerate by mid-2022, as the consequences of sanctions fully translate to the economy,” they said. “We expect the economic contraction will be driven by fall of private consumption, investment and imports.”

Just over three weeks since President Vladimir Putin ordered Russia’s military to attack Ukraine, an economy that was on track to expand for a second year is sinking into its deepest downturn this century.

Putin has warned the country faces rising joblessness and inflation as it adjusts to what he described as an “economic blitzkrieg” of international sanctions. Bloomberg Economics’ initial forecast is for Russia’s full-year GDP to slump about 9% in 2022.

Goldman’s economists led by Clemens Grafe said in a note that “Russia’s exports are more strongly disrupted than we had initially assumed,” accounting for about half of the bank’s downward revision in outlook. Goldman’s base case is that Russia’s gas exports will continue uninterrupted, but its oil shipments will drop by close to 20%.
Title: Re: De-Dollarisation.
Post by: WestCoast on April 27, 2022, 07:07:00 PM
I see everyone is still predicting the imminent collapse of the USD. Manny started this thread on Aug. 11, 2015. The value and importance of the USD hasn't changed since then. Manny, Wiz when is the USD going to collapse and what is going to replace it as the world currency?

I think we can all agree that the Russian ruble is not going to replace the USD anytime soon. What about the Chinese yuan? China is currently committing genocide, slavery, harvesting organs from criminals and Falun Gong practitioners and many other human rights abuses so the yuan will not be replacing the USD.

Let me tell you why most of the world's countries do not want to be the world's reserve currency. The USD floats. This means the value of the USD relative to other currencies rises and falls based on supply and demand. Many of the world's currencies are pegged to the USD including China's (China says their currency isn't pegged to the USD but everyone outside of China says it is) and Saudi Arabia's.

Here's one of the main reasons why few countries would want to be the world's reserve currency. The Federal Reserve Board estimates that more than 60% of all U.S. bills and nearly 80% of $100 bills are now overseas—up from 15% to 30% around 1980. The US government literally flies plane loads of US currency to countries all over the world. Does anyone really think China or Russia would do this?

Another idea for replacing the USD as the world's reserve currency is to use a basket of goods, a fixed set of consumer products and services whose price is evaluated on a regular basis, often monthly or annually. One of the items in the basket of goods is often oil. However because of the Russia-Ukraine war the price of oil is now unstable as are many of the other goods that would be in the basket of goods.

https://www.investopedia.com/articles/forex/061015/top-exchange-rates-pegged-us-dollar.asp
https://www.investopedia.com/terms/f/floatingexchangerate.asp
https://www.investopedia.com/terms/b/basket_of_goods.asp
Quote
We did not predict the imminent collapse of the dollar but we pointed out that there were signs showing the Dollar was loosing ground, against other currencies and was still remaining the World Reserve Currency because of various factors, like for example the huge number of USA BASES around the world (around 800) were through their personnel stationed there the USA was exchanging their Dollar toilet paper for Real local money!

How does the US having 800+ military bases around the world equate to the USD weakening? Please explain.

Quote
It is well known fact the most issued National Currencies to be accepted ought to have either gold or oil/gas or other huge exporting products/sales to support their currency.

Which currencies are backed by gold or oil/gas? How would the public know the gold existed, the quantity and purity? The only way to know would be for their to be a forensic audit conducted by an independent respected third party. Preferably the audit would be public where all the gold is counted, weighed and tested for purity. Do you know of any country that has done this? I don't.

Quote
As most people were told all currencies had a back up, like Gold, Silver, OIL etc supporting their own currency.

Many countries don't have reserves of oil and gas or deposits of gold. How would they get these resources to back up their currencies?

Quote
Before the Breton Wood decision which disengaged the Dollar from Gold, the Crook President Nixon, made a deal with Saudi Arabia, that the USA will provide army/air protection and Saudi Arabia will continue selling oil for Dollars and all money will be deposited at the N York American banks (mostly Jewish) to be invested accordingly.
So the Dollar (toilet paper) this way Acquired a REAL value.

As you are better writing about such matters, please tell the people, the story about  the Breton Wood arrangement, also don’t forget to mention the 800 Bases around the world and their real purpose.

There's nothing in the Bretton Woods Agreement (BWA) that mentions Nixon making an agreement between the US and Saudi Arabia selling oil in USD. If you can find it in the BWA please post it.

The creation of Bretton Woods resulted in countries pegging their currencies to the U.S. dollar. Then the USD was pegged to the price of gold. This made the USD the dominant currency in the global economy. The USD stayed as the global currency even after it was its pegging to gold stopped

Quote
Also don’t forget … The deal with North Korea who despite they have imposed to them closed frontiers with the South they still have plenty of dollars to pay their Government and also their State and Rocket expenses.
Nothing about a deal with North Korea in the BWA. I know from the media that South Korea as aided North Korea with food shipments and in the last couple of decades the South has tried to help the North with their economy but I haven't heard anything about the South helping the North develop their military. Do you have any first hand knowledge of this? If so please post it.

Quote
Well Putin and his friends long time ago realised that they have many valuable products to export to earn foreign currency to support their Rubbles and have done so….while all extra dollars earnings go to buy Gold. Does USA have any Gold of its own?

How do you know Putin has been buying gold? Heard about it in the media? We all know the media lies. Do you have any irrefutable (photos, video, first hand reports from Russian whistle blowers?) first hand knowledge that Russia has lots of gold.
Forget all the Bullshit regarding the dollar and speak about REAL Numbers.

Quote
I expect you know the story of the British crooks who printed millions and millions of perfect Dollars and now live happy in Marbella in Spain!
The only such story I know of is about Anatasios Arnaouti. His gang created fake UK currency and fake US 100s. He and his gang were caught and served time in UK prisons.
https://en.wikipedia.org/wiki/Anatasios_Arnaouti

Quote
Finally can you tell us what is the REAL External National Dept of the USA and when if ever will be paid?
Remember I'm Canadian not American. The US debt will never be paid off. Neither will the debt of Canada, the UK, Greece or any of the other members of the G20/

Quote
Sorry but your country if full of crooks.
The politicians and bureaucrats of all countries are mostly crooked. Look at Russia. Russia has tanks, trucks and other military equipment that are not fit for purpose. Russia can't get the parts necessary to repair this equipment because most of the spare parts are imported. Russia is literally running out of guns and bullets for its army. Where did all the money go that was supposed to keep this equipment ready for war. Think about how stupid Russian bureaucrats and officers are who go to war and end up running out of guns and bullets?
https://www.19fortyfive.com/2022/04/putin-has-a-problem-could-russia-run-out-of-weapons-and-ammo/
 


Title: Re: De-Dollarisation.
Post by: Wiz on April 28, 2022, 12:45:07 AM
The politicians and bureaucrats of all countries are mostly crooked. Look at Russia. Russia has tanks, trucks and other military equipment that are not fit for purpose. Russia can't get the parts necessary to repair this equipment because most of the spare parts are imported. Russia is literally running out of guns and bullets for its army. Where did all the money go that was supposed to keep this equipment ready for war. Think about how stupid Russian bureaucrats and officers are who go to war and end up running out of guns and bullets?

Sorry I only thought you were a serious poster to have a conversation.... but I was wrong. NOBODY including you, likes to hear and deal with the truth!

Tired listening to stupid propaganda.........so I will say.

If you wish....to find the truth about Russia and it's economy it's easy :

Here is a simple calculation....... Russia in its yearly Budget..... calsulate the income of sales of oil  at $42 dollars a barell , cost of extraction is around $7 dollars a barrel..... and is selling.......look your own numbers........ in reality they are making huge profits.when sellng over $52 Dollars a barrel...... I am sure you noticed at te RT article, the comment that tankers (most probably Greek ownership) they load without reporting destination.....in advance, and while still in the Black sea they are trading and sold to various byers......most probably China etc. Everybody makes huge money! and Russia......mountains of foreign exchange. The Boss of Bank of Russia is doing a good job.......

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTJSNFX-qH4BdVQ_3HDmH_tOvewGUhsUurs-9owWmNtCoNCKULcVLeByxhlV7c&s) (https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSovNKG-JNxh_KJNolKRlOrnccdfFKTJmU-grxIzoJVSOdyrbtGV4dSTIJVfuM&s)

Who Holds Russia's Central Bank Reserves? (https://www.statista.com/chart/26940/russian-central-bank-foreign-currency-and-gold-reserves-by-holder/)

Have a nice day and will not bother you again as I don't want to waste yours and my time......
Title: Re: De-Dollarisation.
Post by: WestCoast on April 28, 2022, 01:32:44 AM
The politicians and bureaucrats of all countries are mostly crooked. Look at Russia. Russia has tanks, trucks and other military equipment that are not fit for purpose. Russia can't get the parts necessary to repair this equipment because most of the spare parts are imported. Russia is literally running out of guns and bullets for its army. Where did all the money go that was supposed to keep this equipment ready for war. Think about how stupid Russian bureaucrats and officers are who go to war and end up running out of guns and bullets?

Sorry I only thought you were a serious poster to have a conversation.... but I was wrong. NOBODY including you, likes to hear and deal with the truth!

Tired listening to stupid propaganda.........so I will say.

If you wish....to find the truth about Russia and it's economy it's easy :

Here is a simple calculation....... Russia in its yearly Budget..... calsulate the income of sales of oil  at $42 dollars a barell , cost of extraction is around $7 dollars a barrel..... and is selling.......look your own numbers........ in reality they are making huge profits.when sellng over $52 Dollars a barrel...... I am sure you noticed at te RT article, the comment that tankers (most probably Greek ownership) they load without reporting destination.....in advance, and while still in the Black sea they are trading and sold to various byers......most probably China etc. Everybody makes huge money! and Russia......mountains of foreign exchange. The Boss of Bank of Russia is doing a good job.......

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTJSNFX-qH4BdVQ_3HDmH_tOvewGUhsUurs-9owWmNtCoNCKULcVLeByxhlV7c&s) (https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSovNKG-JNxh_KJNolKRlOrnccdfFKTJmU-grxIzoJVSOdyrbtGV4dSTIJVfuM&s)

Who Holds Russia's Central Bank Reserves? (https://www.statista.com/chart/26940/russian-central-bank-foreign-currency-and-gold-reserves-by-holder/)

Have a nice day and will not bother you again as I don't want to waste yours and my time......

If Russia is making so much money off oil and gas why can't Russia supply its military with 21st century weapons and ammo?

Sources for this information about Russia's oil?
Title: Re: De-Dollarisation.
Post by: Wiz on April 28, 2022, 04:11:10 AM
If Russia is making so much money off oil and gas why can't Russia supply its military with 21st century weapons and ammo?

Sources for this information about Russia's oil?

I think you forget history....... in 1991 the ex USSR has collapsed and the US and foreign Capitalists invaded the country and together with the help of Yeltsin they complete raped the country.

Putin came to power in 2000-1 and it has taken him and his clan more than 10 years to reorganise the state and today he has complete control and has turn around the country despite the problems he had to face on the way, fron USA and also its NATO subordinates.... including the UK. That is the reason why he is very popular in his country!.

With so many restrictions and sanctions imposed by USA to his country.....so under the circumstances he has done very well and be syre he has plenty of modern equipment and amo.. Not to forget the Supersonic rockets.......

Putin has not used the USA standard practice of carpet bombing strategy, when Russia invaded the Ukraine.... killing millions......  because he wants to continue the same previous relationship that USSR had with the local Slavs .

Title: Re: De-Dollarisation.
Post by: Lon on April 28, 2022, 05:43:06 PM
Sorry I only thought you were a serious poster to have a conversation.... but I was wrong.

Tired listening to stupid propaganda

Have a nice day and will not bother you again as I don't want to waste yours and my time......

the only part that is relevant to Wiz.
if you do not agree with his opinions he resorts to name calling and belittling.
promises to not bother you, but does so anyway.

he is to busy blaming the Americans and Israelites for all the worlds problems.
how long before someone points out that Judea was only one of the tribes of Israel.  where are the other tribes, Wiz?
Title: Re: De-Dollarisation.
Post by: Wiz on April 28, 2022, 11:58:38 PM
Sorry I only thought you were a serious poster to have a conversation.... but I was wrong.

Tired listening to stupid propaganda

Have a nice day and will not bother you again as I don't want to waste yours and my time......

the only part that is relevant to Wiz.
if you do not agree with his opinions he resorts to name calling and belittling.
promises to not bother you, but does so anyway.

he is to busy blaming the Americans and Israelites for all the worlds problems.
how long before someone points out that Judea was only one of the tribes of Israel.  where are the other tribes, Wiz?

I expect you must have seen my dislikes ...not talking to trolls....... especially secret ones hiding behind anonimity, a trick used mostly by the Jewish trols.

Take a look of your avatar and then check all your posts...... to see if you have posted anything that would be of interest to other people!

It appears you have not made any useful contributions?

From what I have seen sofar, none, so please go and play in your Jewish kidengarden!

Just for your information REAL PEOPLE are not afraid to show their real faces and express their views ...... only worms hiding from the real world.

 :biggrin:
Shalom Shalom!
Title: Re: De-Dollarisation.
Post by: Lon on April 29, 2022, 03:21:58 AM
I expect you must have seen my dislikes ...not talking to trolls....... especially secret ones hiding behind anonimity, a trick used mostly by the Jewish trols.

Take a look of your avatar and then check all your posts...... to see if you have posted anything that would be of interest to other people!

It appears you have not made any useful contributions?

From what I have seen sofar, none, so please go and play in your Jewish kidengarden!

Just for your information REAL PEOPLE are not afraid to show their real faces and express their views ...... only worms hiding from the real world.

 :biggrin:
Shalom Shalom!

and back to name calling and belittling

and to remind you.  I wrote this when you ignored facts.
"you do realize that posting this nonsense will put suspect all of your posts, past and future?"
Title: Re: De-Dollarisation.
Post by: dorbradavid on April 29, 2022, 08:34:02 AM
ANOTHER $33 billion for Ukraine for the next 5 months?

US defense contractors to get "jump line" authority  for US supply chain issues? WTF?

Title: Re: De-Dollarisation.
Post by: Texan77 on April 29, 2022, 08:40:51 AM
This Problem with the USA dollar is being caused by the Japanese yen.

Title: Re: De-Dollarisation.
Post by: Bodine on April 29, 2022, 09:32:51 AM
ANOTHER $33 billion for Ukraine for the next 5 months?

US defense contractors to get "jump line" authority  for US supply chain issues? WTF?


The US Defense / Military Industry need to be fed. Afghanistan is over and done with, it needs a new outlet.

Fcuk the Afghans Ukrainians. We need to keep pumping military wares into this conflict under the guise of helping them out. Perfect scenario really. We have Ukraine, and its easily stooged president bathing in 'hero complex', sacrifice its country, people and life fighting our boogeyman for us - and still have the world believe we're doing a great deed.

Well scripted, if you asked me.
Title: Re: De-Dollarisation.
Post by: Jonas! on April 29, 2022, 09:40:00 AM
This Problem with the USA dollar is being caused by the Japanese yen.

The yen is going down and dollar has been rising yes.  I don't agree that the yen is at fault. Why do you blame the yen?      For my needs I like a stronger dollar. 

Jonas!
Title: Re: De-Dollarisation.
Post by: Texan77 on April 29, 2022, 12:54:35 PM
We need to dollar to be stable. Not going up or down. A higher dollar brings about recession. Lower dollar brings about inflation. Nether is good. It is just people here cannot think about the dollar going up to where it is becoming a problem.
Title: Re: De-Dollarisation.
Post by: Jonas! on April 29, 2022, 01:00:24 PM
We need to dollar to be stable. Not going up or down. A higher dollar brings about recession. Lower dollar brings about inflation. Nether is good. It is just people here cannot think about the dollar going up to where it is becoming a problem.
Chicken or egg.
Obviously I could be entirely off base,  impression is that it could be the recession that causes the stronger dollar.  Less dollars giving more value to the dollars that do exist. 

Jonas!
Title: Re: De-Dollarisation.
Post by: Texan77 on April 29, 2022, 01:21:04 PM
We need to dollar to be stable. Not going up or down. A higher dollar brings about recession. Lower dollar brings about inflation. Nether is good. It is just people here cannot think about the dollar going up to where it is becoming a problem.
Chicken or egg.
Obviously I could be entirely off base,  impression is that it could be the recession that causes the stronger dollar.  Less dollars giving more value to the dollars that do exist. 

Jonas!

Yes, falling stock markets, high unemployment and crashing housing prices make less dollars and thus the dollar would get stronger.
Title: Re: De-Dollarisation.
Post by: WestCoast on April 29, 2022, 02:29:34 PM
We need to dollar to be stable. Not going up or down. A higher dollar brings about recession. Lower dollar brings about inflation. Nether is good. It is just people here cannot think about the dollar going up to where it is becoming a problem.
Chicken or egg.
Obviously I could be entirely off base,  impression is that it could be the recession that causes the stronger dollar.  Less dollars giving more value to the dollars that do exist. 

Jonas!

Yes, falling stock markets, high unemployment and crashing housing prices make less dollars and thus the dollar would get stronger.

I see neither of you took economics in college. Falling stock markets, high unemployment and crashing housing prices make less dollars and thus the dollar would get stronger. No that's not how it works. Probably the only way that would make the USD stronger would be if all the other major economies were even worse off then foreign capital would come to the US seeking a place to invest.

The USD gains strength when the opposite is true. In general this happens when the stock market is going up thus attracting local and foreign investment. High housing and commercial real estate prices again attract capital from foreign and local investors. Of course low unemployment (March 2022 3.6%) is also necessary.

If local and foreign capital were leaving the US then the USD would fall because there'd be less demand for USD.

Title: Re: De-Dollarisation.
Post by: Texan77 on April 29, 2022, 02:43:35 PM

I expect you must have seen my dislikes ...not talking to trolls....... especially secret ones hiding behind anonimity, a trick used mostly by the Jewish trols.


When will ever stop yo0ur races complaining about Jews? We all get it, you do not like Jews.  :dh:
Title: Re: De-Dollarisation.
Post by: Wiz on April 29, 2022, 05:22:50 PM

I expect you must have seen my dislikes ...not talking to trolls....... especially secret ones hiding behind anonimity, a trick used mostly by the Jewish trols.

When will ever stop yo0ur races complaining about Jews? We all get it, you do not like Jews.  :dh:

Poor Texan..... you are getting dizzy....... be carefull    not to have  a health problem with your investments!!!

I hope you now realise that the whole USA empire projects is nothing more than a House OF Cards......which is in danger to blow away if the Markets continue falling.......or going up!

Do you really make any products to sell , which are not build in China or elsewhere?

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQU7aTBECw91XT2T_6GF7XTR2Gz0RnqXxwWE3CdhJDI2Vb8EuzbEMKfhKQhfjg&s)    (https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTwWrO-BAZ6t5VNKXlmxKePI3gOUmtTo1Mio8RXeAM9BSO1EOXExElJl4orOA&s)         (https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRYFHpwlcItl9ryMumV6heqguoIrxgP3Dg59soO_-_QdF8ybCo4jHhbMhR56ZU&s)
Is that all you can do in your Great Country?

Do you remember that I told you the USA economy is based to support your Defence indurstry........and with out it goes pear shape.

Take a look back at your history.... Invading many many countries, bombing them  and killing millions of people ..... and now you are back to square one!

How many countries you have invaded and how many millions of people lost their lives because of your bombing them?

Russia on the other hand has been concentrating on its main products, OIL and Gas  to extract and sell them to everyone who pays REAL Money to buy them ....... and that is how it supports it's people.

Today you have nothing much to sell to other Nations/people apart from Bombs and Dept!

The end is nigh!

Check your history, and see who has been running
your country after the WWII: Gangsters, Jews and HOLLYWOOD!

tiphat

Title: Re: De-Dollarisation.
Post by: Texan77 on April 29, 2022, 07:07:28 PM

Poor Texan..... you are getting dizzy....... be carefull    not to have  a health problem with your investments!!!

I hope you now realise that the whole USA empire projects is nothing more than a House OF Cards......which is in danger to blow away if the Markets continue falling.......or going up!

Do you really make any products to sell , which are not build in China or elsewhere?

Do you remember that I told you the USA economy is based to support your Defence indurstry........and with out it goes pear shape.

Take a look back at your history.... Invading many many countries, bombing them  and killing millions of people ..... and now you are back to square one!

How many countries you have invaded and how many millions of people lost their lives because of your bombing them?

Russia on the other hand has been concentrating on its main products, OIL and Gas  to extract and sell them to everyone who pays REAL Money to buy them ....... and that is how it supports it's people.

Today you have nothing much to sell to other Nations/people apart from Bombs and Dept!


Poor piss or I mean wiz. You think your investments are any better!!! You think real estate in UK better than southern USA? You think precious metals safter in UK than in USA. I hedge against everything and accept lower returns because of it. Now I have rising dollar depression the price of gold. When dollar drops then gold goes up. I have cash should real estate collapse and real estate should the dollar collapse. My real problem is I have not found away to hedge against a heart attack.  If you have let me know.

As far as not having anything to sell you obviously know nothing about the USA just negative propaganda you read all the time. Obviously, you do not know what is being built in China is disappearing fast. US is one of the world's largest producers of oil and gas.

Get ready Russia wants to nuke the UK.

A news program in Russia discussed the prospect of nuclear strikes on Europe, with one guest suggesting Moscow's latest missile should target the U.K because of its support for Ukraine.

https://www.msn.com/en-us/news/world/russian-tv-hosts-discuss-nuclear-strikes-on-u-k-france-germany/ar-AAWJf0b?ocid=msedgntp&cvid=5d8e0cc03e2f43efa34840a24dbe4d09
Title: Re: De-Dollarisation.
Post by: Millaa on April 30, 2022, 01:28:23 AM

Take a look of your avatar and then check all your posts...... to see if you have posted anything that would be of interest to other people!

It appears you have not made any useful contributions?

From what I have seen sofar, none, so please go and play in your Jewish kidengarden!

Just for your information REAL PEOPLE are not afraid to show their real faces and express their views ...... only worms hiding from the real world.

 :biggrin:
Shalom Shalom!

Hhmm, the useful (maybe the silliest) thing he did was to marry Russian woman from that forum  :biggrin: And I can swear he's not a Jew.
Title: Re: De-Dollarisation.
Post by: Wiz on April 30, 2022, 03:27:02 AM
Poor Texan..... you are getting dizzy....... be carefull    not to have  a health problem with your investments!!!
I hope you now realise that the whole USA empire projects is nothing more than a House OF Cards......which is in danger to blow away if the Markets continue falling.......or going up!
Poor piss or I mean wiz.

You think your investments are any better!!! You think real estate in UK better than southern USA? You think precious metals safter in UK than in USA. I hedge against everything and accept lower returns because of it. Now I have rising dollar depression the price of gold. When dollar drops then gold goes up. I have cash should real estate collapse and real estate should the dollar collapse. My real problem is I have not found away to hedge against a heart attack.  If you have let me know.

As far as not having anything to sell you obviously know nothing about the USA just negative propaganda you read all the time. Obviously, you do not know what is being built in China is disappearing fast. US is one of the world's largest producers of oil and gas.

Poor Donald Duck….err Texan.    :money: :money: :money: :money: :money:

Your prices for oil and gas are Bloody expensive comparing with the Russia, for the buyers and users.  You don't have Pipes like Russia to service clients in Europe, Africa etc.... and you need boats to transport LNG and Oil but there are not many modified ports available in Europe ..... making your product very expensive.

As about other Electronic etc products...... you pay and build them in China, then you export them directly from there to clients so you can compete.. German Cars are build in Mexico and you import them.........and so many other things.....you even import women MOB from Europe, East or West because they are slim in comparison with the fat asses  you have there.... must be the food you eat MAC etc .......

You cannot even concentrate and stay on the same theme and line that your opposition is talking about but you reply with convoluted answers….. simply Bollocks.

We are talking about Russia and Ukraine and you are talking about comparing South of USA with life in the UK.

You have cash …..Real Estate investments producing income and you are panicking and worried what will happen to you if you get a heart attack?  The truth of the matter, according to what you post, is that you are of an old age desperate man, you  live alone and all you think is…Money , Money, and dream about Money.

That reminds me of an old children’s story about Mr Scrooge! Not to forget that you also have a long distance female friend who you offer charity to feel pleased with your self! End of the story is YOU ARE JUST LONELY, according to the info you posted.

My self I am AN OLD AGE POOR PENSIONER, visited Ukraine and Russia several times, found a 19 years younger woman who tolerates me. I married her and after adjusting to life in the UK she started working for the local Government. Few more years and she will be a pensioner too… Meanwhile every year we travel all over Europe, mostly in the south and more often to the Greek islands…..and we are having a great time. Three years ago I had a problem with my right Artery, blocked, so she took me to Hospital. When I came out with a stent, never smoke again and guess what, I am saving more than 150 Dollars a week… so we use the money to travel more often and according to her- in doors, in 15 years we made 40 trips. I just make the bookings due to my travel experience. This year, thanks to bloody America she cannot travel to Russia so at the end of this month we are looking to go to Crete in the south of Greece and I expect, I will book something by the end of today! Guess what, I always have my wife in bed to give me a cuddle! What about You?

Before I forget I have a son living in California, with 5 Children, which unfortunately don’t see often and another son in London, working in the City of London, with 2 very beautiful granddaughters. Last weekend we had a Greek Easter in his GARDEN.

Shall we compare your money and your investments………with my own investments?
A Russian wife that takes care of me…..and also a son living in California with a Phd in computers, own company….. and a London son, 2 Master’s diploma's in economy, and land management etc.

(https://previews.123rf.com/images/vladansrs/vladansrs1801/vladansrs180100309/94513968-high-angle-view-of-a-couple-in-love-lying-in-bed-next-to-each-other-resting-and-cuddling.jpg)


(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRuZqa9NFVHOMHMu6cxqcTjMNzelMoYMRKpDMJlZ0Pgl4FW8pf0Id0jLhgv2A&s)

Money does not make you happy! 
:money:  :money:  :money:




Title: Re: De-Dollarisation.
Post by: Wiz on April 30, 2022, 03:37:44 AM
I expect you must have seen my dislikes ...not talking to trolls....... especially secret ones hiding behind anonimity, a trick used mostly by the Jewish trols.

Take a look of your avatar and then check all your posts...... to see if you have posted anything that would be of interest to other people!

It appears you have not made any useful contributions?

From what I have seen sofar, none, so please go and play in your Jewish kidengarden!

Just for your information REAL PEOPLE are not afraid to show their real faces and express their views ...... only worms hiding from the real world.

 :biggrin:
Shalom Shalom!

and back to name calling and belittling

and to remind you.  I wrote this when you ignored facts.
"you do realize that posting this nonsense will put suspect all of your posts, past and future?"

Do I care what anybody thinks or is going to thing about my views?
At least in the UK we can talk freely........ No tweeter or FB or any other tool of reg dictatorship like in USA..........and Canada.

Dear Mila

Makes no difference to me when he posts such comments.........
neither I care if he is or not!

Title: Re: De-Dollarisation.
Post by: Jonas! on May 01, 2022, 04:31:45 PM
Browsing the internet today and I see China is now paying Russia in Yuan, and Saudi Arabia is in negoiations with China to accept Yuan for their oil.   Perhaps this really is the beginning of the end of the Petrodollar.   It was already a disastrous week for US stocks.   Maybe this sort of thing was already being priced in.  It may not be much of story, but it seems like it is kind of a big deal.

China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan


The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claiming that the international status of the U.S. dollar is “at risk.” However, financial expert Albert Song believes that it will not affect the U.S. dollar’s status as the leading global reserve currency.....

....When touting the growing influence of the Chinese currency, the article on Cngold.org also revealed that the Chinese regime is currently negotiating with Saudi Arabia, planning to use the renminbi to price crude oil, in part.....


  https://www.yahoo.com/finance/news/china-calls-u-dollar-dominance-150000800.html   (https://www.yahoo.com/finance/news/china-calls-u-dollar-dominance-150000800.html)

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on May 01, 2022, 04:49:17 PM
Browsing the internet today and I see China is now paying Russia in Yuan, and Saudi Arabia is in negoiations with China to accept Yuan for their oil.   Perhaps this really is the beginning of the end of the Petrodollar.   It was already a disastrous week for US stocks.   Maybe this sort of thing was already being priced in.  It may not be much of story, but it seems like it is kind of a big deal.

China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan


The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claiming that the international status of the U.S. dollar is “at risk.” However, financial expert Albert Song believes that it will not affect the U.S. dollar’s status as the leading global reserve currency.....

....When touting the growing influence of the Chinese currency, the article on Cngold.org also revealed that the Chinese regime is currently negotiating with Saudi Arabia, planning to use the renminbi to price crude oil, in part.....


  https://www.yahoo.com/finance/news/china-calls-u-dollar-dominance-150000800.html   (https://www.yahoo.com/finance/news/china-calls-u-dollar-dominance-150000800.html)

Jonas!

Jonas did you know that both China and Saudi Arabia have their currencies pegged to the USD? IOW fluctuations in the USD will be one of the reasons for changes in the price of oil.

I keep asking this question and no one wants to give me answer so I'll try again. What is going to replace the USD as the global reserve currency?

I think it's apparent that the Chinese yuan will not replace the USD nor will the Russian ruble. Creating a new currency that is solely a global currency and not linked to any one country will take decades since it would require global consent from at a minimum the G20 member countries and probably far more countries.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 01, 2022, 04:53:16 PM


 

I keep asking this question and no one wants to give me answer so I'll try again. What is going to replace the USD as the global reserve currency?

If you take a look I did respond to this question.   
I don't think you addressed the point I made.  Perhaps take a look and see if you can respond so we can forward the discussion.   
Thanks,
Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on May 01, 2022, 05:27:36 PM


 

I keep asking this question and no one wants to give me answer so I'll try again. What is going to replace the USD as the global reserve currency?

If you take a look I did respond to this question.   
I don't think you addressed the point I made.  Perhaps take a look and see if you can respond so we can forward the discussion.   
Thanks,
Jonas!

Perhaps you could give a hint as to which point your response was in? It wasn't in you last post.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 01, 2022, 06:35:29 PM


 

I keep asking this question and no one wants to give me answer so I'll try again. What is going to replace the USD as the global reserve currency?

If you take a look I did respond to this question.   
I don't think you addressed the point I made.  Perhaps take a look and see if you can respond so we can forward the discussion.   
Thanks,
Jonas!

Perhaps you could give a hint as to which point your response was in? It wasn't in you last post.
It was on the Global Sanctions thread a few days ago:
 https://ruadventures.com/forum/index.php/topic,29842.msg534651.html#msg534651    (https://ruadventures.com/forum/index.php/topic,29842.msg534651.html#msg534651)

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on May 01, 2022, 07:09:56 PM


 

I keep asking this question and no one wants to give me answer so I'll try again. What is going to replace the USD as the global reserve currency?

If you take a look I did respond to this question.   
I don't think you addressed the point I made.  Perhaps take a look and see if you can respond so we can forward the discussion.   
Thanks,
Jonas!

Perhaps you could give a hint as to which point your response was in? It wasn't in you last post.
It was on the Global Sanctions thread a few days ago:
 https://ruadventures.com/forum/index.php/topic,29842.msg534651.html#msg534651    (https://ruadventures.com/forum/index.php/topic,29842.msg534651.html#msg534651)

Jonas!

Sorry obviously I missed that one. Of course it is possible for the world to operate without a reserve currency. It's just that it would be far more difficult to buy foreign commodities without a reserve currency.

I don't know how many commodities are priced in USD but it is a lot. Say they were all priced in the currency of the country that sold them? How many different countries would be pricing gas and oil in their own currency? There's at least 20 that I can name easily. Most countries source oil and gas from a number of different countries that means they'd have to maintain at large inventories of different currencies. Having gas and oil sold in USD greatly simplifies these transactions. For the major economies this probably wouldn't be much of a problem, for the rest of the world it would be a problem. Now remember there are a large number of other commodities priced in USD the same problem would also exist for these commodities.

Another advantage to having a reserve currency is comparison shopping. If everything is in USD it's easier to comparison shop. If you hunting for a deal on oil from 6 different suppliers and there in 6 different currencies it's harder to comparison shop even if there's a computer doing the math.

Then there's currency fluctuations. The USD tends to be relatively stable compared to most other currencies making long term projections easier to predict.

As I mentioned there are a large number of commodities priced in USD. Having all these commodities in USD makes it easier and faster to make the trades because there are extremely large quantities of USD in the world. Not so many Egyptian pounds or Moroccan dirham in the world currency market. If you can't get the currency you need you can't buy that product. There's always USD.

Probably the most important reason for most countries is a reserve currency helps make investments and debt payments easier.

There are probably quite a few other reasons but I'm sure you get some idea of the need for a global reserve currency.
 
Title: Re: De-Dollarisation.
Post by: Texan77 on May 01, 2022, 07:54:47 PM
The world is fragmenting. There is going to be the western bloc which will use the dollars and the eastern bloc which will use something else.  Trade between the two blocs will be much less and less efficient than it is now. This is what happen when competition gets out of control. The eastern bloc will lose most of its trade with the USA and the EU nations. Mexico is an example of a country that will produce the things we will consume in the USA and replace many of our Chinese imports. Robotics is making it possie to produce some items for less in the USA than China. So, some automated factories will return to the USA.
Title: Re: De-Dollarisation.
Post by: WestCoast on May 01, 2022, 08:53:38 PM
The world is fragmenting. There is going to be the western bloc which will use the dollars and the eastern bloc which will use something else.  Trade between the two blocs will be much less and less efficient than it is now. This is what happen when competition gets out of control. The eastern bloc will lose most of its trade with the USA and the EU nations. Mexico is an example of a country that will produce the things we will consume in the USA and replace many of our Chinese imports. Robotics is making it possie to produce some items for less in the USA than China. So, some automated factories will return to the USA.

Don't know where you're getting your information but most of it is wrong. Let's start with your assertion of the western blocs vs the eastern bloc. The eastern bloc you refer to is basically China and North Korea. Japan, South Korea, Taiwan and the other countries in the east are not likely to join China. Why would they move to a tyrantical, genocidal country like China and away from the US, Europe, UK and other countries they currently trade with?

Some manufacturing is moving from China elsewhere such as Vietnam, India, Pakistan and other countries however so much money has been invested in China and China has a very large pool of talent that it is probably impossible to move most of the manufacturing out of China in the near future.

Any of the robotics used in the US can be used in China and the item under construction will still cost far less. The real question about automation and manufacturing in the US is about keeping IP from the Chinese and companies that want to produce in the US vs China and losing their tech to the inevitable theft of IP to Chinese companies.

Mexico is verging on being a failed state and if the cartels get any stronger is likely to become a failed state. Why invest in Mexico when there's literally a danger of employees being killed by the cartel?
Title: Re: De-Dollarisation.
Post by: Jonas! on May 02, 2022, 06:04:16 AM

Sorry obviously I missed that one. Of course it is possible for the world to operate without a reserve currency. It's just that it would be far more difficult to buy foreign commodities without a reserve currency.
 
 
No worries I'm glad you found it now.


I don't know how many commodities are priced in USD but it is a lot. Say they were all priced in the currency of the country that sold them? How many different countries would be pricing gas and oil in their own currency? There's at least 20 that I can name easily. Most countries source oil and gas from a number of different countries that means they'd have to maintain at large inventories of different currencies. Having gas and oil sold in USD greatly simplifies these transactions. For the major economies this probably wouldn't be much of a problem, for the rest of the world it would be a problem. Now remember there are a large number of other commodities priced in USD the same problem would also exist for these commodities.

Another advantage to having a reserve currency is comparison shopping. If everything is in USD it's easier to comparison shop. If you hunting for a deal on oil from 6 different suppliers and there in 6 different currencies it's harder to comparison shop even if there's a computer doing the math.

Then there's currency fluctuations. The USD tends to be relatively stable compared to most other currencies making long term projections easier to predict.

As I mentioned there are a large number of commodities priced in USD. Having all these commodities in USD makes it easier and faster to make the trades because there are extremely large quantities of USD in the world. Not so many Egyptian pounds or Moroccan dirham in the world currency market. If you can't get the currency you need you can't buy that product. There's always USD.

Probably the most important reason for most countries is a reserve currency helps make investments and debt payments easier.

There are probably quite a few other reasons but I'm sure you get some idea of the need for a global reserve currency.
 
I think you stated you were a retired banker and this seems like a logical response. 

So it seems a reserve currency makes trading smoother.   I imagine acquiring the currency comes at a cost.  Another cost is the one we are currently seeing which is threats.   Countries of the world have their own currencies, so they can always decide the costs have increased to the point that the ease of the dollar is no longer worth the direct and indirect costs.   Certain large countries seem to be moving in that direction. 

Jonas!   
Title: Re: De-Dollarisation.
Post by: Texan77 on May 02, 2022, 07:11:07 AM
The world is fragmenting. There is going to be the western bloc which will use the dollars and the eastern bloc which will use something else.  Trade between the two blocs will be much less and less efficient than it is now. This is what happen when competition gets out of control. The eastern bloc will lose most of its trade with the USA and the EU nations. Mexico is an example of a country that will produce the things we will consume in the USA and replace many of our Chinese imports. Robotics is making it possie to produce some items for less in the USA than China. So, some automated factories will return to the USA.

Don't know where you're getting your information but most of it is wrong. Let's start with your assertion of the western blocs vs the eastern bloc. The eastern bloc you refer to is basically China and North Korea. Japan, South Korea, Taiwan and the other countries in the east are not likely to join China. Why would they move to a tyrantical, genocidal country like China and away from the US, Europe, UK and other countries they currently trade with?

Some manufacturing is moving from China elsewhere such as Vietnam, India, Pakistan and other countries however so much money has been invested in China and China has a very large pool of talent that it is probably impossible to move most of the manufacturing out of China in the near future.

Any of the robotics used in the US can be used in China and the item under construction will still cost far less. The real question about automation and manufacturing in the US is about keeping IP from the Chinese and companies that want to produce in the US vs China and losing their tech to the inevitable theft of IP to Chinese companies.

Mexico is verging on being a failed state and if the cartels get any stronger is likely to become a failed state. Why invest in Mexico when there's literally a danger of employees being killed by the cartel?

Mexico is the largest trading partner of the USA. Walk into any Walmart and see where all the TV are made. More Mexicans go leave the USA each year than come here. Mexico no where near a failed state. Problems yes. Central America yes near failed states with cartels? Yes! Who is at the southern border? Hondurans. The world changed since the last time you read about it.

Why put robot factory in China? At one time China had low labor cost and seem like a friendly country. Labor cost has risen and now there is constant shipping problems out of China. The likely of future war means you do not get your supplies at all. Then it is hard to get it into California ports after you pay shipping cost that have risen by several times in the last few years. Now when you get to the port there is a 25 per cent duty on Chinese products. Cheaper to move factory to the USA if you use robots.
Title: Re: De-Dollarisation.
Post by: cufflinks on May 02, 2022, 12:49:29 PM
Brilliant USAwatchdog (Greg Hunter) interview with Jim Rickards of the Strategic Intelligence Report, clearly Jim believes the Demmocommunists party Russia Sanctions have backfired, that de-dollarization is accelerating, however, will not be replaced by the Yuan or Euro as the reserve currency of the world, more likely a basket of currencies represented by the IMF's SDR or special drawing rights...

Jim Rickards also discusses the upcoming crash and great depression and how US Investors and investors around the world can protect themselves in both the short run and the long run...

https://usawatchdog.com/world-moving-to-gold-james-g-rickards/

Title: Re: De-Dollarisation.
Post by: WestCoast on May 02, 2022, 01:25:18 PM
Brilliant USAwatchdog (Greg Hunter) interview with Jim Rickards of the Strategic Intelligence Report, clearly Jim believes the Demmocommunists party Russia Sanctions have backfired, that de-dollarization is accelerating, however, will not be replaced by the Yuan or Euro as the reserve currency of the world, more likely a basket of currencies represented by the IMF's SDR or special drawing rights...

Jim Rickards also discusses the upcoming crash and great depression and how US Investors and investors around the world can protect themselves in both the short run and the long run...

https://usawatchdog.com/world-moving-to-gold-james-g-rickards/

If best-selling financial author James G. Rickards is correct, hint he isn't, and the world is going to go to gold then the richest country in the world is not going to be Russia it is going to be Australia by a significant margin.

Australia has by far the most proven in the ground mine reserves of gold as of 2021.



https://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/
Title: Re: De-Dollarisation.
Post by: Texan77 on May 02, 2022, 01:36:53 PM
Brilliant USAwatchdog (Greg Hunter) interview with Jim Rickards of the Strategic Intelligence Report, clearly Jim believes the Demmocommunists party Russia Sanctions have backfired, that de-dollarization is accelerating, however, will not be replaced by the Yuan or Euro as the reserve currency of the world, more likely a basket of currencies represented by the IMF's SDR or special drawing rights...

Jim Rickards also discusses the upcoming crash and great depression and how US Investors and investors around the world can protect themselves in both the short run and the long run...

https://usawatchdog.com/world-moving-to-gold-james-g-rickards/

I am not saying nothing he says will happen, but he seems to me more interested in selling subscriptions and anything else. It is an old method scare everyone and then offer them a safe solution by paying him. I have been watching Jim for years and very little that he predicted ever happened.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 03, 2022, 07:32:47 AM
Why put robot factory in China? At one time China had low labor cost and seem like a friendly country. Labor cost has risen and now there is constant shipping problems out of China. The likely of future war means you do not get your supplies at all. Then it is hard to get it into California ports after you pay shipping cost that have risen by several times in the last few years. Now when you get to the port there is a 25 per cent duty on Chinese products. Cheaper to move factory to the USA if you use robots.

I don't think robots are going to be the solution right now.  If it were that easy I think it would have already been done.  I will say we in the US should be making more of our own stuff.  We may not have the people power to do it at this time though.  Despite this, it is also a matter of principle, we shouldn't feel so entitled to have everything made FOR us and SERVED to us for extremely low pricing...yet that is where we find ourselves today.

Jonas! 
Title: Re: De-Dollarisation.
Post by: Jonas! on May 03, 2022, 07:36:25 AM

Mexico is verging on being a failed state and if the cartels get any stronger is likely to become a failed state. Why invest in Mexico when there's literally a danger of employees being killed by the cartel?

I'm not sure about Mexico being a failed state.  The US appetite for drugs has become insatiable.  Like other products, maybe we should start making drugs here in the states and spare nations south of the border the mayhem of competing for feeding our drug habit.  Better yet, people here can try to live in reality and swear off drugs. 

Jonas!   
Title: Re: De-Dollarisation.
Post by: Bodine on May 03, 2022, 10:19:18 AM
Reported today, rubles @ 67:1 USD. Sanctioned that.
Title: Re: De-Dollarisation.
Post by: Wiz on May 03, 2022, 11:38:26 PM
Brilliant USAwatchdog (Greg Hunter) interview with Jim Rickards of the Strategic Intelligence Report, clearly Jim believes the Demmocommunists party Russia Sanctions have backfired, that de-dollarization is accelerating, however, will not be replaced by the Yuan or Euro as the reserve currency of the world, more likely a basket of currencies represented by the IMF's SDR or special drawing rights...

Jim Rickards also discusses the upcoming crash and great depression and how US Investors and investors around the world can protect themselves in both the short run and the long run...

https://usawatchdog.com/world-moving-to-gold-james-g-rickards/

I am not saying nothing he says will happen, but he seems to me more interested in selling subscriptions and anything else. It is an old method scare everyone and then offer them a safe solution by paying him. I have been watching Jim for years and very little that he predicted ever happened.

Texan .... Did you read the post below?

Reported today, ruble @ 67:1 USD. Sanctioned that.

Before issuing your last sanctions and war started?  Rubble @ 144 USD!  :ROFL:

I would have thought ...... as a clever investing person you would be there already!

Can you imagine the billions PUTIN MADE for the Rubble investors?
:saint:

All that legally and above board unlike your government and your ... corrupt Alzheimer Don Corleone   President Bidden .. But I am sure you were aware that by issuing the Sanctions your Government simply has been stealing money from the Russian state Foreign Accounts and also from the private Russian Nationals stealing their money, property and private boats!

tiphat
Title: Re: De-Dollarisation.
Post by: WestCoast on May 04, 2022, 12:58:31 AM


All that legally and above board unlike your government and your ... corrupt Alzheimer Don Corleone   President Bidden .. But I am sure you were aware that by issuing the Sanctions your Government simply has been stealing money from the Russian state Foreign Accounts and also from the private Russian Nationals stealing their money, property and private boats!

tiphat
As the world knows Putin and the Russian oligarchs are the mafia in the mafia state that is Russia.

https://www.rferl.org/a/wikileaks_russia_organized_crime/2236673.html
https://www.theguardian.com/news/2018/mar/23/how-organised-crime-took-over-russia-vory-super-mafia
https://www.dailymail.co.uk/news/article-5818343/Explosive-new-book-lays-bare-Putins-links-murky-world-Russian-mafia.html
Title: Re: De-Dollarisation.
Post by: Wiz on May 04, 2022, 03:44:36 AM


All that legally and above board unlike your government and your ... corrupt Alzheimer Don Corleone   President Bidden .. But I am sure you were aware that by issuing the Sanctions your Government simply has been stealing money from the Russian state Foreign Accounts and also from the private Russian Nationals stealing their money, property and private boats!

tiphat
As the world knows Putin and the Russian oligarchs are the mafia in the mafia state that is Russia.

https://www.rferl.org/a/wikileaks_russia_organized_crime/2236673.html
https://www.theguardian.com/news/2018/mar/23/how-organised-crime-took-over-russia-vory-super-mafia
https://www.dailymail.co.uk/news/article-5818343/Explosive-new-book-lays-bare-Putins-links-murky-world-Russian-mafia.html

Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........
Title: De-Dollarisation USA aid to other countries
Post by: Lon on May 04, 2022, 08:46:24 PM

Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........

https://www.worldatlas.com/articles/which-countries-receive-the-most-aid-from-the-united-states.html#:~:text=Which%20Countries%20Receive%20the%20Most%20Aid%20From%20the,%2419%20aid%20per%20person.%20...%204%20Jordan.%20

and look, no hate spewed or derogatory term used
Title: Re: De-Dollarisation.
Post by: WestCoast on May 04, 2022, 08:57:35 PM


All that legally and above board unlike your government and your ... corrupt Alzheimer Don Corleone   President Bidden .. But I am sure you were aware that by issuing the Sanctions your Government simply has been stealing money from the Russian state Foreign Accounts and also from the private Russian Nationals stealing their money, property and private boats!

tiphat
As the world knows Putin and the Russian oligarchs are the mafia in the mafia state that is Russia.

https://www.rferl.org/a/wikileaks_russia_organized_crime/2236673.html
https://www.theguardian.com/news/2018/mar/23/how-organised-crime-took-over-russia-vory-super-mafia
https://www.dailymail.co.uk/news/article-5818343/Explosive-new-book-lays-bare-Putins-links-murky-world-Russian-mafia.html

Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........

Wiz I'm Canadian. That means I live in Canada. Canada is a large country directly north of the USA.
Title: De-Dollarisation most charitable people and countries
Post by: Lon on May 04, 2022, 09:29:18 PM
Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........

and a list of most charitable peoples of the world
https://www.worldatlas.com/articles/the-world-s-most-charitable-nations.html
where is Greece?
Title: Re: De-Dollarisation.
Post by: Texan77 on May 04, 2022, 11:02:27 PM
Why put robot factory in China? At one time China had low labor cost and seem like a friendly country. Labor cost has risen and now there is constant shipping problems out of China. The likely of future war means you do not get your supplies at all. Then it is hard to get it into California ports after you pay shipping cost that have risen by several times in the last few years. Now when you get to the port there is a 25 per cent duty on Chinese products. Cheaper to move factory to the USA if you use robots.

I don't think robots are going to be the solution right now.  If it were that easy I think it would have already been done.  I will say we in the US should be making more of our own stuff.  We may not have the people power to do it at this time though.  Despite this, it is also a matter of principle, we shouldn't feel so entitled to have everything made FOR us and SERVED to us for extremely low pricing...yet that is where we find ourselves today.

Jonas!

It is already being done but a new factory takes a large investment and years to pay for itself, so this takes time all the companies to move. Companies are only interested in making a profit. Here is an example. Auto assembly is often done in USA using robots. Auto parts are often made in Mexico because they need more labor. Nafia makes it very almost like it is made in the USA using cheap labor.

Maybe this would help you about Mexico and how if interacts with the USA.

Title: Re: De-Dollarisation.
Post by: Wiz on May 05, 2022, 04:30:36 AM


All that legally and above board unlike your government and your ... corrupt Alzheimer Don Corleone   President Bidden .. But I am sure you were aware that by issuing the Sanctions your Government simply has been stealing money from the Russian state Foreign Accounts and also from the private Russian Nationals stealing their money, property and private boats!

tiphat

Sorry for the mistake... was 4 AM and was falling asleep.......
Canada you said ? ....... so you also have the same Queen.... :) tiphat
As the world knows Putin and the Russian oligarchs are the mafia in the mafia state that is Russia.

https://www.rferl.org/a/wikileaks_russia_organized_crime/2236673.html
https://www.theguardian.com/news/2018/mar/23/how-organised-crime-took-over-russia-vory-super-mafia
https://www.dailymail.co.uk/news/article-5818343/Explosive-new-book-lays-bare-Putins-links-murky-world-Russian-mafia.html

Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........

Wiz I'm Canadian. That means I live in Canada. Canada is a large country directly north of the USA.
Title: Re: De-Dollarisation most charitable people and countries
Post by: Wiz on May 05, 2022, 04:48:22 AM
Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........

and a list of most charitable peoples of the world
https://www.worldatlas.com/articles/the-world-s-most-charitable-nations.html
where is Greece?

You have NEVER  done anything for any country without ulterior motives!

Following the list I posted EARLIER ... you have killed Millions and millions of inocent people around the world ! That is why you are not popular around the world where you have army and bases.......


If you want to know, the Greeks made important contributions to philosophy, mathematics, astronomy, and medicine. Literature and theatre was an important aspect of Greek culture and influenced modern drama. The Greeks were known for their sophisticated sculpture and architecture.

Enough I would say for a poor country! and after Alexander the Great Greeks never invaded any other country............ apart from liberating our own people.!

In the last WWII it was Greece who made the first win against the AXIS  .... OBVIOUSLY
you don't read History?

Title: Re: De-Dollarisation most charitable people and countries
Post by: Jonas! on May 05, 2022, 02:46:51 PM
Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........

and a list of most charitable peoples of the world
https://www.worldatlas.com/articles/the-world-s-most-charitable-nations.html
where is Greece?

You have NEVER  done anything for any country without ulterior motives!

Following the list I posted EARLIER ... you have killed Millions and millions of inocent people around the world ! That is why you are not popular around the world where you have army and bases.......


There are still a lot of people in the states that mistakenly think we are very popular around the globe.   
The millions and millions we already killed don't have a vote in the matter.
Priority should be cleaning up our own country.  We have a lot of work to do in that regard. 

Jonas!   
Title: Re: De-Dollarisation most charitable people and countries
Post by: Lon on May 05, 2022, 10:51:03 PM
You have NEVER  done anything for any country without ulterior motives!

Following the list I posted EARLIER ... you have killed Millions and millions of inocent people around the world ! That is why you are not popular around the world where you have army and bases.......


"I" do things without ulterior motives.  perhaps you have not noticed?
so far as I know, "I" have not killed anyone, let alone millions of millions, innocent or guilty for that matter.
"I" do not suppose that I am popular, but I have not asked either.  perhaps next time I visit outside of my country I will start polling my international friends

If you want to know, the Greeks made important contributions to philosophy, mathematics, astronomy, and medicine. Literature and theatre was an important aspect of Greek culture and influenced modern drama. The Greeks were known for their sophisticated sculpture and architecture.

I did not know that we were talking ancient history.  I thought it was only since USA was formed that we were trying put blame ???  all those native Americans are not going to like being blamed for all the worlds victims, they are such oppressors
so tell me, did the Greeks contribute philosophy, mathematics, astronomy and medicine out of the charitable goodness of their heart?  or perhaps it was for there own benefit and use?
in reality, of course, what the ancient Greeks or the ancient natives of America did are irrelevant to that present day list of charitable countries

In the last WWII it was Greece who made the first win against the AXIS  .... OBVIOUSLY
you don't read History?
[/size]

OBVIOUSLY!  I have not read the propaganda you seem to be getting your info from
in no particular order
https://en.wikipedia.org/wiki/Battle_of_Saumur_(1940)  18 June 1940   French students battle the Wehrmacht (mind you, students) 
https://en.wikipedia.org/wiki/Battle_of_Cape_Spada       19 July 1940  UK and Australia vs Italy
https://en.wikipedia.org/wiki/Battle_of_the_River_Plate   13 December 1939   UK and New Zealand vs Germany
https://en.wikipedia.org/wiki/Battle_of_Mokra                 1 September 1939   Poland vs Germany
https://en.wikipedia.org/wiki/Battle_of_Britain                10 July until 31 October 1940  listed as UK and Canada vs Germany and Italy, but many other countries pilots involved
                                                                                   (perhaps to include some Greek pilots).
when was it the Greeks had their first win?
https://en.wikipedia.org/wiki/Balkans_campaign_(World_War_II)     28 October 1940

some of the most heroic deeds in the war were performed by the Greeks fighting the Axis, including their non-combatants...ie women.  but do not miss the sacrifices others had made before them.
Title: Re: De-Dollarisation
Post by: Wiz on May 06, 2022, 01:35:08 AM
You have NEVER  done anything for any country without ulterior motives!

Following the list I posted EARLIER ... you have killed Millions and millions of inocent people around the world ! That is why you are not popular around the world where you have army and bases.......

"I" do things without ulterior motives.  perhaps you have not noticed? so far as I know,
"I" have not killed anyone, let alone millions of millions, innocent or guilty for that matter.

"I" do not suppose that I am popular, but I have not asked either.  perhaps next time I visit outside of my country I will start polling my international friends

Actions speak Louder than words... For your information, I have been around this board since it started, I met people in Person with common purpose and I prefer to speak to people who have shown very different behaviour from yours and don't hesitate to express my opinions.

I do not speak to dishonest people who surreptitiously.......CHANGE THE NAME OF THE THREAD, WITHOUT warning or PERMISSION. That indigate to me that people behaving or prone to behave in an untrustworthy, deceitful, or insincere way are not worth talking to them.



Manny is it possible to stop people, especially from the other side of the pond to keep changing the titles .... Thank you!




Title: Re: De-Dollarisation most charitable people and countries
Post by: andrewfi on May 06, 2022, 05:58:48 AM
Here is an article with a list of countries that your Charitable country went on holiday, since the end of the WWII. Later will add more lists.....

Here’s a list of all the countries the US has bombed since World War II (https://www.thelondoneconomic.com/news/heres-a-list-of-all-the-countries-the-us-has-bombed-since-world-war-ii-172786/)   see you later Cappo........

and a list of most charitable peoples of the world
https://www.worldatlas.com/articles/the-world-s-most-charitable-nations.html
where is Greece?

Lon, I think you have been getting confused again. Don't worry; it happens to us all.

Firstly, this list you provided is about charity in general and from the wording seems to be focused on activity within the country, not internationally. It is not about what the USA does for the rest of the world.

Secondly, there is a tendency to be 'generous' in the USA because the USA has an appalling social support system. Charity is what you lot do to ameliorate that horrifying situation. In Greece, there is less of a need for organised charitable giving - -that's not how their society works. That noted, I'd be rather surprised if church-related donations were counted and guess what - that will be a pretty penny. (That's because the 'survey' seems to be self-reported and I think that most people do not count the money they drop in the collection box or helping within the churches' activity as being charitable. )

Thirdly, if looking at foreign aid, which is what I think you were struggling but failing to find, the USA is something of an Indian Giver. It is happening with the 'Aid' for Ukraine by the USA. Almost none of that money will ever reach the shores of Ukraine. The money will be spent on US goods and services and provided to the Ukraine without much input from the recipients. That is a trick that the USA has down to a fine art. Oh, and of course, Lend Lease, sell outdated crap to a needy buyer and lend them the money to take your junk off their hands. Charitable, my arse!



Title: De-Dollarisation confusion???
Post by: Lon on May 06, 2022, 07:39:11 PM
Lon, I think you have been getting confused again. Don't worry; it happens to us all.

Firstly, this list you provided is about charity in general and from the wording seems to be focused on activity within the country, not internationally. It is not about what the USA does for the rest of the world.

ooh, that was almost a good derogatory tone in that writing  :)
the focus on activity in country is immaterial.
but....looking at Forbes list of top American charities, out of the 1st 30, 11 are international

Secondly, there is a tendency to be 'generous' in the USA because the USA has an appalling social support system. Charity is what you lot do to ameliorate that horrifying situation. In Greece, there is less of a need for organised charitable giving - -that's not how their society works. That noted, I'd be rather surprised if church-related donations were counted and guess what - that will be a pretty penny. (That's because the 'survey' seems to be self-reported and I think that most people do not count the money they drop in the collection box or helping within the churches' activity as being charitable. )

the little fact you threw out there "the USA is generous because an appalling social support system" (was that a close enough translation), where did that come from?  geez, andrewfi, you keep telling everybody to quit listening/reading western media.  nice double standard you have there. 
you do realize that the western media is talking about a very small percentage of the population.  perhaps a little less reading of sensationalized rags would un-confuse you.
church-related donations are very likely a pretty penny.  what might the list be of top countries for church donations?  but it is immaterial also.

Thirdly, if looking at foreign aid, which is what I think you were struggling but failing to find, the USA is something of an Indian Giver. It is happening with the 'Aid' for Ukraine by the USA. Almost none of that money will ever reach the shores of Ukraine. The money will be spent on US goods and services and provided to the Ukraine without much input from the recipients. That is a trick that the USA has down to a fine art. Oh, and of course, Lend Lease, sell outdated crap to a needy buyer and lend them the money to take your junk off their hands. Charitable, my arse!

lend lease?  are we talking the present or WW2?  Shermans, P-39s and P-40s, trucks or ammunition...which were outdated junk during WW2?
                  present in Ukraine, are you talking about the M777 artillery, that out range the Russian artillery, that outdated junk?  or the 144,000 artillery rounds?  the personal
                  armor, is that outdated junk?
you do know what lend lease means, right?  it is not giving, it is lending.
you think that the USA is tricking anyone?  lot of naive countries out there I guess.  maybe you could post a list of the victims (countries).  you think the USA is only country "tricking" (or trying).
it is starting to seem you are just another America hater.  when do you start blaming the Zionists for all the worlds ill, like Wiz?

on a final note...in the future, when you use an American idiom, "Indian Giver", try to use it correctly.
if you watched a few more Westerns you might be able to use it correctly   :biggrin:
Title: Re: De-Dollarisation.
Post by: Jonas! on May 07, 2022, 06:19:00 PM

Lula is well ahead in Brazilian polls to be next president.  Seems that he is fed up with the US and their dollar BS.  On his platform he is promoting discarding the dollar & creating a unified South American currency.   

He also had plenty of harsh comments regarding Europe NATO and what is happening in Ukraine. 

Let's see if the US attempts some covert actions to ruin or discredit Brazil's elections. 

How is Lula da Silva’s proposal to create a single Latin American currency
 Less than six months before the elections, the former president of Brazil and candidate for the Workers’ Party (PT), Luiz Inácio Lula da Silvadefended the creation of a single currency in Latin America as part of the expansion of relations between the countries of the region.

“We don’t have to depend on the dollar”Lula said in a speech at the Electoral Congress of the Socialism and Liberty Party on Saturday, in which the political group declared its support for the former president for the October vote.


  https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/   (https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/)

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on May 07, 2022, 07:58:12 PM

Lula is well ahead in Brazilian polls to be next president.  Seems that he is fed up with the US and their dollar BS.  On his platform he is promoting discarding the dollar & creating a unified South American currency.   

He also had plenty of harsh comments regarding Europe NATO and what is happening in Ukraine. 

Let's see if the US attempts some covert actions to ruin or discredit Brazil's elections. 

How is Lula da Silva’s proposal to create a single Latin American currency
 Less than six months before the elections, the former president of Brazil and candidate for the Workers’ Party (PT), Luiz Inácio Lula da Silvadefended the creation of a single currency in Latin America as part of the expansion of relations between the countries of the region.

“We don’t have to depend on the dollar”Lula said in a speech at the Electoral Congress of the Socialism and Liberty Party on Saturday, in which the political group declared its support for the former president for the October vote.


  https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/   (https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/)

Jonas!

From https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/

It's an interesting read however I doubt it will happen. There's too much corruption in South America and if you include Central America the corruption goes off the scale.

Some of the rules make it unlikely to happen:

“Member countries would receive an initial endowment from Sur, according to clear agreed rules, and would be free to adopt it nationally or keep their currencies while the exchange rates between the national currencies and the South would be floating”.

How are the countries going to agree on the rules, especially if countries in Central America are included, when so many are so corrupt?

Another problem is that El Salvador and Ecuador use the USD as their legal currency. Other countries such as Panama, Argentina and Venezuela have their own currency but also accept the USD and it has a critical weight on their monetary policies. These countries are bound to have problems if they drop the USD and switch over to the new digital currency. If they become members of the club but continue to use the USD how till that impact the other countries using the digital currency?

Perhaps the most interesting and possibly problematic issue is funding the digital currency. According to the article the new digital currency would be funded by international reserves of the countries in the group and/or a tax on exports to countries outside the region. Do the countries involved have sufficient international reserves to fund the new digital currency? Are there countries that have significantly more international reserves than others? Will the dominant countries take advantage of their dominance in much the way the US does as the world's reserve currency?

The capitalization of this currency It would be achieved based on “the international reserves of the countries and/or a tax on exports from countries outside the region.”

IOW it appears the group is going to add to the cost of its exports to countries not in Central or South America. This will hurt the sale of their exports. It might make the countries less competitive. Countries that are outside the region and sell the same commodities might be able to take advantage of the increased costs of the groups' commodities and undercut the groups' prices. 
Title: Re: De-Dollarisation.
Post by: Jonas! on May 07, 2022, 09:02:41 PM

Lula is well ahead in Brazilian polls to be next president.  Seems that he is fed up with the US and their dollar BS.  On his platform he is promoting discarding the dollar & creating a unified South American currency.   

He also had plenty of harsh comments regarding Europe NATO and what is happening in Ukraine. 

Let's see if the US attempts some covert actions to ruin or discredit Brazil's elections. 

How is Lula da Silva’s proposal to create a single Latin American currency
 Less than six months before the elections, the former president of Brazil and candidate for the Workers’ Party (PT), Luiz Inácio Lula da Silvadefended the creation of a single currency in Latin America as part of the expansion of relations between the countries of the region.

“We don’t have to depend on the dollar”Lula said in a speech at the Electoral Congress of the Socialism and Liberty Party on Saturday, in which the political group declared its support for the former president for the October vote.


  https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/   (https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/)

Jonas!

From https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/

It's an interesting read however I doubt it will happen. There's too much corruption in South America and if you include Central America the corruption goes off the scale.

Some of the rules make it unlikely to happen:

“Member countries would receive an initial endowment from Sur, according to clear agreed rules, and would be free to adopt it nationally or keep their currencies while the exchange rates between the national currencies and the South would be floating”.

How are the countries going to agree on the rules, especially if countries in Central America are included, when so many are so corrupt?

Another problem is that El Salvador and Ecuador use the USD as their legal currency. Other countries such as Panama, Argentina and Venezuela have their own currency but also accept the USD and it has a critical weight on their monetary policies. These countries are bound to have problems if they drop the USD and switch over to the new digital currency. If they become members of the club but continue to use the USD how till that impact the other countries using the digital currency?

Perhaps the most interesting and possibly problematic issue is funding the digital currency. According to the article the new digital currency would be funded by international reserves of the countries in the group and/or a tax on exports to countries outside the region. Do the countries involved have sufficient international reserves to fund the new digital currency? Are there countries that have significantly more international reserves than others? Will the dominant countries take advantage of their dominance in much the way the US does as the world's reserve currency?

The capitalization of this currency It would be achieved based on “the international reserves of the countries and/or a tax on exports from countries outside the region.”

IOW it appears the group is going to add to the cost of its exports to countries not in Central or South America. This will hurt the sale of their exports. It might make the countries less competitive. Countries that are outside the region and sell the same commodities might be able to take advantage of the increased costs of the groups' commodities and undercut the groups' prices.
You touched upon a lot of interesting points and potential obstacles.  You did leave out the most menacing obstacle which of course would be the USA.  There are few limits to what we may do to torpedo this sort of deal.  Both covertly and overtly. 

For now it is just a floating idea, it does give a window into the mindset though of the largest most populous country in South America.  Trying to bring a dozen or more nations together for something like this seems like it would be very difficult.  I will be curious to see what the response would be from the other South American nations though. 

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on May 07, 2022, 09:51:42 PM

Lula is well ahead in Brazilian polls to be next president.  Seems that he is fed up with the US and their dollar BS.  On his platform he is promoting discarding the dollar & creating a unified South American currency.   

He also had plenty of harsh comments regarding Europe NATO and what is happening in Ukraine. 

Let's see if the US attempts some covert actions to ruin or discredit Brazil's elections. 

How is Lula da Silva’s proposal to create a single Latin American currency
 Less than six months before the elections, the former president of Brazil and candidate for the Workers’ Party (PT), Luiz Inácio Lula da Silvadefended the creation of a single currency in Latin America as part of the expansion of relations between the countries of the region.

“We don’t have to depend on the dollar”Lula said in a speech at the Electoral Congress of the Socialism and Liberty Party on Saturday, in which the political group declared its support for the former president for the October vote.


  https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/   (https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/)

Jonas!

From https://cvvnews.com/how-is-lula-da-silvas-proposal-to-create-a-single-latin-american-currency/

It's an interesting read however I doubt it will happen. There's too much corruption in South America and if you include Central America the corruption goes off the scale.

Some of the rules make it unlikely to happen:

“Member countries would receive an initial endowment from Sur, according to clear agreed rules, and would be free to adopt it nationally or keep their currencies while the exchange rates between the national currencies and the South would be floating”.

How are the countries going to agree on the rules, especially if countries in Central America are included, when so many are so corrupt?

Another problem is that El Salvador and Ecuador use the USD as their legal currency. Other countries such as Panama, Argentina and Venezuela have their own currency but also accept the USD and it has a critical weight on their monetary policies. These countries are bound to have problems if they drop the USD and switch over to the new digital currency. If they become members of the club but continue to use the USD how till that impact the other countries using the digital currency?

Perhaps the most interesting and possibly problematic issue is funding the digital currency. According to the article the new digital currency would be funded by international reserves of the countries in the group and/or a tax on exports to countries outside the region. Do the countries involved have sufficient international reserves to fund the new digital currency? Are there countries that have significantly more international reserves than others? Will the dominant countries take advantage of their dominance in much the way the US does as the world's reserve currency?

The capitalization of this currency It would be achieved based on “the international reserves of the countries and/or a tax on exports from countries outside the region.”

IOW it appears the group is going to add to the cost of its exports to countries not in Central or South America. This will hurt the sale of their exports. It might make the countries less competitive. Countries that are outside the region and sell the same commodities might be able to take advantage of the increased costs of the groups' commodities and undercut the groups' prices.
You touched upon a lot of interesting points and potential obstacles.  You did leave out the most menacing obstacle which of course would be the USA.  There are few limits to what we may do to torpedo this sort of deal.  Both covertly and overtly. 

For now it is just a floating idea, it does give a window into the mindset though of the largest most populous country in South America.  Trying to bring a dozen or more nations together for something like this seems like it would be very difficult.  I will be curious to see what the response would be from the other South American nations though. 

Jonas!

Of course knowing how the other South American and Central American countries would respond is critical. I have no idea on how the other countries get along with Brazil and/or Lula da Silva.

Would the US try to stop the deal? The combined GDP of all those countries isn't much of a threat to the US. Their votes in the UN on some issues might be especially if they have seats on the UN Security Council.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 07, 2022, 10:24:01 PM
Would the US try to stop the deal? The combined GDP of all those countries isn't much of a threat to the US. Their votes in the UN on some issues might be especially if they have seats on the UN Security Council.
When much smaller regions were attempting to bypass the dollar their leadership was treated rather rudely... 
South America has around 430 million people and a GDP of 6.5 trillion roughly. 
It seems the trend across the globe is shying away from the dollar more now.  Nations can see how vulnerable they MAY be someday, so in that respect it is smart to minimize their exposure.   I'm not sure what the ultimate ramifications are for the US if indeed the trend continues or accelerates.  Based on an earlier conversation with Andrewfi, it seems inflation would be a cornerstone of the cashed in dollars coming back to the states.

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on May 08, 2022, 12:04:57 AM
Would the US try to stop the deal? The combined GDP of all those countries isn't much of a threat to the US. Their votes in the UN on some issues might be especially if they have seats on the UN Security Council.
When much smaller regions were attempting to bypass the dollar their leadership was treated rather rudely... 
South America has around 430 million people and a GDP of 6.5 trillion roughly. 
It seems the trend across the globe is shying away from the dollar more now.  Nations can see how vulnerable they MAY be someday, so in that respect it is smart to minimize their exposure.   I'm not sure what the ultimate ramifications are for the US if indeed the trend continues or accelerates.  Based on an earlier conversation with Andrewfi, it seems inflation would be a cornerstone of the cashed in dollars coming back to the states.

Jonas!

I read Andy's post. Note there was no authoritative references. What did Andy mean by cashed in dollars returning to the US? Remember most US currency in circulation is outside of the US.

The way most US currency outside the US returns to the US is when the bills are worn out and need to be destroyed. The US government sends out new bills for the old bills and the old bills are returned to the US to be destroyed. I don't see how that creates inflation?

Inflation is caused when "prices rise due to increases in production costs, such as raw materials and wages".
Inflation happens when "demand for products and services can increase as consumers are willing to pay more for the product".
This has happened recently as oil companies are recording record profits from the increased price of oil due to high demand and limited supply.

https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp
https://www.chicagofed.org/publications/chicago-fed-letter/2018/396
Title: Re: De-Dollarisation.
Post by: Jonas! on May 08, 2022, 08:26:13 AM
The way most US currency outside the US returns to the US is when the bills are worn out and need to be destroyed. The US government sends out new bills for the old bills and the old bills are returned to the US to be destroyed. I don't see how that creates inflation?
This worn-out bill subject is not relevant to the conversation at all.   

What may be relevant is let's say US dollars are no longer needed in great numbers, yet they still exist.   Nations abroad decide they no longer need to keep them on hand.  They then head back to the US in greater numbers and presumably inflate prices by virtue of a lot of additional (Less valued) currency in local circulation.     I'm sure there are a lot of other factors I'm not considering just yet. 

It would seem the US will need to provide a new service to the world in order to remain in the top tiers of wealth.  I see how China is gaining wealth (Through manufacturing)  I see how Russia can gain wealth (Through resource exploitation).  It seems the US was providing some banking and financial service, (Among other things) but as it's trustworthiness is becoming more in question, that is on the decline.   So in the future, I'm curious what services will the US develop further to remain strong...

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on May 08, 2022, 12:00:38 PM
The way most US currency outside the US returns to the US is when the bills are worn out and need to be destroyed. The US government sends out new bills for the old bills and the old bills are returned to the US to be destroyed. I don't see how that creates inflation?
This worn-out bill subject is not relevant to the conversation at all.   

What may be relevant is let's say US dollars are no longer needed in great numbers, yet they still exist.   Nations abroad decide they no longer need to keep them on hand.  They then head back to the US in greater numbers and presumably inflate prices by virtue of a lot of additional (Less valued) currency in local circulation.     I'm sure there are a lot of other factors I'm not considering just yet. 

If hypothetically the world no longer wanted to use USD and these physical banknotes returned to the US they would not just float in circulation in the US economy. They would be withdrawn from circulation and probably destroyed.

As I've mentioned several times something like 60% of US currency, 80% of US hundreds are in circulation outside of the US. So any significant increase in US banknotes in the US would be noticed quickly by the government.

BTW how would so many US banknotes return to the US if they were not returned by the US government? We're talking millions of banknotes. It would be physically impossible for US citizens and tourists to bring that many banknotes into the US without a pattern being detected by US customs.


Quote

It would seem the US will need to provide a new service to the world in order to remain in the top tiers of wealth.  I see how China is gaining wealth (Through manufacturing)  I see how Russia can gain wealth (Through resource exploitation).  It seems the US was providing some banking and financial service, (Among other things) but as it's trustworthiness is becoming more in question, that is on the decline.   So in the future, I'm curious what services will the US develop further to remain strong...

Jonas!

Jonas you and Andy are not doing your due diligence. Look at the Brookings link. China is #1 in manufacturing, look at who #2 is, the US. BTW Russia is at #15 behind Canada which has about 25% of Russia's population.

https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/

Jonas are you saying Russia is a trusted country after it invaded Ukraine? China is literally committing genocide and slavery as we speak. How long do you think it will take for Russia to be a trusted country in the eyes of the world once again? What about China? Neither of these countries are going to be a global reserve currency provider in the near future.
Title: Re: De-Dollarisation.
Post by: Steveboy on May 08, 2022, 12:09:45 PM
The way most US currency outside the US returns to the US is when the bills are worn out and need to be destroyed. The US government sends out new bills for the old bills and the old bills are returned to the US to be destroyed. I don't see how that creates inflation?
This worn-out bill subject is not relevant to the conversation at all.   

What may be relevant is let's say US dollars are no longer needed in great numbers, yet they still exist.   Nations abroad decide they no longer need to keep them on hand.  They then head back to the US in greater numbers and presumably inflate prices by virtue of a lot of additional (Less valued) currency in local circulation.     I'm sure there are a lot of other factors I'm not considering just yet. 

It would seem the US will need to provide a new service to the world in order to remain in the top tiers of wealth.  I see how China is gaining wealth (Through manufacturing)  I see how Russia can gain wealth (Through resource exploitation).  It seems the US was providing some banking and financial service, (Among other things) but as it's trustworthiness is becoming more in question, that is on the decline.   So in the future, I'm curious what services will the US develop further to remain strong...

Jonas!

services will the US develop further to remain strong... What about becoming global leaders in the fat removing process ..lol With millions of semi-conscious Americans walking around day after day just eating non stop.. Forget the American bald Eagle  as the National emblem .. it should be just a big bowl of macaroni and cheese..  Americans will eat anything salted raccoons ass on a stick is fine .. any thing!

We all know every thing in the US is king size super Jumbo! Especially the people! Have you seen some of the people? Have you taken a good look? have you seen all these huge people walking about! Huge piles of redundant photo plasm.. wandering down the shopping malls like jumbo buses..

If you really look at them you could even wonder "How does this women take a shit?"  "How do these people have sex? Is it structurally possible?"

I see a huge opportunity for the US to become world leaders in Fat Removal.. :laugh: :laugh:
Title: Re: De-Dollarisation.
Post by: Jonas! on May 08, 2022, 12:57:23 PM
 


If hypothetically the world no longer wanted to use USD and these physical banknotes returned to the US they would not just float in circulation in the US economy. They would be withdrawn from circulation and probably destroyed.

As I've mentioned several times something like 60% of US currency, 80% of US hundreds are in circulation outside of the US. So any significant increase in US banknotes in the US would be noticed quickly by the government.

BTW how would so many US banknotes return to the US if they were not returned by the US government? We're talking millions of banknotes. It would be physically impossible for US citizens and tourists to bring that many banknotes into the US without a pattern being detected by US customs.
I"m just engaging in theoretical talk and you seem to have good discussion skills. 
I'm not sure it is an issue of smuggling dollars into the USA.  The dollars are currently in existence and have value.  Let's say people decided to trade them in for tangible goods of all sorts.  We (The states) would wind up with all the dollars, and all our tangible goods would be sold to the foreigners with all the money.   If the dollars remained valuable we could recreate the goods and process could continue.  If the dollars lost significant value then we could perhaps do it again, at much greater cost.   


Jonas are you saying Russia is a trusted country after it invaded Ukraine? China is literally committing genocide and slavery as we speak. How long do you think it will take for Russia to be a trusted country in the eyes of the world once again? What about China? Neither of these countries are going to be a global reserve currency provider in the near future.

I don't really trust Russia or China either.  The dollar could lose it's status without either of them replacing them.  I definitely question the genocide talk regarding China though.    Nations can do there on thing more and more.  Other nations can band together like Europe did with the Euro.  The trend seems to be accelerating now so I'm curious to see what the consequences will be. 


Jonas you and Andy are not doing your due diligence. Look at the Brookings link. China is #1 in manufacturing, look at who #2 is, the US. BTW Russia is at #15 behind Canada which has about 25% of Russia's population.

https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/

 

I see the US does seem to manufacture quite a bit of stuff still.  As long as that continues, the US will at least have some status and offer something useful to other nations in exchange for their goods and services. 

Jonas!   

Title: Re: De-Dollarisation.
Post by: Jonas! on May 08, 2022, 01:19:08 PM
We all know every thing in the US is king size super Jumbo! Especially the people! Have you seen some of the people? Have you taken a good look? have you seen all these huge people walking about! Huge piles of redundant photo plasm.. wandering down the shopping malls like jumbo buses..

If you really look at them you could even wonder "How does this women take a shit?"  "How do these people have sex? Is it structurally possible?"

I see a huge opportunity for the US to become world leaders in Fat Removal.. :laugh: :laugh:

We here in the states like to feed our large featureless face with tasteless bland food....and lots of it.  We like to ride our motored scooters through shopping malls and buy a bunch of useless crap and chuck it 3 months later.     We can offer clinics on how to gain weight through inactivity, poor diets, and how to be wasteful in general, while beating our collective chest at how exceptional we are! 

(https://oddculture.com/wp-content/uploads/2010/04/george_jolicur-217x300.jpg)
Title: Re: De-Dollarisation.
Post by: WestCoast on May 08, 2022, 01:27:35 PM
 


If hypothetically the world no longer wanted to use USD and these physical banknotes returned to the US they would not just float in circulation in the US economy. They would be withdrawn from circulation and probably destroyed.

As I've mentioned several times something like 60% of US currency, 80% of US hundreds are in circulation outside of the US. So any significant increase in US banknotes in the US would be noticed quickly by the government.

BTW how would so many US banknotes return to the US if they were not returned by the US government? We're talking millions of banknotes. It would be physically impossible for US citizens and tourists to bring that many banknotes into the US without a pattern being detected by US customs.
I"m just engaging in theoretical talk and you seem to have good discussion skills. 
I'm not sure it is an issue of smuggling dollars into the USA.  The dollars are currently in existence and have value.  Let's say people decided to trade them in for tangible goods of all sorts.  We (The states) would wind up with all the dollars, and all our tangible goods would be sold to the foreigners with all the money.   If the dollars remained valuable we could recreate the goods and process could continue.  If the dollars lost significant value then we could perhaps do it again, at much greater cost.   

There's really no way for foreigners to use up all the US currency abroad no matter how much they buy of American goods and services. The US government continually sends US currency to all parts of the world to make sure US banknotes are available.

For the USD to lose value foreigners and foreign companies would have to stop buying US goods and services. If that happened then US citizens and companies couldn't buy foreign goods and services. Countries like China which trades with the US would lose most of their sales to the US and the Chinese economy would crash. Same in the EU.

About 15% of global GDP is American if the US economy collapses so will many of the economies of other nations. China relies heavily on the US economy so it would suffer. The EU relies heavily on the US economy so it would suffer. If the US economy and the Chinese economy and the EU economy all collapse the global economy crashes and there'd be a global recession like the world has never seen before, probably worse than the Great Depression.


https://www.statista.com/statistics/270267/united-states-share-of-global-gross-domestic-product-gdp/
https://en.wikipedia.org/wiki/Great_Depression
Title: Re: De-Dollarisation.
Post by: WestCoast on May 08, 2022, 01:32:07 PM
The way most US currency outside the US returns to the US is when the bills are worn out and need to be destroyed. The US government sends out new bills for the old bills and the old bills are returned to the US to be destroyed. I don't see how that creates inflation?
This worn-out bill subject is not relevant to the conversation at all.   

What may be relevant is let's say US dollars are no longer needed in great numbers, yet they still exist.   Nations abroad decide they no longer need to keep them on hand.  They then head back to the US in greater numbers and presumably inflate prices by virtue of a lot of additional (Less valued) currency in local circulation.     I'm sure there are a lot of other factors I'm not considering just yet. 

It would seem the US will need to provide a new service to the world in order to remain in the top tiers of wealth.  I see how China is gaining wealth (Through manufacturing)  I see how Russia can gain wealth (Through resource exploitation).  It seems the US was providing some banking and financial service, (Among other things) but as it's trustworthiness is becoming more in question, that is on the decline.   So in the future, I'm curious what services will the US develop further to remain strong...

Jonas!

services will the US develop further to remain strong... What about becoming global leaders in the fat removing process ..lol With millions of semi-conscious Americans walking around day after day just eating non stop.. Forget the American bald Eagle  as the National emblem .. it should be just a big bowl of macaroni and cheese..  Americans will eat anything salted raccoons ass on a stick is fine .. any thing!

We all know every thing in the US is king size super Jumbo! Especially the people! Have you seen some of the people? Have you taken a good look? have you seen all these huge people walking about! Huge piles of redundant photo plasm.. wandering down the shopping malls like jumbo buses..

If you really look at them you could even wonder "How does this women take a shit?"  "How do these people have sex? Is it structurally possible?"

I see a huge opportunity for the US to become world leaders in Fat Removal.. :laugh: :laugh:

Lots of fat people in Europe. The UK is the second fattest country in Europe after Turkey. In fact according to the WHO obesity has reached epidemic levels in Europe.


https://www.bloomberg.com/news/articles/2022-05-03/obesity-rates-have-increased-in-europe-led-by-turkey-u-k
Title: Re: De-Dollarisation.
Post by: Manny on May 09, 2022, 09:44:52 AM
are you saying Russia is a trusted country after it invaded Ukraine?

Are you saying the US is a trusted country after invading at least 23 (https://www.politifact.com/invasions/) countries? And that's not counting places such as Vietnam and Korea. Or Libya and Syria that was done under the guise of NATO or any of the other meddling, regime changes, etc.
Title: Re: De-Dollarisation.
Post by: WestCoast on May 09, 2022, 10:39:45 AM
are you saying Russia is a trusted country after it invaded Ukraine?

Are you saying the US is a trusted country after invading at least 23 (https://www.politifact.com/invasions/) countries? And that's not counting places such as Vietnam and Korea. Or Libya and Syria that was done under the guise of NATO or any of the other meddling, regime changes, etc.

Yes the US is a trusted country. Foreigners want to come to the US to live, study and work. My family has been going to the US for over 50 years. Has have many people who live in Vancouver. I've had bank accounts in LA and Bellingham, Washington for over 40 years. I know friends that have had second homes in the US for decades.

The USD is the global reserve currency not the Russian ruble or the Chinese yuan. Manny how long do you think it will take for Russia to regain it's former position in the world? People are calling for Putin to be put on trial for war crimes.

Russia might very well be able to survive. It did has the USSR. Soviet citizens had little contact with the outside world. Will that be the future for Russia? Closed to the outside world again?
Title: Re: De-Dollarisation.
Post by: Manny on May 09, 2022, 10:56:41 AM
are you saying Russia is a trusted country after it invaded Ukraine?

Are you saying the US is a trusted country after invading at least 23 (https://www.politifact.com/invasions/) countries? And that's not counting places such as Vietnam and Korea. Or Libya and Syria that was done under the guise of NATO or any of the other meddling, regime changes, etc.

Yes the US is a trusted country.

I disagree.

The USD is the global reserve currency

Yet we have on this very topic the fact that the world is dumping dollars at unprecedented rates.

Manny how long do you think it will take for Russia to regain it's former position in the world?

Russia's world status is unaffected, the position to which you refer relates to the west, not the world.

People are calling for Putin to be put on trial for war crimes.

As they did for Blair and Bush.

Russia might very well be able to survive. It did has the USSR. Soviet citizens had little contact with the outside world. Will that be the future for Russia? Closed to the outside world again?

What you are seeing is a decoupling from the west. Not the same as you imagine.
Title: Re: De-Dollarisation.
Post by: WestCoast on May 09, 2022, 11:25:52 AM
are you saying Russia is a trusted country after it invaded Ukraine?

Are you saying the US is a trusted country after invading at least 23 (https://www.politifact.com/invasions/) countries? And that's not counting places such as Vietnam and Korea. Or Libya and Syria that was done under the guise of NATO or any of the other meddling, regime changes, etc.

Yes the US is a trusted country.

I disagree.

The USD is the global reserve currency

Yet we have on this very topic the fact that the world is dumping dollars at unprecedented rates.

Any proof? Here's mine.
https://www.euronews.com/next/2022/05/04/watch-the-us-dollar-is-the-mightiest-of-all-world-currencies-but-is-its-position-under-thr

Manny how long do you think it will take for Russia to regain it's former position in the world?

Russia's world status is unaffected, the position to which you refer relates to the west, not the world.
[/quote]
Russian oligarchs having their yachts, planes, villas, bank accounts seized. Ordinary Russians not able to study, work, move to, shop and vacation in the west. That sounds like Russia is losing its place in the world. After a few decades of ordinary Russians being able to travel out of Russia to the rest of the world how do you think they're going to like being told they have to stay away from the west?

People are calling for Putin to be put on trial for war crimes.

As they did for Blair and Bush.
[/quote]

The difference being few in the west like Putin. IMO Putin won't go on trial simply because he'll never leave Russia again without guarantees for his safety.

Russia might very well be able to survive. It did has the USSR. Soviet citizens had little contact with the outside world. Will that be the future for Russia? Closed to the outside world again?


What you are seeing is a decoupling from the west. Not the same as you imagine.
[/quote]

The only long term commodity Russia has to offer the west is oil and gas. Some food stuffs such as grain will be a problem in the short term, probably even a crisis but these items can be replaced in a few years. In Canada and parts of the US there's lots of land available to plant more grains. The respective governments will offer incentives to plant the necessary crops. Incentives will probably be offered in other countries and more grains will be planted.

Russia's oil and gas will take longer to replace. There were plans in development to reduce the world's reliance on oil and gas in the works. Hopefully those plans can be accelerated.

What happens to Russia if the world can survive and prosper without Russian oil and gas? Oil and gas account for over 50% of Russia's foreign income. What else can Russia sell if the world doesn't need its oil and gas?
Title: Re: De-Dollarisation.
Post by: Manny on May 09, 2022, 12:17:43 PM
Again, the world is bigger than the west. You're confusing the two terms.
Title: Re: De-Dollarisation.
Post by: Markje on May 09, 2022, 12:36:14 PM
What happens to Russia if the world can survive and prosper without Russian oil and gas? Oil and gas account for over 50% of Russia's foreign income. What else can Russia sell if the world doesn't need its oil and gas?
High-precision electronics need raw materials that is sold by countries:
- Russia

Noone else? nope.
Title: Re: De-Dollarisation.
Post by: Texan77 on May 09, 2022, 11:57:07 PM

Yet we have on this very topic the fact that the world is dumping dollars at unprecedented rates.


US dollar reaches a 20 year high as demand for dollars soar.

https://www.msn.com/en-us/money/markets/dollar-20-year-high-rivian-block-sales-chinese-trade-what-s-moving-markets/ar-AAX4jNW?ocid=msedgntp&cvid=7c45cf914c624a1dbeead3d08ea57af0
Title: Re: De-Dollarisation.
Post by: WestCoast on May 10, 2022, 12:24:53 AM

Yet we have on this very topic the fact that the world is dumping dollars at unprecedented rates.


US dollar reaches a 20 year high as demand for dollars soar.

https://www.msn.com/en-us/money/markets/dollar-20-year-high-rivian-block-sales-chinese-trade-what-s-moving-markets/ar-AAX4jNW?ocid=msedgntp&cvid=7c45cf914c624a1dbeead3d08ea57af0

Texan77, who are you going to believe currency experts or Manny?
Title: Re: De-Dollarisation.
Post by: Wiz on May 10, 2022, 01:25:26 AM
Again, the world is bigger than the west. You're confusing the two terms.

I am surprised of your British patience to ignoramus!

It is well known practice of the gangster USA Nation and its criminal Government, is issuing sanctions against any nation who is challenging its Hegemony status. It is also sanctioning private persons from the competing countries because they want to steal their property.

It is  imposing its will to the second rate partners in NATO to follow its instructions and destroy their economies and also quality of life.

It is isssuing billions of its Toilet currency to finance their Lend kease deals providing Arms to a poor destroyed nation, while both the leadership of both its parties making lot's of money on this transactions keeping also its factories busy.

That is the standard practice tested and run during WWII when many American Political Families, of both parties became very rich.

 :dh:
Title: Re: De-Dollarisation.
Post by: Manny on May 12, 2022, 10:53:16 AM
This is a good video by a Singaporean economist Dr Tan Kee Wee (https://waveneyeconomics.com/#:~:text=TAN%20Kee%20Wee%20is%20the,years%20in%20the%20banking%20sector.). It goes into inflation, de-dollarisation and the geopolitical situation with the US, Russia and China. Its well researched and backed up with data and common sense. For me, he speaks a little slowly, and that makes it an hour long. But it's an hour well spent for some here who might learn much.


I just sent it to my lad too who is a first-year economics student.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 12, 2022, 06:47:40 PM
This is a good video by a Singaporean economist Dr Tan Kee Wee (https://waveneyeconomics.com/#:~:text=TAN%20Kee%20Wee%20is%20the,years%20in%20the%20banking%20sector.). It goes into inflation, de-dollarisation and the geopolitical situation with the US, Russia and China. Its well researched and backed up with data and common sense. For me, he speaks a little slowly, and that makes it an hour long. But it's an hour well spent for some here who might learn much.


I just sent it to my lad too who is a first-year economics student.
Great video!  Not many are going to want to see it here in the states because it is well reasoned and explains what the US has been up to  regarding China.   
So much rings true. 

Jonas!   
Title: Re: De-Dollarisation.
Post by: Jonas! on May 16, 2022, 08:03:09 AM

Yet we have on this very topic the fact that the world is dumping dollars at unprecedented rates.


US dollar reaches a 20 year high as demand for dollars soar.

https://www.msn.com/en-us/money/markets/dollar-20-year-high-rivian-block-sales-chinese-trade-what-s-moving-markets/ar-AAX4jNW?ocid=msedgntp&cvid=7c45cf914c624a1dbeead3d08ea57af0
Dollars still riding high in most countries at this time.  The War seems to have helped the dollar....and the Ruble, which this morning was 63-1 against the dollar. 

Jonas! 
Title: Re: De-Dollarisation.
Post by: andrewfi on May 16, 2022, 08:45:53 AM
Texan77, two things can be true simultaneously. I know, it is a surprise, eh?
Title: Re: De-Dollarisation.
Post by: Bodine on May 16, 2022, 10:31:05 AM
Texan77, two things can be true simultaneously. I know, it is a surprise, eh?

Hhhmm...this may be the rationale our fearless leader slobbering Sleepy Joe banked on when he declared our inflation and absurd energy price hike were all caused by Putin. Calling it with that moniker the 'Putin Price Hike'.
Title: Re: De-Dollarisation.
Post by: andrewfi on May 16, 2022, 11:33:45 AM
Texan77, two things can be true simultaneously. I know, it is a surprise, eh?

Hhhmm...this may be the rationale our fearless leader slobbering Sleepy Joe banked on when he declared our inflation and absurd energy price hike were all caused by Putin. Calling it with that moniker the 'Putin Price Hike'.


Nooo, I think that was a simple deflection tactic. However, real inflation is incoming. Like we ain't seen nothing yet. And, of course, it'd be hard to describe what's coming as the Russians' fault; pretty much all of it is down to the West's circular firing squad.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 19, 2022, 08:42:46 AM
I'm not sure if a lot has happened on the de-dollarisation front, but our US stock market has been suffering lately, wiping out trillions of value.  Housing seems to be teetering on the brink of a high water mark.  I've been told by a connected realtor that many of the recent sales over the past year have been from foreigners buying all cash.  That is a form of repatriation of dollars that Andrewfi discussed earlier, which is a driver of inflation, in this case inflation for homes. 

I see the ruble touched 61-1 this morning, so it seems to continue to be strengthening. 
Title: Re: De-Dollarisation.
Post by: cufflinks on May 19, 2022, 02:55:57 PM
Greg Hunter USAwatchdog.com interview with Charles Nenner of Nenner Research,  former MD and Former Goldman Saks cycles expert;  War Cycles, Economic Cycles, Business Cycles, Stock Market Cycles, Crypto Cycles and Real Estate and Gold Cycles - a REAL EYE OPENER...

https://usawatchdog.com/third-of-global-population-killed-in-next-war-cycle-charles-nenner/

Renowned geopolitical and financial cycle expert Charles Nenner says his analysis shows the world will start a huge war cycle by 2023.  This type of war is similar to WWII but much bigger.   Nenner explains, “The cycle work I do on wars starts at the Mandarin Empire 3,000 years before Jesus came into this world.  The long cycle only picks up the big wars.  Wars in Korea and Iraq do not show up.  So, I say the big War Cycle is up, and this is going to be a big war because the small ones don’t even show up.  So, I am very worried. . . . There was a Jewish prophet that once said, ‘The last war is going to take 8 minutes.’  Nobody took this serious because how can a war last 8 minutes?  Now we have an idea why a war can only take 8 minutes.  Things could calm down in the short term this summer.  Then, next year, it can start full force again, and the whole thing is very dangerous.”
Title: Re: De-Dollarisation.
Post by: Wiz on May 19, 2022, 03:37:27 PM
BREAKING NEWS

18 May 2022

GREECE. CYPRUS. TURKEY. RUSSIA. USA. UKRAINE. GERMANY.
GREAT BRITAIN.

The US stock market on Wall Street has been collapsing for a few hours now, recording big losses, which are added to those that the American indices had in the previous period.

More specifically and with information from the Bloomberg website, at 22:25 Greek time, Dow Jones is down by 1,164 points, ie losing -3.57%, S&P 500 by 161 points, ie losing -3.94% and Nasdaq by 558 points, ie -4.66%.

All this fall, as various analysts report on financial websites, is mainly due to inflation, which has gone uphill in the US and not only and does not seem to stop.

We will simply point out that, first, in this very difficult situation that the US economy is going through and which is hitting its citizens hard, the US administration, with the consent of the Republicans, is expected to approve a huge financial aid to the Ukraine, of $ 40 billion, something that has already begun to provoke debate within the US, even if it is considered to be going for a good cause.

And secondly, apart from the reason of inflation, we remember that in the past few days, Russian Foreign Minister Sergei Lavrov had stated that many investors, as well as many countries, have been alarmed by the economic sanctions imposed by the West on Russia, which include even the freezing but also the seizures of the Russian state's foreign exchange reserves, and so these investors will move away from the markets of the West, and to get rid of US dollars from their portfolios.


TITLE: The US stock market on Wall Street has been collapsing.

Below is the Youtube link just in case that it does not play.........as it did all day for me, despite I watch it late last night!  I don,t know the reason Just beore I made my post... it was playing and the reporting in Greek language is translated... for your help.

https://www.youtube.com/watch?v=utOW3CO3eqg



Title: Re: De-Dollarisation.
Post by: Jonas! on May 20, 2022, 07:27:27 AM
Ruble briefly hit 58-1 this morning while oil remains at $112 a barrel. 

I get why oil is expensive now but am curious why the Ruble continues to gain strength against the dollar.

Jonas! 
Title: Re: De-Dollarisation.
Post by: cufflinks on May 20, 2022, 10:37:40 AM
Answer is simple really the Country of Russia alone has the entire periodic table of all elements (Well maybe not much of Bob Lazar's Sport Model Gravity Amplifier Fuel Element 115 stable isotopes) but all other Periodic Table of Elements and Rare Earth Minerals in the ground between StP and Vladivostok...

The EV and Batteries/Solar Revolution and new Mini Modular Nuclear Power Reactors CAN NOT function without Russian Resources and China knows it and cannot steal Russian Resources (The Russian Army might not have effective logistics in Ukraine) however Russia giant Stockpile of 6,000 Nukes all work and China knows it as China got their nuke tech from the Rooskies and upgraded their nuke tech with Stolen USA and UK tech.

Bottom line is Russia spanning 11 time zones of giant land mass is the world's richest Natural Resources Country - Which is why China is eager to end the Ukraine war so they can get back to their trans Siberia, trans Kazakhstani trans Ukrainian and trannie-trans German and UK Belt and Roads financial phookduggery and defugalties - Russia is worth many Trillions to the CCP Chinese Freaking Communists.

Eventually Ruble goes 1 to 1 with the Euro and GBP - By then we will see George Orwell's dystopian Fed-Bux-Cryptos and no more Cash and you will have to register all of your gold, silver, guns and bullets which we will need once Charles Nenner's War Cycles estimate (Above) of 1/3 of the World's population being killed off by Nuclear War and Starvation.  I am relatively safe in New England with plenty of Fresh Air and Fresh Water and fresh and salt water fishing... 

However you UK and EUers are at Putin's targeting systems GROUND ZERO.

Ask Manny to sell you some of his Red Chinese and NoKor NBC Nuclear, Biological and Chemical protective gear as you are all going to need it - also Charles Nenner is a Cloggie so not an Mossad, MI6 or CIA stooge at all.

You Euroians are a majority of the 1/3 to Die Off - good time to import fertile Red-Hair Green Eyes and Golden Hair Blue Eyes Nordic/Teutonic/Slavic lasses before they all become radiated Euro Fries.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 20, 2022, 11:04:35 AM
Answer is simple really the Country of Russia alone has the entire periodic table of all elements (Well maybe not much of Bob Lazar's Sport Model Gravity Amplifier Fuel Element 115 stable isotopes) but all other Periodic Table of Elements and Rare Earth Minerals in the ground between StP and Vladivostok...

The EV and Batteries/Solar Revolution and new Mini Modular Nuclear Power Reactors CAN NOT function without Russian Resources and China knows it and cannot steal Russian Resources (The Russian Army might not have effective logistics in Ukraine) however Russia giant Stockpile of 6,000 Nukes all work and China knows it as China got their nuke tech from the Rooskies and upgraded their nuke tech with Stolen USA and UK tech.

Bottom line is Russia spanning 11 time zones of giant land mass is the world's richest Natural Resources Country - Which is why China is eager to end the Ukraine war so they can get back to their trans Siberia, trans Kazakhstani trans Ukrainian and trannie-trans German and UK Belt and Roads financial phookduggery and defugalties - Russia is worth many Trillions to the CCP Chinese Freaking Communists.

Eventually Ruble goes 1 to 1 with the Euro and GBP - By then we will see George Orwell's dystopian Fed-Bux-Cryptos and no more Cash and you will have to register all of your gold, silver, guns and bullets which we will need once Charles Nenner's War Cycles estimate (Above) of 1/3 of the World's population being killed off by Nuclear War and Starvation.  I am relatively safe in New England with plenty of Fresh Air and Fresh Water and fresh and salt water fishing... 

However you UK and EUers are at Putin's targeting systems GROUND ZERO.

Ask Manny to sell you some of his Red Chinese and NoKor NBC Nuclear, Biological and Chemical protective gear as you are all going to need it - also Charles Nenner is a Cloggie so not an Mossad, MI6 or CIA stooge at all.

You Euroians are a majority of the 1/3 to Die Off - good time to import fertile Red-Hair Green Eyes and Golden Hair Blue Eyes Nordic/Teutonic/Slavic lasses before they all become radiated Euro Fries.
Interesting take.  Russia has resources (And about to grab more) and they have land area. 

It would seem the system prior to this recent war wasn't too bad, especially for Ukrainians, in comparison to what the situation is now.   Sure Russia treated them as the vassal state they were, but compared to what is predictably happening now, maybe it could have been lived with.  But what is done, is done. 

Oil and Gas seem to be the key to the world and Russia will continue to have plenty of that.  China and other countries are going to continue to gobble up Russian resources, while nations such as the USA are left out in the cold, paying A LOT.  Our US economy is going down the old crapper fast now.   I wasn't a Trump fan, but maybe he would have negotiated more sensibly than Biden has.   

The stock market been in free fall which is harmful to me, but today the dollar is starting to fall too.  That will really hurt me if it were to continue.   

Jonas!   

 
Title: Re: De-Dollarisation.
Post by: andrewfi on May 20, 2022, 12:43:54 PM
Ruble briefly hit 58-1 this morning while oil remains at $112 a barrel. 

I get why oil is expensive now but am curious why the Ruble continues to gain strength against the dollar.

Jonas!

While the ruble gains are real, not fabricated or manipulated, a truth exists. The ruble is still relatively thinly traded. That means relatively small transactions or clusters of transactions can significantly move the currency.

So, purchases of oil that start out as dollars and convert to rubles before hitting the seller's account will tend to cause the ruble to rise. Of course, buyers who have claimed to eschew Russian oil are lying, and purchases continue.
Title: Re: De-Dollarisation.
Post by: WestCoast on May 20, 2022, 01:00:18 PM
Answer is simple really the Country of Russia alone has the entire periodic table of all elements (Well maybe not much of Bob Lazar's Sport Model Gravity Amplifier Fuel Element 115 stable isotopes) but all other Periodic Table of Elements and Rare Earth Minerals in the ground between StP and Vladivostok...

The EV and Batteries/Solar Revolution and new Mini Modular Nuclear Power Reactors CAN NOT function without Russian Resources and China knows it and cannot steal Russian Resources (The Russian Army might not have effective logistics in Ukraine) however Russia giant Stockpile of 6,000 Nukes all work and China knows it as China got their nuke tech from the Rooskies and upgraded their nuke tech with Stolen USA and UK tech.

Bottom line is Russia spanning 11 time zones of giant land mass is the world's richest Natural Resources Country - Which is why China is eager to end the Ukraine war so they can get back to their trans Siberia, trans Kazakhstani trans Ukrainian and trannie-trans German and UK Belt and Roads financial phookduggery and defugalties - Russia is worth many Trillions to the CCP Chinese Freaking Communists.

Eventually Ruble goes 1 to 1 with the Euro and GBP - By then we will see George Orwell's dystopian Fed-Bux-Cryptos and no more Cash and you will have to register all of your gold, silver, guns and bullets which we will need once Charles Nenner's War Cycles estimate (Above) of 1/3 of the World's population being killed off by Nuclear War and Starvation.  I am relatively safe in New England with plenty of Fresh Air and Fresh Water and fresh and salt water fishing... 

However you UK and EUers are at Putin's targeting systems GROUND ZERO.

Ask Manny to sell you some of his Red Chinese and NoKor NBC Nuclear, Biological and Chemical protective gear as you are all going to need it - also Charles Nenner is a Cloggie so not an Mossad, MI6 or CIA stooge at all.

You Euroians are a majority of the 1/3 to Die Off - good time to import fertile Red-Hair Green Eyes and Golden Hair Blue Eyes Nordic/Teutonic/Slavic lasses before they all become radiated Euro Fries.
Interesting take.  Russia has resources (And about to grab more) and they have land area. 

It would seem the system prior to this recent war wasn't too bad, especially for Ukrainians, in comparison to what the situation is now.   Sure Russia treated them as the vassal state they were, but compared to what is predictably happening now, maybe it could have been lived with.  But what is done, is done. 

Oil and Gas seem to be the key to the world and Russia will continue to have plenty of that.  China and other countries are going to continue to gobble up Russian resources, while nations such as the USA are left out in the cold, paying A LOT.  Our US economy is going down the old crapper fast now.   I wasn't a Trump fan, but maybe he would have negotiated more sensibly than Biden has.   

The stock market been in free fall which is harmful to me, but today the dollar is starting to fall too.  That will really hurt me if it were to continue.   

Jonas!

As Cuffy says Russia has lots of minerals and of course lots of oil and gas. Ukraine has lots of oil and gas. Ukraine is also the bread basket of Europe as we're seeing the Russian military stealing thousands of tons of grain that are then shipped abroad to be sold to fund Putin's war.

These are the reasons for Russia to invade and conquer Ukraine not the nonsense about deNazifying Ukraine. If Putin controls more oil and gas he controls more of Europe and the world. At least that's what he thought when he invaded Ukraine. The reality is Putin just might have pushed forward the move away from fossil fuels and towards renewable energy.

https://www.trade.gov/energy-resource-guide-ukraine-oil-and-gas
Title: Re: De-Dollarisation.
Post by: Jerash on May 20, 2022, 05:46:15 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.
Title: Re: De-Dollarisation.
Post by: Lon on May 20, 2022, 05:56:35 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

you have been put in your place Westcoast!  you need to quit posting here, you are stupid    :ROFL:
Title: Re: De-Dollarisation.
Post by: WestCoast on May 20, 2022, 06:58:06 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

Jonas you're going to have to give me a few more details. I've posted a lot. You'll have to quote the post or give me the post #.   
Title: De-Dollarisation. Jerash
Post by: Lon on May 20, 2022, 07:00:08 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

Jonas you're going to have to give me a few more details. I've posted a lot. You'll have to quote the post or give me the post #.

Jerash, Westcoast.  Jerash said that
Title: Re: De-Dollarisation. Jerash
Post by: WestCoast on May 20, 2022, 07:16:38 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

Jonas you're going to have to give me a few more details. I've posted a lot. You'll have to quote the post or give me the post #.

Jerash, Westcoast.  Jerash said that

My apologies to Jonas. There is a Jonas here, right?
Title: De-Dollarisation. Jonah
Post by: Lon on May 20, 2022, 07:18:44 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

Jonas you're going to have to give me a few more details. I've posted a lot. You'll have to quote the post or give me the post #.

Jerash, Westcoast.  Jerash said that

My apologies to Jonas. There is a Jonas here, right?

yes, supposedly the former fathertime
Title: Re: De-Dollarisation.
Post by: AvHdB on May 20, 2022, 07:22:25 PM
While everyone can make a mistake, quoting is fairly simple, I am dysgraphic and dyslexic but can manage it. Read your post before you post and reread what everyone sees. This is not rocket science but simple courtesy.
Title: Re: De-Dollarisation.
Post by: WestCoast on May 20, 2022, 07:36:27 PM
While everyone can make a mistake, quoting is fairly simple, I am dysgraphic and dyslexic but can manage it. Read your post before you post and reread what everyone sees. This is not rocket science but simple courtesy.

I'm bouncing back and forth between 2 different computer screens and trying to eat dinner at the same time so I'm bound to make a mistake.
Title: Re: De-Dollarisation.
Post by: Jonas! on May 20, 2022, 08:54:03 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

Jonas you're going to have to give me a few more details. I've posted a lot. You'll have to quote the post or give me the post #.

Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

Jonas you're going to have to give me a few more details. I've posted a lot. You'll have to quote the post or give me the post #.

Jerash, Westcoast.  Jerash said that

My apologies to Jonas. There is a Jonas here, right?

Oh Hi!  No worries

(https://cdn.quotesgram.com/small/55/97/1476719023-fred-sanford-meme-generator-you-big-dummy-9a1a59.jpg)

It's me Jonas! 
Title: Re: De-Dollarisation. Jonah
Post by: Jonas! on May 20, 2022, 08:56:13 PM
Westcoast, your comment is so stupid, it's beyond stupidity.  It's not even possible to comment on.  You better really check into this Nazi thing youre flapping on about because you are starting to look like the Nazi here.

Jonas you're going to have to give me a few more details. I've posted a lot. You'll have to quote the post or give me the post #.

Jerash, Westcoast.  Jerash said that

My apologies to Jonas. There is a Jonas here, right?

yes, supposedly the former fathertime

The site owner lost his marbles or something and banned me for having 'the wrong opinions'....so Fathertime! has been killed off unjustly. 
Title: Re: De-Dollarisation.
Post by: Jonas! on May 20, 2022, 09:00:02 PM
These are the reasons for Russia to invade and conquer Ukraine not the nonsense about deNazifying Ukraine. If Putin controls more oil and gas he controls more of Europe and the world. At least that's what he thought when he invaded Ukraine. The reality is Putin just might have pushed forward the move away from fossil fuels and towards renewable energy.
 
Yes, I think Russia could have lived with a neutral to lean Russian Ukraine, but not a westernized Ukraine. It seemed pretty obvious this sort of thing would be the result. 

I think their oil gas will be in demand for many many more years.   It would be great if the world was able to function on renewable energy someday....but I suspect it will be sometime after my lifetime.

Jonas! 
Title: Re: De-Dollarisation.
Post by: cufflinks on June 20, 2022, 11:20:01 AM
A sobering assessment of Ukraines status VS the Russian war:

https://www.zerohedge.com/geopolitical/when-lies-come-home
###

Title: Re: De-Dollarisation.
Post by: Texan77 on July 06, 2022, 10:27:24 PM

Yes, I think Russia could have lived with a neutral to lean Russian Ukraine, but not a westernized Ukraine. It seemed pretty obvious this sort of thing would be the result. 

I think their oil gas will be in demand for many many more years.   It would be great if the world was able to function on renewable energy someday....but I suspect it will be sometime after my lifetime.

Jonas!

Russia does not want a neutral Ukraine they want control of the country. They made that clear before the war.  A neutral Ukraine was offered to them. Turned down. It not only has to be neutral it cannot have any weapons. They wanted Ukraine broke up in a way that would give Russia veto power over any government policy. When Biden ask what could be done to avoid the war Putin said that he would have to have DeFacto control of the country.

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

https://www.msn.com/en-us/money/markets/the-once-unthinkable-is-now-in-sight-for-battered-british-pound/ar-AAZgox0?ocid=msedgntp&cvid=58d6f04236c947ca8e77516581143c80
Title: Re: De-Dollarisation.
Post by: Manny on July 07, 2022, 06:02:55 AM
Russia does not want a neutral Ukraine they want control of the country. They made that clear before the war.  A neutral Ukraine was offered to them.

That isnt true.
Title: Re: De-Dollarisation.
Post by: Wiz on July 07, 2022, 07:29:30 AM

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

As usual you talk rubbish... Check up to the moment live rates.... of currency exchanges.

https://www.exchangerates.org.uk/currency/currency-exchange-rates-table.html

 :fighting0025:
Title: Re: De-Dollarisation.
Post by: WestCoast on July 07, 2022, 11:14:32 AM

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

As usual you talk rubbish... Check up to the moment live rates.... of currency exchanges.

https://www.exchangerates.org.uk/currency/currency-exchange-rates-table.html

 :fighting0025:

As usual Wiz you don't understand what you're talking about. Take a look at the chart. The UK pound is crashing vs the USD.

https://www.xe.com/currencyconverter/convert/?Amount=100&From=GBP&To=USD
Title: Re: De-Dollarisation.
Post by: AvHdB on July 07, 2022, 11:19:37 AM

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

As usual you talk rubbish... Check up to the moment live rates.... of currency exchanges.

https://www.exchangerates.org.uk/currency/currency-exchange-rates-table.html

 :fighting0025:

As usual Wiz you don't understand what you're talking about. Take a look at the chart. The UK pound is crashing vs the USD.

https://www.xe.com/currencyconverter/convert/?Amount=100&From=GBP&To=USD

Is this so difficult to understand?

If one currency rises in value another falls.
Title: Re: De-Dollarisation.
Post by: Wiz on July 07, 2022, 01:41:21 PM

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

As usual you talk rubbish... Check up to the moment live rates.... of currency exchanges.

https://www.exchangerates.org.uk/currency/currency-exchange-rates-table.html

 :fighting0025:

As usual Wiz you don't understand what you're talking about. Take a look at the chart. The UK pound is crashing vs the USD.

https://www.xe.com/currencyconverter/convert/?Amount=100&From=GBP&To=USD

It is pretty obvious that you know one orange treee, the XE company while, I was in business knew several companies......At the moment and the past few months the trading contitions...are not normal and are affected by the sale of the fake USA Dollar by the Biden clan,  which has no real value.....by sending arms etc to Ukraine.

Have you ever made any comparisons with the Ruble? 

For more info ask Manny and Andrew....they are dealing with foreign currency.

When I was running my Holiday company NEVER lost any money......when exchanging or investing UK Pounds...

Today just of little political trouble in UK and you found the time to check the value of $ dollar

I suggest you check the exhange rate tommorrow at around 16.00 GMT Time..... when they will be closing their books, according to the market rules.

As usual you talk rubbish.... instead of taking 1 day price you should read the weekly trent!

 :coffeeread:
Title: Re: De-Dollarisation.
Post by: AvHdB on July 07, 2022, 02:00:29 PM
Wiz I am amazed you are so stupid or dishonest.

You sold tours to Greece in £ pounds your bank at the time guaranteed a payment in drachma. Your friendly banker, for a fee, provided a guarantee.
Title: Re: De-Dollarisation.
Post by: Wiz on July 07, 2022, 02:09:57 PM
Wiz I am amazed you are so stupid or dishonest.

You sold tours to Greece in £ pounds your bank at the time guaranteed a payment in drachma. Your friendly banker, for a fee, provided a guarantee.

The only dishonet people are the people of your tribe...The Zionists who rob everybody.....and have as your God the MAMONA!

Now misserable gid..... go and fcuk your self and do not bother answering to my posts........ You had too many chances to be civilised but you cannot change and your nasty character is the reason that you live alone... hiding in USA ....
No sensible woman will come near you! :sick0012: :fighting0025:
Title: Re: De-Dollarisation.
Post by: AvHdB on July 07, 2022, 02:12:52 PM
Wiz I am amazed you are so stupid or dishonest.

You sold tours to Greece in £ pounds your bank at the time guaranteed a payment in drachma. Your friendly banker, for a fee, provided a guarantee.

The only dishonet people are the people of your tribe...The Zionists who rob everybody.....and have as your God the MAMONA!

Now misserable gid..... go and fcuk your self and do not bother answering to my posts........ You had too many chances to be civilised but you cannot change.

Most be a bad tooth ache.
Title: Re: De-Dollarisation.
Post by: WestCoast on July 07, 2022, 02:38:00 PM

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

As usual you talk rubbish... Check up to the moment live rates.... of currency exchanges.

https://www.exchangerates.org.uk/currency/currency-exchange-rates-table.html

 :fighting0025:

As usual Wiz you don't understand what you're talking about. Take a look at the chart. The UK pound is crashing vs the USD.

Wiz didn't you say you have a son doing economics at university? Ask him to explain it to you.

https://www.xe.com/currencyconverter/convert/?Amount=100&From=GBP&To=USD

It is pretty obvious that you know one orange treee, the XE company while, I was in business knew several companies......At the moment and the past few months the trading contitions...are not normal and are affected by the sale of the fake USA Dollar by the Biden clan,  which has no real value.....by sending arms etc to Ukraine.

Have you ever made any comparisons with the Ruble? 

For more info ask Manny and Andrew....they are dealing with foreign currency.

When I was running my Holiday company NEVER lost any money......when exchanging or investing UK Pounds...

Today just of little political trouble in UK and you found the time to check the value of $ dollar

I suggest you check the exhange rate tommorrow at around 16.00 GMT Time..... when they will be closing their books, according to the market rules.

As usual you talk rubbish.... instead of taking 1 day price you should read the weekly trent!

 :coffeeread:

Please Andy and Manny teach me about the exchange rate between the UK pound and USD.


Wiz xe.com uses the mid-market rate for exchange rate conversions. Here's the definition:

The mid-market rate (sometimes called the interbank or middle rate) is the midpoint between the buy and sell prices of any two currencies at any time. And as the buy and sell rates are based on the constantly changing demand for and supply of a currency, the mid-market rate is constantly changing too.

https://www.clearcurrency.co.uk/stories/whats-the-mid-market-rate

Title: Re: De-Dollarisation.
Post by: Jonas! on July 07, 2022, 09:20:54 PM
v
Russia does not want a neutral Ukraine they want control of the country. They made that clear before the war.  A neutral Ukraine was offered to them. Turned down. It not only has to be neutral it cannot have any weapons. They wanted Ukraine broke up in a way that would give Russia veto power over any government policy. When Biden ask what could be done to avoid the war Putin said that he would have to have DeFacto control of the country.

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

https://www.msn.com/en-us/money/markets/the-once-unthinkable-is-now-in-sight-for-battered-british-pound/ar-AAZgox0?ocid=msedgntp&cvid=58d6f04236c947ca8e77516581143c80

I really don't think so.  Russia didn't want Ukraine to fall in line with the West, and I can see why.

On another note, the dollar seems to be very strong lately against many other currencies.  Here is what I've learned.  My wife is currently in Colombia for part of the summer.   The dollar is hitting historic highs against the Colombian Peso.   According to what she is seeing, the issue is the prices in Colombia are rising almost as fast as the dollar which nullifies a lot of it's gains.  The people who are really hurt though are the local Colombian's whose paychecks come in pesos are the ones getting squeezed as essential prices soar.   
I'm pretty sure this is happening in many other countries. 

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on July 07, 2022, 09:55:20 PM
v
Russia does not want a neutral Ukraine they want control of the country. They made that clear before the war.  A neutral Ukraine was offered to them. Turned down. It not only has to be neutral it cannot have any weapons. They wanted Ukraine broke up in a way that would give Russia veto power over any government policy. When Biden ask what could be done to avoid the war Putin said that he would have to have DeFacto control of the country.

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

https://www.msn.com/en-us/money/markets/the-once-unthinkable-is-now-in-sight-for-battered-british-pound/ar-AAZgox0?ocid=msedgntp&cvid=58d6f04236c947ca8e77516581143c80

I really don't think so.  Russia didn't want Ukraine to fall in line with the West, and I can see why.

Jonas!

Shouldn't Russia have fallen in line with the EU, US, Canada, etc? After all these countries combined have far larger GDPs and militaries than Russia?

If Russia had fallen in line with EU, US, Canada, etc Russia would have benefited economically and gradually over time became far less corrupt and a more civilized country. 
Title: Re: De-Dollarisation.
Post by: Jonas! on July 07, 2022, 10:41:32 PM
v
Russia does not want a neutral Ukraine they want control of the country. They made that clear before the war.  A neutral Ukraine was offered to them. Turned down. It not only has to be neutral it cannot have any weapons. They wanted Ukraine broke up in a way that would give Russia veto power over any government policy. When Biden ask what could be done to avoid the war Putin said that he would have to have DeFacto control of the country.

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

https://www.msn.com/en-us/money/markets/the-once-unthinkable-is-now-in-sight-for-battered-british-pound/ar-AAZgox0?ocid=msedgntp&cvid=58d6f04236c947ca8e77516581143c80

I really don't think so.  Russia didn't want Ukraine to fall in line with the West, and I can see why.

Jonas!

Shouldn't Russia have fallen in line with the EU, US, Canada, etc? After all these countries combined have far larger GDPs and militaries than Russia?

If Russia had fallen in line with EU, US, Canada, etc Russia would have benefited economically and gradually over time became far less corrupt and a more civilized country.
No.   
Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on July 07, 2022, 11:32:03 PM
v
Russia does not want a neutral Ukraine they want control of the country. They made that clear before the war.  A neutral Ukraine was offered to them. Turned down. It not only has to be neutral it cannot have any weapons. They wanted Ukraine broke up in a way that would give Russia veto power over any government policy. When Biden ask what could be done to avoid the war Putin said that he would have to have DeFacto control of the country.

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

https://www.msn.com/en-us/money/markets/the-once-unthinkable-is-now-in-sight-for-battered-british-pound/ar-AAZgox0?ocid=msedgntp&cvid=58d6f04236c947ca8e77516581143c80

I really don't think so.  Russia didn't want Ukraine to fall in line with the West, and I can see why.

Jonas!

Shouldn't Russia have fallen in line with the EU, US, Canada, etc? After all these countries combined have far larger GDPs and militaries than Russia?

If Russia had fallen in line with EU, US, Canada, etc Russia would have benefited economically and gradually over time became far less corrupt and a more civilized country.
No.   
Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

IMO I say Russia should have fallen in line with the EU, US et al. This would have meant as a member of the EU they would have had the most members in the European Parliament. A country receives a MEP for each million of population. Russia with the largest population by far in Europe would have dominated the European Parliament in sheer numbers of MEP.

With all the EU money for infrastructure and being forced to improve their judiciary police military etc Russia would have probably not had the amount of corruption it had and would not have had all the billions stolen by Putin and the oligarchs.   
Title: Re: De-Dollarisation.
Post by: Wiz on July 08, 2022, 06:28:02 AM
v
Russia does not want a neutral Ukraine they want control of the country. They made that clear before the war.  A neutral Ukraine was offered to them. Turned down. It not only has to be neutral it cannot have any weapons. They wanted Ukraine broke up in a way that would give Russia veto power over any government policy. When Biden ask what could be done to avoid the war Putin said that he would have to have DeFacto control of the country.

British pound in trouble? currently testing a LOW IT HAS BOUNCED OFF OF TWICE.   Will it break lower and create new lows against the dollar?  Some think this is trend that will continue. All, you Brits want to talk about the USA problems.

https://www.msn.com/en-us/money/markets/the-once-unthinkable-is-now-in-sight-for-battered-british-pound/ar-AAZgox0?ocid=msedgntp&cvid=58d6f04236c947ca8e77516581143c80

I really don't think so.  Russia didn't want Ukraine to fall in line with the West, and I can see why.

Jonas!

Shouldn't Russia have fallen in line with the EU, US, Canada, etc? After all these countries combined have far larger GDPs and militaries than Russia?

If Russia had fallen in line with EU, US, Canada, etc Russia would have benefited economically and gradually over time became far less corrupt and a more civilized country.
No.   
Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

I think soon your will become unpopular like me by..... telling the American's the truth!

Starting with Russia, now we know that the country is self sufficient and does not have to import vital food or other products!

On the other hand they have too much Energy products to sell to anybody who has the money to pay...... but does not accept dollars anymore. It does not have the need to accept dollars….but gets paid, from everybody for its energy supplies in any other currency, mostly Euro, Chinese Wuan…Indian Ruppies .etc.

USA on the other hand does not have Energy products to export and only use Ukraine to export Arms etc, plus Mercenaries who every month die with the Ukrainians at around 600 a month, according to Yelenski admission.

Today I heard that Exxon (not sure the company name) had a problem in a little island where they liquefy GAS to LNG for export to EUROPE so no more exports and USA hardly exports other products……mostly made in China…….

Don’t know how long time this was happening but  Russia realised that their currency was getting very expensive  $=54 Rubbles...... and Putin with Elvira Nabuliena Bank of Russia  made arrangements and changed the Maximum Amounts of Transactions permitted to increase from 150.OOO Euro to 1 million euro per transaction thus slowly start reducing the value of the Rubble .

In the case of the Russian operation in Ukraine Russia has plenty oftime in its hand to play slo the game of taking over South Ukraine etc.......

Yelenski know now that he cannot rely to his British friend anymore.....as he is on the way out looking to find a house to live.......
Title: Re: De-Dollarisation.
Post by: AJ on July 08, 2022, 08:47:19 AM
 :::::yawn::::exchange rates today vs 5 years ago today
U.S dollar to :
Russian ruble
Chinese yuan (internal and offshore)
Swiss franc
Pound

All within a tenth or so  of a percentage  point across the board.

Make it more complex,  but its
Fundamentally stable in the world market
The sky isn't falling on the u.s war dollar ;) or any of those currencies.

The euro , yen ,and indian rupee the only significant ones trending slightly  negative over 5 years.

 :popcorn:
Title: Re: De-Dollarisation.
Post by: Wiz on July 08, 2022, 09:54:46 AM
:::::yawn::::exchange rates today vs 5 years ago today
U.S dollar to :
Russian ruble
Chinese yuan (internal and offshore)
Swiss franc
Pound

All within a tenth or so  of a percentage  point across the board.

Make it more complex,  but its
Fundamentally stable in the world market
The sky isn't falling on the u.s war dollar ;) or any of those currencies.

The euro , yen ,and indian rupee the only significant ones trending slightly  negative over 5 years.

 :popcorn:

I have not heard from you lately and I thought you went to Kherson to apply for a Russian Nationality!..

Nice to see you are still around! ........... what a difference the old school......

The White House Needs To End Its Embarrassing, Petulant War On U.S. Oil (https://quoththeraven.substack.com/p/the-white-house-needs-to-end-its?token=eyJ1c2VyX2lkIjo3NDQxNjYxNiwicG9zdF9pZCI6NjA3Mjk5NzksImlhdCI6MTY1NjMyODEzOSwiaXNzIjoicHViLTQxMTU0NiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.jvBnf1a7aWBqyZ7oBEu9bIOKqjJCA47PPJzTiMpQcKU&utm_source=substack&utm_medium=email)



:thumbsup: tiphat
Title: Re: De-Dollarisation.
Post by: Texan77 on July 08, 2022, 10:41:47 AM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.
Title: Re: De-Dollarisation.
Post by: Wiz on July 08, 2022, 12:00:49 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.

I never thought you are so Ancient  to remember the Nazi Germany who never invaded the USA or probably you were living in a European Country so you have personal experrience.....?  :ROFL:

Just before you make any comments.... I was not born during the WWII years...
I was born just After Greece was liberated from the Germans.....so my father had a party with my mother, celebrating his freadom out of prison.... and here I am... :party0011:  :party0031:
Title: Re: De-Dollarisation.
Post by: Texan77 on July 08, 2022, 03:01:21 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.

I never thought you are so Ancient  to remember the Nazi Germany who never invaded the USA or probably you were living in a European Country so you have personal

What happened to Germany is called culmination. This is a very studied condition of war. This is where a country carries out an attack at a rate beyond what they can maintain. Russia cannot produce ammunition and missiles at the rate they are using them. They have a large storage but some of the unexploded shells are now often from the 1960s.  The maintenance on the weapons, tanks, artillery, is likely reaching a point that the break downs will occurs at an increasing rate. Putin is saying he needs a pause to give his troops a rest. I bet he is not concern about the troops. Over the last month he did gain ground but very little. Culmination usually occurs over time where the first sign is the attack slows down and gains are small. Russia had to limit their offensive to a very small area of Ukraine. Going forward in about in about thirty days a much larger number of weapons from the land lease will start to arrive while Russia's effectiveness on the battlefield because of supplies and maintenance will decline. Ukraine is claiming to have destroyed 21 ammunition depos because they were now in range of their new longer-range artillery and rockets. So, in future Russia will have to keep ammunition depos further away from the front lines which is another loss of efficiency. First, we sent drones now Russia has made use of electronic warfare reducing the effectiveness of those weapons. The new weapons will not be detoured by electronic war fare weapons. We will see a new phase of the war beginning in the middle of next month. On the Russian side they seem to be wanting to get Belarus to join giving more material and more badly needed solders.   
Title: Re: De-Dollarisation.
Post by: AvHdB on July 08, 2022, 03:46:24 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.

I never thought you are so Ancient  to remember the Nazi Germany who never invaded the USA or probably you were living in a European Country so you have personal

What happened to Germany is called culmination. This is a very studied condition of war. This is where a country carries out an attack at a rate beyond what they can maintain. Russia cannot produce ammunition and missiles at the rate they are using them. They have a large storage but some of the unexploded shells are now often from the 1960s.  The maintenance on the weapons, tanks, artillery, is likely reaching a point that the break downs will occurs at an increasing rate. Putin is saying he needs a pause to give his troops a rest. I bet he is not concern about the troops. Over the last month he did gain ground but very little. Culmination usually occurs over time where the first sign is the attack slows down and gains are small. Russia had to limit their offensive to a very small area of Ukraine. Going forward in about in about thirty days a much larger number of weapons from the land lease will start to arrive while Russia's effectiveness on the battlefield because of supplies and maintenance will decline. Ukraine is claiming to have destroyed 21 ammunition depos because they were now in range of their new longer-range artillery and rockets. So, in future Russia will have to keep ammunition depos further away from the front lines which is another loss of efficiency. First, we sent drones now Russia has made use of electronic warfare reducing the effectiveness of those weapons. The new weapons will not be detoured by electronic war fare weapons. We will see a new phase of the war beginning in the middle of next month.the Russian side they seem to be wanting to get Belarus to join giving more material and more badly needed solders.

While I am not army, I believe Texan is for the most part correct, it is called material math. Russia has paused its efforts to regoup, where as the Ukraine has continued to pound Russian fronts. I suspect Russia can see the handwriting on the wall.

Everyone is looking for an exit but someone has to do the first curtsy.
Title: Re: De-Dollarisation.
Post by: Jonas! on July 08, 2022, 04:32:37 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.
I don't think the comparison is a good one.  From the Russian perspective, they have just cause and it has been the US and NATO that are behaving aggressively.  Looking at it globally, they aren't wrong.

Jonas! 
Title: Re: De-Dollarisation.
Post by: Jonas! on July 08, 2022, 04:36:50 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.

I never thought you are so Ancient  to remember the Nazi Germany who never invaded the USA or probably you were living in a European Country so you have personal

What happened to Germany is called culmination. This is a very studied condition of war. This is where a country carries out an attack at a rate beyond what they can maintain. Russia cannot produce ammunition and missiles at the rate they are using them. They have a large storage but some of the unexploded shells are now often from the 1960s.  The maintenance on the weapons, tanks, artillery, is likely reaching a point that the break downs will occurs at an increasing rate. Putin is saying he needs a pause to give his troops a rest. I bet he is not concern about the troops. Over the last month he did gain ground but very little. Culmination usually occurs over time where the first sign is the attack slows down and gains are small. Russia had to limit their offensive to a very small area of Ukraine. Going forward in about in about thirty days a much larger number of weapons from the land lease will start to arrive while Russia's effectiveness on the battlefield because of supplies and maintenance will decline. Ukraine is claiming to have destroyed 21 ammunition depos because they were now in range of their new longer-range artillery and rockets. So, in future Russia will have to keep ammunition depos further away from the front lines which is another loss of efficiency. First, we sent drones now Russia has made use of electronic warfare reducing the effectiveness of those weapons. The new weapons will not be detoured by electronic war fare weapons. We will see a new phase of the war beginning in the middle of next month. On the Russian side they seem to be wanting to get Belarus to join giving more material and more badly needed solders.
Somewhere I read that Russia was using 50,000 shells a day.  I was surprised it would be that many.   I don't know how many a day they can manufacture but I would think it is less than 50k. 



While I am not army, I believe Texan is for the most part correct, it is called material math. Russia has paused its efforts to regoup, where as the Ukraine has continued to pound Russian fronts. I suspect Russia can see the handwriting on the wall.

Everyone is looking for an exit but someone has to do the first curtsy.

Putin states Russia hasn't barely begun.   That could mean a few things, it seems to be that Ukraine is going to find out.   

Jonas! 

Title: Re: De-Dollarisation.
Post by: WestCoast on July 08, 2022, 05:12:30 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.
I don't think the comparison is a good one.  From the Russian perspective, they have just cause and it has been the US and NATO that are behaving aggressively.  Looking at it globally, they aren't wrong.

Jonas!

Jonas did you not study WW2 in school/university? Hitler thought he had great causes for invading countries in Europe.

1. Pay reparations for WW1 Treaty of Versailles
2. Germany's navy was capped at unreasonably small ships
3. Lebensraum living space
4. Appeasement didn't work
5  Nazi BS

All in all there seems to have been a lot of BS from Hitler for invading countries in Europe. IOW Putin is putting out similar and sometimes different BS to invade Ukraine. Lots of BS about Nazis in Ukraine. The US and EU tried to appease Putin after he seized Crimea and the Donbas.

Putin felt closed in because all the countries in central EU liked and moved to the EU and NATO and few like Russia. Putin don't like the sanctions even though he said they didn't matter.

It's also likely that Putin won't stop with Ukraine just like Hitler didn't stop with invading one country. It's just that in Putin's case his military has been so corrupt and incompetent there was no quick win in Ukraine. If Putin had gotten a quick win in Ukraine he'd likely be finishing up invading and conquering Moldova. Maybe even moved on to Georgia or the stans?   
Title: Re: De-Dollarisation.
Post by: Jonas! on July 08, 2022, 06:43:36 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.
I don't think the comparison is a good one.  From the Russian perspective, they have just cause and it has been the US and NATO that are behaving aggressively.  Looking at it globally, they aren't wrong.

Jonas!

Jonas did you not study WW2 in school/university? Hitler thought he had great causes for invading countries in Europe.

1. Pay reparations for WW1 Treaty of Versailles
2. Germany's navy was capped at unreasonably small ships
3. Lebensraum living space
4. Appeasement didn't work
5  Nazi BS

All in all there seems to have been a lot of BS from Hitler for invading countries in Europe. IOW Putin is putting out similar and sometimes different BS to invade Ukraine. Lots of BS about Nazis in Ukraine. The US and EU tried to appease Putin after he seized Crimea and the Donbas.

Putin felt closed in because all the countries in central EU liked and moved to the EU and NATO and few like Russia. Putin don't like the sanctions even though he said they didn't matter.

It's also likely that Putin won't stop with Ukraine just like Hitler didn't stop with invading one country. It's just that in Putin's case his military has been so corrupt and incompetent there was no quick win in Ukraine. If Putin had gotten a quick win in Ukraine he'd likely be finishing up invading and conquering Moldova. Maybe even moved on to Georgia or the stans?
Perhaps you should brush up on your comparisons.   

What you wrote about German Nazi's is very different than what is happening in Russia/Ukraine.     

All this talk about conquering this land, and that land wasn't really on the radar and appears to be more scare mongering.  Russia will have a likely permanent insurgency to contend with, but from the Russian view perhaps even that is better than permitting Ukraine to shift west and wind up working against Russian interests at a country level. 

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on July 08, 2022, 07:13:00 PM

Russia is not in a position where they need to fall in line with anyone.   Ukraine is though.

Jonas!

Yea just like NAZI Germany in 1942.
I don't think the comparison is a good one.  From the Russian perspective, they have just cause and it has been the US and NATO that are behaving aggressively.  Looking at it globally, they aren't wrong.

Jonas!

Jonas did you not study WW2 in school/university? Hitler thought he had great causes for invading countries in Europe.

1. Pay reparations for WW1 Treaty of Versailles
2. Germany's navy was capped at unreasonably small ships
3. Lebensraum living space
4. Appeasement didn't work
5  Nazi BS

All in all there seems to have been a lot of BS from Hitler for invading countries in Europe. IOW Putin is putting out similar and sometimes different BS to invade Ukraine. Lots of BS about Nazis in Ukraine. The US and EU tried to appease Putin after he seized Crimea and the Donbas.

Putin felt closed in because all the countries in central EU liked and moved to the EU and NATO and few like Russia. Putin don't like the sanctions even though he said they didn't matter.

It's also likely that Putin won't stop with Ukraine just like Hitler didn't stop with invading one country. It's just that in Putin's case his military has been so corrupt and incompetent there was no quick win in Ukraine. If Putin had gotten a quick win in Ukraine he'd likely be finishing up invading and conquering Moldova. Maybe even moved on to Georgia or the stans?
Perhaps you should brush up on your comparisons.   

What you wrote about German Nazi's is very different than what is happening in Russia/Ukraine.     

All this talk about conquering this land, and that land wasn't really on the radar and appears to be more scare mongering.  Russia will have a likely permanent insurgency to contend with, but from the Russian view perhaps even that is better than permitting Ukraine to shift west and wind up working against Russian interests at a country level. 

Jonas!

As I said some things Hitler said for his war were similar to Putin's reasons others were different. Hitler had his Nazi BS about superiority and such. Putin has his BS about Nazis in Ukraine and Ukraine is not a real country.

Appeasement didn't work with the Nazis nor with Putin.

Lebensraum. Nazis wanted more land for their people. Putin wants Ukraine for its resources and maybe for its historic relationship to Russia.

I'm sure with a little more digging I could find more.

Either way IMO, Putin's just as big a Nazi as Hitler.
 
Title: Re: De-Dollarisation.
Post by: Jonas! on July 10, 2022, 08:20:06 AM
 

I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   


Jonas!
Title: Re: De-Dollarisation.
Post by: AvHdB on July 10, 2022, 09:08:10 AM

I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   

Jonas!

I concur.

In many respects V. Putin is closer to J. Stalin and R. Mugabe.
Title: Re: De-Dollarisation.
Post by: WestCoast on July 10, 2022, 11:40:02 AM


I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   


Jonas!

We use the Hitler comparison because everyone knows who he was and what he did.  Many people would not know who Joseph Stalin and Robert Mugabe were or the extent of their crimes.
Title: Re: De-Dollarisation.
Post by: Markje on July 10, 2022, 01:21:41 PM


I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   


Jonas!

We use the Hitler comparison because everyone knows who he was and what he did.  Many people would not know who Joseph Stalin and Robert Mugabe were or the extent of their crimes.

Doesn't really matter. Putin is most certainly not Mugabe. Jury here is still out on the Stalin comparison.

Stalin overall did not care one bit about his troops, as long as the battle was won. He also was comfortable delegating stuff to his subordinates when they did not disappoint them (unlike hitler, if he had listened to his generals the war would be far longer and costlier for the Allies).
Title: Re: De-Dollarisation.
Post by: cufflinks on July 10, 2022, 01:29:03 PM
BOT ... Dollar is quite strong currently and Gold and Silver the traditional safe havens especially compared to stocks, bonds and cryptos, have dropped rather dramatically.  Keeping my powder dry till all asset classes bottom...  Been investing in Concealed Carry 2A sidearms and long range target rifles with scopes if the SHTF and need to hunt for meats, fowl birds and deer etc... not to proud to eat hillbilly varmints and small game as well if it gets bad enough.

 2:15 PM PDT gold price for July 08, 2022:
Gold $1743.12/oz

2:15 PM PDT silver price for July 08, 2022:
Silver $19.34/oz

Courtesy: Zerohedge.com, Bloomberg

Think about what's really happening here. For the first time since central banks changed the rules of the game in 2008 by becoming major buyers of bonds and mortgages and deliberately lowering interest rates to artificially-low ZIRP and NIRP policies, we have no central banker in the world that is dovish.

Inflation is out of the bag, and Wall Street understands that it would be politically impossible to be dovish in today's world.

Therefore, the dollar's strength projects the notion that we are moving from hyperinflation (in American standards) to disinflation.

The money supply will contract, less mortgages will be originated, and less corporate debt will be issued.

Gold is falling because the dollar is becoming scarcer.

We believe this process will end within 90-120 days, with gold puking one final time before forming its bottom.

LOL "Gold Puking" is a new technical analysis term to me!
Title: Re: De-Dollarisation.
Post by: Jonas! on July 10, 2022, 01:35:35 PM


I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   


Jonas!

We use the Hitler comparison because everyone knows who he was and what he did.  Many people would not know who Joseph Stalin and Robert Mugabe were or the extent of their crimes.

Harkening back to  "Hitler" or 'Stalin' doesn't actually address a specific issue in 2022.   
I don't believe Putin was looking to 'conquer the world' in any way....but Ukraine wasn't going to go into Western orbit without a serious fight.   

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on July 10, 2022, 03:35:28 PM


I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   


Jonas!

We use the Hitler comparison because everyone knows who he was and what he did.  Many people would not know who Joseph Stalin and Robert Mugabe were or the extent of their crimes.

Harkening back to  "Hitler" or 'Stalin' doesn't actually address a specific issue in 2022.   
I don't believe Putin was looking to 'conquer the world' in any way....but Ukraine wasn't going to go into Western orbit without a serious fight.   

Jonas!

I agree I doubt even Putin would be dumb enough to think he could conquer the world. Of course I also doubt Hitler thought he could conquer the world and have a 1K year Reich. This was simply Nazi propaganda.

OTOH Putin probably believed before his disastrous war in Ukraine he could have stymied and even prevented the expansion of the EU and NATO on his borders.

If conquering Ukraine had been the catwalk Putin believed it to be, IMO he could have then moved on to take Moldova. If Ukraine had been a catwalk, Moldova with its limited military would have been even easier to conquer. While finishing conquering Ukraine, Putin could have been moving troops and supplies into Transnistria ready to take Moldova. The ethnic Russians in Transnistria would be happy to be part of Russia and would have flocked to join  the Russian military

After taking Moldova IMO Putin would have moved on to the country of Georgia. The 2008 Russo-Georgian War left Russia with two self proclaimed republics of South Ossetia and Abkhazia that want to be part of Russia. If Putin conquered Georgia and folded it into Russia Putin would be a hero in Russia.

Putin would also have regained territory lose when the USSR collapsed and even more important he would have prevented the three countries from joining the EU and NATO. Plus he would have shown the world Russia is a super power. All major wins for Putin.
Title: Re: De-Dollarisation.
Post by: Jonas! on July 10, 2022, 04:14:06 PM


I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   


Jonas!

We use the Hitler comparison because everyone knows who he was and what he did.  Many people would not know who Joseph Stalin and Robert Mugabe were or the extent of their crimes.

Harkening back to  "Hitler" or 'Stalin' doesn't actually address a specific issue in 2022.   
I don't believe Putin was looking to 'conquer the world' in any way....but Ukraine wasn't going to go into Western orbit without a serious fight.   

Jonas!

I agree I doubt even Putin would be dumb enough to think he could conquer the world. Of course I also doubt Hitler thought he could conquer the world and have a 1K year Reich. This was simply Nazi propaganda.

OTOH Putin probably believed before his disastrous war in Ukraine he could have stymied and even prevented the expansion of the EU and NATO on his borders.

If conquering Ukraine had been the catwalk Putin believed it to be, IMO he could have then moved on to take Moldova. If Ukraine had been a catwalk, Moldova with its limited military would have been even easier to conquer. While finishing conquering Ukraine, Putin could have been moving troops and supplies into Transnistria ready to take Moldova. The ethnic Russians in Transnistria would be happy to be part of Russia and would have flocked to join  the Russian military

After taking Moldova IMO Putin would have moved on to the country of Georgia. The 2008 Russo-Georgian War left Russia with two self proclaimed republics of South Ossetia and Abkhazia that want to be part of Russia. If Putin conquered Georgia and folded it into Russia Putin would be a hero in Russia.

Putin would also have regained territory lose when the USSR collapsed and even more important he would have prevented the three countries from joining the EU and NATO. Plus he would have shown the world Russia is a super power. All major wins for Putin.
I believe all this conjecture isn't accurate about attacking other countries.   I actually think the odds are higher now that Putin would go for more territory given the dust up the West has helped foment.   

Jonas! 
Title: Re: De-Dollarisation.
Post by: WestCoast on July 10, 2022, 04:30:19 PM


I think it best not to use the 'hitler' comparison as it is a distraction and doesn't address the actual facts in this case.  This situation is not analogous to Nazi Germany.   


Jonas!

We use the Hitler comparison because everyone knows who he was and what he did.  Many people would not know who Joseph Stalin and Robert Mugabe were or the extent of their crimes.

Harkening back to  "Hitler" or 'Stalin' doesn't actually address a specific issue in 2022.   
I don't believe Putin was looking to 'conquer the world' in any way....but Ukraine wasn't going to go into Western orbit without a serious fight.   

Jonas!

I agree I doubt even Putin would be dumb enough to think he could conquer the world. Of course I also doubt Hitler thought he could conquer the world and have a 1K year Reich. This was simply Nazi propaganda.

OTOH Putin probably believed before his disastrous war in Ukraine he could have stymied and even prevented the expansion of the EU and NATO on his borders.

If conquering Ukraine had been the catwalk Putin believed it to be, IMO he could have then moved on to take Moldova. If Ukraine had been a catwalk, Moldova with its limited military would have been even easier to conquer. While finishing conquering Ukraine, Putin could have been moving troops and supplies into Transnistria ready to take Moldova. The ethnic Russians in Transnistria would be happy to be part of Russia and would have flocked to join  the Russian military

After taking Moldova IMO Putin would have moved on to the country of Georgia. The 2008 Russo-Georgian War left Russia with two self proclaimed republics of South Ossetia and Abkhazia that want to be part of Russia. If Putin conquered Georgia and folded it into Russia Putin would be a hero in Russia.

Putin would also have regained territory lose when the USSR collapsed and even more important he would have prevented the three countries from joining the EU and NATO. Plus he would have shown the world Russia is a super power. All major wins for Putin.
I believe all this conjecture isn't accurate about attacking other countries.   I actually think the odds are higher now that Putin would go for more territory given the dust up the West has helped foment.   

Jonas!

Jonas you just said "Ukraine wasn't going to go into Western orbit without a serious fight." The same reasons for invading Ukraine also apply to Moldova and Georgia. Georgia is on Russia's southern border and very much wants to join the EU and NATO.

Moldova accepting that Transnistria is Russian territory, is also on the Russian border and also wants very much to be a member of the EU and NATO.

IOW the same reasons that Putin invaded Ukraine also apply to Moldova and Georgia. Are you saying Putin would invade and conquer Ukraine but allow Moldova and Georgia to join the EU and NATO?

As for Russia and NATO clashing on the battlefield just imagine a Russian tank battalion driving across a battlefield and running into a NATO tank battalion.

The Russian battalion tank commander would take one look at the NATO tank battalion and say to his men "Boys we f*cked up badly. Let's do a 180 and hit the gas." then he'd get on his cell phone call his mother and say "Mom I'm coming home. Open the garage door so I can hide the tank."   
Title: Re: De-Dollarisation.
Post by: Jonas! on July 10, 2022, 04:45:02 PM


IOW the same reasons that Putin invaded Ukraine also apply to Moldova and Georgia. Are you saying Putin would invade and conquer Ukraine but allow Moldova and Georgia to join the EU and NATO?

 

maybe the west learned not to bother with certain states...and leave things as they are.

Jonas!
Title: Re: De-Dollarisation.
Post by: WestCoast on July 10, 2022, 05:08:24 PM


IOW the same reasons that Putin invaded Ukraine also apply to Moldova and Georgia. Are you saying Putin would invade and conquer Ukraine but allow Moldova and Georgia to join the EU and NATO?

 

maybe the west learned not to bother with certain states...and leave things as they are.

Jonas!

Georgia is still actively involved in getting EU and NATO membership. Moldova just applied for EU membership. Although neutrality is enshrined in Moldova's constitution some analysts says there are ways to reverse that and allow Moldova to apply for NATO membership or at a minimum much closer ties with NATO.

https://www.rferl.org/a/moldova-russian-threat-neutrality-invasion-ukraine/31868367.html
Title: Re: De-Dollarisation.
Post by: rosco on July 11, 2022, 02:28:36 AM


IOW the same reasons that Putin invaded Ukraine also apply to Moldova and Georgia. Are you saying Putin would invade and conquer Ukraine but allow Moldova and Georgia to join the EU and NATO?

 

maybe the west learned not to bother with certain states...and leave things as they are.

Jonas!

Georgia is still actively involved in getting EU and NATO membership. Moldova just applied for EU membership. Although neutrality is enshrined in Moldova's constitution some analysts says there are ways to reverse that and allow Moldova to apply for NATO membership or at a minimum much closer ties with NATO.

https://www.rferl.org/a/moldova-russian-threat-neutrality-invasion-ukraine/31868367.html

I can’t see either of them getting into the EU any time soon but if that’s true, thank god the UK left. More spongers needing my tax to make their lives better.
Title: Re: De-Dollarisation.
Post by: WestCoast on July 11, 2022, 09:51:08 AM


IOW the same reasons that Putin invaded Ukraine also apply to Moldova and Georgia. Are you saying Putin would invade and conquer Ukraine but allow Moldova and Georgia to join the EU and NATO?

 

maybe the west learned not to bother with certain states...and leave things as they are.

Jonas!

Georgia is still actively involved in getting EU and NATO membership. Moldova just applied for EU membership. Although neutrality is enshrined in Moldova's constitution some analysts says there are ways to reverse that and allow Moldova to apply for NATO membership or at a minimum much closer ties with NATO.

https://www.rferl.org/a/moldova-russian-threat-neutrality-invasion-ukraine/31868367.html

I can’t see either of them getting into the EU any time soon but if that’s true, thank god the UK left. More spongers needing my tax to make their lives better.

Rosco you really think you're out of the EU? The ECHR is still making it next to impossible for the UK to deport anyone in the UK illegally. The illegals are still racing across the channel sometimes at the rate of hundreds per day and the UK is accepting them all.

The EU is demanding tens of billions of dollars as part of the final settlement for Brexit. If Labour gets in it's a given that the UK will be on the road back to membership in the EU or much closer ties to the EU that will eventually lead to membership in the EU if Labour manages to stay in power for a couple of elections.
Title: Re: De-Dollarisation.
Post by: rosco on July 11, 2022, 10:13:25 AM


IOW the same reasons that Putin invaded Ukraine also apply to Moldova and Georgia. Are you saying Putin would invade and conquer Ukraine but allow Moldova and Georgia to join the EU and NATO?

 

maybe the west learned not to bother with certain states...and leave things as they are.

Jonas!

Georgia is still actively involved in getting EU and NATO membership. Moldova just applied for EU membership. Although neutrality is enshrined in Moldova's constitution some analysts says there are ways to reverse that and allow Moldova to apply for NATO membership or at a minimum much closer ties with NATO.

https://www.rferl.org/a/moldova-russian-threat-neutrality-invasion-ukraine/31868367.html

I can’t see either of them getting into the EU any time soon but if that’s true, thank god the UK left. More spongers needing my tax to make their lives better.

Rosco you really think you're out of the EU? The ECHR is still making it next to impossible for the UK to deport anyone in the UK illegally. The illegals are still racing across the channel sometimes at the rate of hundreds per day and the UK is accepting them all.

The EU is demanding tens of billions of dollars as part of the final settlement for Brexit.

WestCoast, do you really think that the ECHR is the same as the EU? If you're going to bring up stuff like this, google first to avoid looking silly. The ECHR is a completely different legal system to the EU. The ECHR and its court are part of the Council of Europe, which has 47 member states, including Russia and the UK. The EU, on the other hand, consists of 27 Member States.

You might want to take a seat here because here's more big news for you. The UK is still in Europe too!!

If Ukraine, Moldova and Georgia become EU members over the coming 3-5 years, billions will be getting poured into these 3rd world places to bring them up to standard. Business and employment from hard working EU countries will get bogged down with bureaucracy and red tape so the transfer of industry and GDP is sent to the crap places. It's what the EU does.

What's your point about illegals? I dont recall mentioning them and they certainly wont be allowed to walk into the UK and start receiving benefits anymore. Brexit stopped that. So whats your point other than seeking a silly argument?

And whilst we are still tangled/de-tangling from the decades of membership, we will no longer be NET contributors funding the EU. So no, we wont be getting shafted for any new 3rd world countries and it'll be down to the 5 or so current contributors to cough up more.....hence my original point.

That's why I said;

I can’t see either of them getting into the EU any time soon but if that’s true, thank god the UK left. More spongers needing my tax to make their lives better.

Keep up please, this gets really boring.
Title: Re: De-Dollarisation.
Post by: WestCoast on July 11, 2022, 01:45:54 PM


IOW the same reasons that Putin invaded Ukraine also apply to Moldova and Georgia. Are you saying Putin would invade and conquer Ukraine but allow Moldova and Georgia to join the EU and NATO?

 

maybe the west learned not to bother with certain states...and leave things as they are.

Jonas!

Georgia is still actively involved in getting EU and NATO membership. Moldova just applied for EU membership. Although neutrality is enshrined in Moldova's constitution some analysts says there are ways to reverse that and allow Moldova to apply for NATO membership or at a minimum much closer ties with NATO.

https://www.rferl.org/a/moldova-russian-threat-neutrality-invasion-ukraine/31868367.html

I can’t see either of them getting into the EU any time soon but if that’s true, thank god the UK left. More spongers needing my tax to make their lives better.

Rosco you really think you're out of the EU? The ECHR is still making it next to impossible for the UK to deport anyone in the UK illegally. The illegals are still racing across the channel sometimes at the rate of hundreds per day and the UK is accepting them all.

The EU is demanding tens of billions of dollars as part of the final settlement for Brexit.

WestCoast, do you really think that the ECHR is the same as the EU? If you're going to bring up stuff like this, google first to avoid looking silly. The ECHR is a completely different legal system to the EU. The ECHR and its court are part of the Council of Europe, which has 47 member states, including Russia and the UK. The EU, on the other hand, consists of 27 Member States.

You might want to take a seat here because here's more big news for you. The UK is still in Europe too!!

If Ukraine, Moldova and Georgia become EU members over the coming 3-5 years, billions will be getting poured into these 3rd world places to bring them up to standard. Business and employment from hard working EU countries will get bogged down with bureaucracy and red tape so the transfer of industry and GDP is sent to the crap places. It's what the EU does.

What's your point about illegals? I dont recall mentioning them and they certainly wont be allowed to walk into the UK and start receiving benefits anymore. Brexit stopped that. So whats your point other than seeking a silly argument?

And whilst we are still tangled/de-tangling from the decades of membership, we will no longer be NET contributors funding the EU. So no, we wont be getting shafted for any new 3rd world countries and it'll be down to the 5 or so current contributors to cough up more.....hence my original point.

That's why I said;

I can’t see either of them getting into the EU any time soon but if that’s true, thank god the UK left. More spongers needing my tax to make their lives better.

Keep up please, this gets really boring.

The cost of divorce from the BBC:

https://www.bbc.com/news/51110096

(https://ichef.bbci.co.uk/news/1632/idt2/idt2/f7edf4f8-18a3-43f1-a1b1-0195124faad2/image/816)

UK still trying to get out of the ECHR but not yet succeeding
https://www.dw.com/en/uk-unveils-bill-to-overrule-european-human-rights-decisions/a-62224093

Benefits being paid to asylum seekers and failed asylum seekers.

https://www.gov.uk/government/publications/report-on-review-of-cash-allowance-paid-to-asylum-seekers/report-on-review-of-weekly-allowances-paid-to-asylum-seekers-and-failed-asylum-seekers-2021

Rosco do you actually read the news in the UK or are you like Andy and just make stuff up and think it's true?
Title: Re: De-Dollarisation.
Post by: rosco on July 11, 2022, 03:03:27 PM
That’s got zip to do with the original comment or the discussion that followed. Are you that pathetic that you’ll try and bait an argument with anyone willing to give you some of their time?

I’m glad we’re out the EU because if more 3rd world countries join it’ll cost the NET contributors big £££.

The ECHR is not the EU.

Asylum seekers landing landing in the UK isn’t because we left the EU.

WasteCoat is brain dead and may be related to Moby.
Title: Re: De-Dollarisation.
Post by: WestCoast on July 11, 2022, 03:40:25 PM
That’s got zip to do with the original comment or the discussion that followed. Are you that pathetic that you’ll try and bait an argument with anyone willing to give you some of their time?

I’m glad we’re out the EU because if more 3rd world countries join it’ll cost the NET contributors big £££.

The ECHR is not the EU.

Asylum seekers landing landing in the UK isn’t because we left the EU.

WasteCoat is brain dead and may be related to Moby.

Rosco one of the main reasons the UK wanted to leave the EU was because then the UK would have control over their immigration.

Has that happened? No. The asylum seekers keep crossing the Channel sometimes by the hundreds in a week. You can't deport the asylum seekers crossing the Channel because the ECHR says so. The UK wants out of the ECHR but according to most reports that won't happen which means any idea of the UK controlling its own immigration is an illusion.

The UK will be paying billions for decades to come to finalize Brexit although if Labour is in power for a few elections the UK will probably be back in the EU before the UK finishes paying.

Was Brexit for nothing?

https://en.wikipedia.org/wiki/Brexit
Title: Re: De-Dollarisation.
Post by: Wiz on July 11, 2022, 08:19:12 PM
This Fed Will Be Behind The Inflation Curve
For "At Least A Decade": Mark Spiegel

Mark sounds off in his latest letter about the state of the Fed trying to catch up to inflation and his neverending Tesla short.

Friend of Fringe Finance Mark B. Spiegel of Stanphyl Capital released his most recent investor letter last week, with his updated take on the market’s valuation and Tesla.

Mark is a recurring guest on my podcast and definitely one of Wall Street’s iconoclasts. I read every letter he publishes and only recently thought it would be a great idea to share them with my readers.

Like many of my friends/guests, he’s the type of voice that gets little coverage in the mainstream media, which, in my opinion, makes him someone worth listening to twice as closely.

Friend of Fringe Finance Mark B. Spiegel of Stanphyl Capital released his most recent investor letter last week, with his updated take on the market’s valuation and Tesla.

Mark is a recurring guest on my podcast and definitely one of Wall Street’s iconoclasts. I read every letter he publishes and only recently thought it would be a great idea to share them with my readers.

Like many of my friends/guests, he’s the type of voice that gets little coverage in the mainstream media, which, in my opinion, makes him someone worth listening to twice as closely.

 (https://quoththeraven.substack.com/p/this-fed-will-be-behind-the-inflation?utm_source=email)
This Fed Will Be Behind The Inflation Curve
For "At Least A Decade": Mark Spiegel
Title: Re: De-Dollarisation.
Post by: rosco on July 12, 2022, 03:15:50 AM
That’s got zip to do with the original comment or the discussion that followed. Are you that pathetic that you’ll try and bait an argument with anyone willing to give you some of their time?

I’m glad we’re out the EU because if more 3rd world countries join it’ll cost the NET contributors big £££.

The ECHR is not the EU.

Asylum seekers landing landing in the UK isn’t because we left the EU.

WasteCoat is brain dead and may be related to Moby.

Rosco one of the main reasons the UK wanted to leave the EU was because then the UK would have control over their immigration.

Has that happened? No. The asylum seekers keep crossing the Channel sometimes by the hundreds in a week. You can't deport the asylum seekers crossing the Channel because the ECHR says so. The UK wants out of the ECHR but according to most reports that won't happen which means any idea of the UK controlling its own immigration is an illusion.

The UK will be paying billions for decades to come to finalize Brexit although if Labour is in power for a few elections the UK will probably be back in the EU before the UK finishes paying.

Was Brexit for nothing?

https://en.wikipedia.org/wiki/Brexit

You’re trolling me right? You can’t be this retarded or when you told us you were a banker, did you misspell what you really meant?

Google asylum seekers and read about brown people from Africa & Asia making channel crossings to enter the uk illegally. Then google EU freedom of movement and how people from within the EU can no longer leave their broke arse country and move to the UK and work for nothing, driving down wages for everyone else.

It is of course more complex than that but at this point, you’ll have discovered that you’re talking garbage yet again and there are two separate discussion being rolled into one by you.

However you’ll be one step closer to having an informed discussion with an adult.
Title: Re: De-Dollarisation.
Post by: rosco on July 12, 2022, 03:32:33 AM
Was Brexit for nothing?

Do you seriously believe that we left the European Union, to stop people from Africa and Asia claiming asylum?  :prophead:
Title: Re: De-Dollarisation.
Post by: Manny on July 12, 2022, 05:49:45 AM
WasteCoat is brain dead and may be related to Moby.

Must be all the 'vaccinations' they force on them in Canada. One every 9 months forever now.  :chuckle:
Title: Re: De-Dollarisation.
Post by: WestCoast on July 12, 2022, 08:44:07 AM
Was Brexit for nothing?

Do you seriously believe that we left the European Union, to stop people from Africa and Asia claiming asylum?  :prophead:

At the time regaining control of immigration was certainly one of the reasons given for Brexit.

https://www.washingtonpost.com/world/europe/immigration-worries-drove-the-brexit-vote-then-attitudes-changed/2018/11/16/c216b6a2-bcdb-11e8-8243-f3ae9c99658a_story.html

https://www.theguardian.com/politics/2016/apr/25/brexit-is-only-way-to-control-immigration-campaigners-claim

https://www.cnn.com/2016/06/16/europe/brexit-britain-immigration-referendum/index.html
Title: Re: De-Dollarisation.
Post by: rosco on July 12, 2022, 08:53:02 AM
Was Brexit for nothing?

Do you seriously believe that we left the European Union, to stop people from Africa and Asia claiming asylum?  :prophead:

At the time regaining control of immigration was certainly one of the reasons given for Brexit.

https://www.washingtonpost.com/world/europe/immigration-worries-drove-the-brexit-vote-then-attitudes-changed/2018/11/16/c216b6a2-bcdb-11e8-8243-f3ae9c99658a_story.html

https://www.theguardian.com/politics/2016/apr/25/brexit-is-only-way-to-control-immigration-campaigners-claim

https://www.cnn.com/2016/06/16/europe/brexit-britain-immigration-referendum/index.html

Yet again you didn't read your own links or google what I asked!!  :'(

From one of your own sources and I quote -

“Free movement will end,” May said. “That is one of the key elements, I believe, of the vote in the referendum that we need to ensure we deliver for the British people.”

Freedom of movement is completely different to dealing with African asylum seekers, as I've already told you.

Anyhow, you are doing the Moby yet again. This has nothing to do with de-dollarisation or my original comments regarding being happy out of the EU, should Ukraine, Moldova and Georgia join any time soon. You need kept on a leash.
Title: Re: De-Dollarisation.
Post by: dorbradavid on July 12, 2022, 09:57:36 AM
Was Brexit for nothing?

Do you seriously believe that we left the European Union, to stop people from Africa and Asia claiming asylum?  :prophead:

WADR, that was one of the reason's for the "leave" vote.  tiphat
Title: Re: De-Dollarisation.
Post by: rosco on July 12, 2022, 10:06:23 AM
Was Brexit for nothing?

Do you seriously believe that we left the European Union, to stop people from Africa and Asia claiming asylum?  :prophead:

WADR, that was one of the reason's for the "leave" vote.  tiphat

It might have been part of the many discussions but it was the freedom of movement that hit hard, when the immigration debates were had. As I'm sure you know, the UK could do very little when it came to EU citizens moving to the UK or claiming state welfare once eligible.

The rubber dinghies from France have been happening for decades and its more about the French than the EU. I still cant fathom how anyone can take an asylum application seriously, when the candidate comes from Africa or Asia, whilst currently safe in France or any of the other many safe countries they passed through to get to the channel.
Title: Re: De-Dollarisation.
Post by: Jonas! on August 07, 2022, 08:29:39 AM
Slowly countries are moving away from the dollar.  Turkey 82 million people is now paying for some Russian gas in rubles.   We (The US) have opened up a can of worms. We had money for nothing, yet wanted more free money...greed. 

  Turkey to pay for some Russian gas in rubles: Erdogan

President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in rubles.

The announcement was initially made by Moscow late Friday after more than four hours of talks between Erdogan and Russian President Vladimir Putin in Sochi.

The United States is leading international efforts to impose economic sanctions on Russia in response to its February invasion of Ukraine....

 https://www.yahoo.com/news/turkey-pay-russian-gas-rubles-114952870.html   (https://www.yahoo.com/news/turkey-pay-russian-gas-rubles-114952870.html)

Jonas!
Title: Re: De-Dollarisation.
Post by: andrewfi on August 07, 2022, 08:48:51 AM
Rosco, yeah, the dinghy diver situation is due to a very, very, lax interpretation of international law.

As I understand it, asylum should be claimed at the first border where safe haven is available. This means that in almost all cases the only valid claims should be from people flying to the UK from the country from which the asylum seeker wants to leave.

Jonas, having the largest reserve currency is not a universal benefit to the country issuing the currency. It pretty much forces the economy to run on a deficit basis.

As I understand it, this is one reason why China does not want the renminbi to replace the dollar. A synthetic currency of some sort is the 'best' option in most respects. This is what China and Russia, among others are working toward.
Title: Re: De-Dollarisation.
Post by: Jonas! on August 07, 2022, 09:03:49 AM
Jonas, having the largest reserve currency is not a universal benefit to the country issuing the currency. It pretty much forces the economy to run on a deficit basis.

As I understand it, this is one reason why China does not want the renminbi to replace the dollar. A synthetic currency of some sort is the 'best' option in most respects. This is what China and Russia, among others are working toward.
Well, we definitely run a deficit which seems to be destructive in the longer term.  I may need a bit of an explanation if you don't mind.  Why is critical for the US to run a deficit?    My VERY basic understanding is we have been printing the dollars, making a percentage, and let others buy/use them.   
Thanks,
Jonas!   
Title: Re: De-Dollarisation.
Post by: andrewfi on August 07, 2022, 10:00:14 AM
OK, forum post not a long textbook article...

As I understand it, your last words kinda sum it up. One needs to print enough dollars by creating debt to enable the rest of the world to have dollars for trade as the global economy grows.

As a popular currency the ecxhmge rate rises meaning that it is cheaper for the issuing country to buy up imports cheaply. This leads to a trade deficit.

This is called the Triffin Dilemma.

You can read more about the problem of reserve currency trade deficits here: https://www.investopedia.com/financial-edge/1011/how-the-triffin-dilemma-affects-currencies.aspx#:~:text=A%20popular%20reserve%20currency%20lifts,decisions%20that%20benefit%20other%20countries

So, as I understand it, the issue arises because the dollar floats and is not backed by an asset such as gold. The USA came off the gold standard because the United States could no longer afford to pay out gold at the stated rate. Again IIRC the dollar was the first major reserve currency to fall victim to the effect as previous reserve currencies were gold backed.
Title: Re: De-Dollarisation.
Post by: Jonas! on August 07, 2022, 12:49:43 PM
OK, forum post not a long textbook article...

As I understand it, your last words kinda sum it up. One needs to print enough dollars by creating debt to enable the rest of the world to have dollars for trade as the global economy grows.

As a popular currency the ecxhmge rate rises meaning that it is cheaper for the issuing country to buy up imports cheaply. This leads to a trade deficit.

This is called the Triffin Dilemma.

You can read more about the problem of reserve currency trade deficits here: https://www.investopedia.com/financial-edge/1011/how-the-triffin-dilemma-affects-currencies.aspx#:~:text=A%20popular%20reserve%20currency%20lifts,decisions%20that%20benefit%20other%20countries

So, as I understand it, the issue arises because the dollar floats and is not backed by an asset such as gold. The USA came off the gold standard because the United States could no longer afford to pay out gold at the stated rate. Again IIRC the dollar was the first major reserve currency to fall victim to the effect as previous reserve currencies were gold backed.
Thanks Hoss, that is a great article.  It gives me a slightly better understanding of the 'reserve currency', and it is complicated to extricate from it once you have it.  As more countries use their own or trading partners currencies the dollar should slowly be less needed.   

Jonas!   
Title: De-Dollarisation? not likely
Post by: Lon on October 26, 2022, 09:23:04 PM
Peter Zeihan has another vid.
about 8.5 minutes long


it seems the collapse of the dollar is a little premature   :biggrin:
Title: Re: De-Dollarisation.
Post by: 2tallbill on October 31, 2022, 03:44:07 PM
Try exporting something other than death and dollars.

We export baked beans to the UK so that you have
something for your toast. What does the UK export?
crumpets?
Title: Re: De-Dollarisation.
Post by: 2tallbill on October 31, 2022, 03:48:09 PM
Doesn't it cost money to mothball a project like that?

Not enough to bankrupt it
Title: Re: De-Dollarisation.
Post by: AvHdB on October 31, 2022, 04:19:43 PM
Try exporting something other than death and dollars.

We export baked beans to the UK so that you have
something for your toast. What does the UK export?
crumpets?

And I thought it was tarts.
Title: Re: De-Dollarisation.
Post by: Texan77 on October 31, 2022, 05:43:44 PM
One of our biggest exports is Tecnology, designs of products that are made elsewhere. We are moving to where much of what we design is being made in Mexico. Apple phone is an example. The phones are made in China, but they designed here, and the parts are made all over some of them here. Just the final assembly is in China. That is true with many Chinese made products which are not really made in China but rather assembled in China. The same is true with most high-end chips. The ones that are made elsewhere are for the most part designed in the USA with machines that were built in the USA. USA imports to continue to decline going forward and assembly is being done by robots more and more making Chinese labor and shipping too expensive to be competitive. What this is just sour grapes as you get pissed off how well the USA is doing and its likelihood to continue to grow. At some point you figured it out the stuff you keep reading is not really happening.
Title: De-Dollarisation. bad news for China
Post by: Lon on November 30, 2022, 07:06:31 PM
short 8.5 min vid from Peter Zeihan  "the end of China?"


not looking good for China's economy and consequently the rest of the world's economy
Title: Re: De-Dollarisation. bad news for China
Post by: Wiz on December 01, 2022, 11:24:30 PM
short 8.5 min vid from Peter Zeihan  "the end of China?"


not looking good for China's economy and consequently the rest of the world's economy

Another Propaganda post ful of vague comments and other crap......to keep happy the  US/world  audience. The fact is that China is holding more than 1 trillion dollars of USA treasury bonds...which is using to finance and support it's huge exporting bussiness.......

On the other hand China has always kept their currency Renminbi  low for which the Americans are complaining. China is using it's huge exports and income that receives in Dollars to buy many important assets in USA and around the world. They already have bought a large car amanufacturee and many other big American names....like the famouse hotel Waldorf Astoria in NY. Also they buy huge parts  land for caltivation to support its huge population.... They also have bought agriculture land in many other countries and also in the East part of Ukraine on the East side of the river Dnipro.

U.S. debt to China comes in the form of U.S. Treasuries, largely due to their safety and stability

I just read in an article that China's central bank had approximately $3.3 trillion in total foreign exchange reserves.

If China stops buying U.S. Treasuries or even starts dumping its U.S. forex reserves, its trade surplus would become a trade deficit—something which no export-oriented economy would want, as they would be worse off as a result.

As we can see the US continue printing and lending billions of Dollars to Ukraine, which most probably will never will be paid back ...... because the Dollar is worthles scam and it is not in real terms a gold supported Reserve currency. it is just a Toilet paper. Just think what will it ahppen if te BRICS and all other independent nations start seling dollars in the market........

At the moment they still buying 53 Millions Electrical Transformers to sent to Ukraine because pretty soon.....everybody there will die from the cold.

That is the result and the end of the Orange revolusion.........and of Ukraine
and the trolls on this board will continue singing TRA LA LA ,,,etc.
while people die from Cold over there!



Title: Re: De-Dollarisation. bad news for China
Post by: BC on December 02, 2022, 04:32:05 AM

Another Propaganda post ful of vague comments and other crap......to keep happy the  US/world  audience. The fact is that China is holding more than 1 trillion dollars of USA treasury bonds...which is using to finance and support it's huge exporting bussiness.......



Wizz,

It's an interesting opinion, unlike your disinformation posts.

You again bite the bait of those dangling little ignorant tidbits of disinfo you so thrive on.

Under a trillion, mostly used to stabilize their own currency.
https://ticdata.treasury.gov/Publish/mfh.txt

A primer why China holds treasury notes and dumping treasuries would negatively affect China as well:

https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp
Title: Re: De-Dollarisation. bad news for China
Post by: Wiz on December 02, 2022, 07:17:08 AM
https://ruadventures.com/forum/index.php?topic=24660.new;topicseen#new

Another Propaganda post ful of vague comments and other crap......to keep happy the  US/world  audience. The fact is that China is holding more than 1 trillion dollars of USA treasury bonds...which is using to finance and support it's huge exporting bussiness.......

Wizz,

It's an interesting opinion, unlike your disinformation posts.

You again bite the bait of those dangling little ignorant tidbits of disinfo you so thrive on.

Under a trillion, mostly used to stabilize their own currency.
https://ticdata.treasury.gov/Publish/mfh.txt

A primer why China holds treasury notes and dumping treasuries would negatively affect China as well:

https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp

Mamma mia la fortuna

we both must have been reading the same articles.......but you still insist to teach me a lesson.

ARE YOU FROM SICILY DON CORLEONE?  :ROFL:......
Title: Re: De-Dollarisation. bad news for China
Post by: BC on December 02, 2022, 11:29:59 AM

we both must have been reading the same articles.......


I doubt it.
Title: Re: De-Dollarisation.
Post by: cufflinks on December 02, 2022, 07:26:52 PM
185,000 Europeans might die from high energy prices this winter... Per UK's Economist Magazine study.

https://www.brusselstimes.com/331119/high-energy-prices-will-kill-more-than-100000-europeans-this-winter-study-finds
Title: Re: De-Dollarisation.
Post by: Contrarian on December 02, 2022, 08:53:45 PM
185,000 Europeans might die from high energy prices this winter... Per UK's Economist Magazine study.

https://www.brusselstimes.com/331119/high-energy-prices-will-kill-more-than-100000-europeans-this-winter-study-finds


I wonder if Macron discussed this over lobster with creepy Joe.

Quote

"The United States is a producer of cheap gas that they are selling us at a high price," French President Emmanuel Macron recently said. "I don't think that's friendly."





Title: Re: De-Dollarisation.
Post by: Texan77 on December 02, 2022, 09:40:47 PM
185,000 Europeans might die from high energy prices this winter... Per UK's Economist Magazine study.

https://www.brusselstimes.com/331119/high-energy-prices-will-kill-more-than-100000-europeans-this-winter-study-finds


I wonder if Macron discussed this over lobster with creepy Joe.

Quote

"The United States is a producer of cheap gas that they are selling us at a high price," French President Emmanuel Macron recently said. "I don't think that's friendly."

USA produced gas has a high shipping cost when sold to Europe. The USA government does not sell gas only private companies. If you think they are making too much money you can buy stock in the companies that are doing this and get a share of the profit. 

I guess they think more Europeans will die because of high cost of gas the Ukrainians who do not have electricity. It seems odd to me.
Title: Re: De-Dollarisation.
Post by: Contrarian on December 02, 2022, 11:03:22 PM
185,000 Europeans might die from high energy prices this winter... Per UK's Economist Magazine study.

https://www.brusselstimes.com/331119/high-energy-prices-will-kill-more-than-100000-europeans-this-winter-study-finds


I wonder if Macron discussed this over lobster with creepy Joe.

Quote

"The United States is a producer of cheap gas that they are selling us at a high price," French President Emmanuel Macron recently said. "I don't think that's friendly."

USA produced gas has a high shipping cost when sold to Europe. The USA government does not sell gas only private companies. If you think they are making too much money you can buy stock in the companies that are doing this and get a share of the profit. 

I guess they think more Europeans will die because of high cost of gas the Ukrainians who do not have electricity. It seems odd to me.


If Ukraine hadn't ousted Yanukovych way back when they would have plenty of cheap gas from Russia, as well they would still have Crimea, the Donbas and the rest of their country.  :coffeeread:
Title: De-Dollarisation.
Post by: 2tallbill on December 08, 2022, 06:32:08 AM

And I thought it was tarts.

They exported just the one, the USA has a more than sufficient homegrown supply for our needs and we do not need to import
more.
Title: Re: De-Dollarisation.
Post by: 2tallbill on December 08, 2022, 06:46:02 AM
I wonder if Macron discussed this over lobster with creepy Joe.

Quote

"The United States is a producer of cheap gas that they are selling us at a high price," French President Emmanuel Macron recently said. "I don't think that's friendly."

Francy-pants is used to the USA selling to them at below cost.
Frenchy-boy can either pay the market rate or go home and
eat his stinky cheese without all the whine.

France has an unrealistic opinion of themselves and their value
on the world stage, just remember how they soiled themselves
after Australia decided they didn't want to buy their 40 year old
crap submarine technology.

(http://3.bp.blogspot.com/_NQQtTtrm7uk/TK9pMGPOTnI/AAAAAAAAFbk/H89E0yPhZj8/w1200-h630-p-k-no-nu/pepe-le-pew.jpg)
Title: De-Dollarisation. CCP Is Facing Disaster
Post by: Lon on December 09, 2022, 10:45:12 PM
about an 8 min. vid from Peter Zeihan.
mostly about problems in China, but a few comments on Russia, and the Russian-UKraine war


all is interesting, but at 5:30 or so, he starts talking about the U.S.   :)

Title: Re: De-Dollarisation.
Post by: 2tallbill on December 12, 2022, 04:20:27 AM
We export baked beans to the UK so that you have
something for your toast. What does the UK export?
crumpets?


And I thought it was tarts.

I posted a photo of Meagan Markel (an example of UK tart exports)
in a post and it disappeared. I probably messed up somewhere

(https://cdn.flash.pt/images/2018-03/img_460x290$2018_03_24_14_27_00_121663.jpg)
 
Title: Re: De-Dollarisation.
Post by: 2tallbill on December 12, 2022, 04:34:42 AM
Quote from: Markje link=topic=24660.msg416149#msg416149

And Russian and Chinese et.al. business prefer exactly the same. When they will be strong enough to push other currency in their business contracts, it will be the point of no return for the dollar.

For me personally, I hope this doesnt happen before I am financially independent from working hard.

Mark.

Nobody trusts the Chinese or the Russians in large and/or future
deals to use their own currency. They will fiddle after the fact. 
Title: Re: De-Dollarisation.
Post by: Markje on December 12, 2022, 05:11:52 AM
Quote from: Markje link=topic=24660.msg416149#msg416149

And Russian and Chinese et.al. business prefer exactly the same. When they will be strong enough to push other currency in their business contracts, it will be the point of no return for the dollar.

For me personally, I hope this doesnt happen before I am financially independent from working hard.

Mark.

Nobody trusts the Chinese or the Russians in large and/or future
deals to use their own currency. They will fiddle after the fact.
Thats why I said, when they are strong enough.

Then you don't need to trust them, just like people over there know not to trust Americans, but the Dollar is used anyway.
Title: Re: De-Dollarisation.
Post by: andrewfi on December 12, 2022, 08:14:34 AM

Thanks Hoss, that is a great article.  It gives me a slightly better understanding of the 'reserve currency', and it is complicated to extricate from it once you have it.  As more countries use their own or trading partners currencies the dollar should slowly be less needed.   

Jonas!

Reserve currencies were more important in the past when travel and communications were much, much, slower. Imagine a time when it too a week to travel from London to Paris, or weeks to go from London to New York. It was important to have a trusted store of value, hence gold. But gold was heavy and not easy to provide exact amounts. Hence the rise of coins followed by paper currency. A paper currency is a promise to pay (in the past a certain amount of gold - a kind of promissory note). In such a case, trust was vital. Nobody would accept a note to pay in gold from an untrustworthy source.

Today, the world has changed. Transactions can cross the world in fractions of a second, be recorded and resolved almost instantaneously. In such a situation, there is much less need for a reserve currency as trust and delay are much less relevant when a transaction can be sorted from, say Saudi Arabia to China. It is not hard to pay in either sates currency because it can be sold on again almost instantly - kinda like what Russia does with Euros these days. Or each state can choose to hold the other currency for purchases in the future. Probably a mixture of these two.

We will likely still need some kind of intermediary currency though. That'll help with trust - for example, if Nigeria wants to buy stuff from Russia, they might use an intermediary currency as folks tend not to trust the Nigerians. Although at state and large enterprise levels that may not be so much of an issue. But that's where crypto comesin very handy. :) Crypto requires no trust.
Title: Re: De-Dollarisation.
Post by: Contrarian on December 12, 2022, 11:35:45 AM
We export baked beans to the UK so that you have
something for your toast. What does the UK export?
crumpets?


And I thought it was tarts.

I posted a photo of Meagan Markel (an example of UK tart exports)
in a post and it disappeared. I probably messed up somewhere

(https://cdn.flash.pt/images/2018-03/img_460x290$2018_03_24_14_27_00_121663.jpg)

There's probably a law in the UK against posting nude photos of "royals".
Title: Re: De-Dollarisation.
Post by: rosco on December 12, 2022, 12:04:41 PM
We export baked beans to the UK so that you have
something for your toast. What does the UK export?
crumpets?


And I thought it was tarts.







I posted a photo of Meagan Markel (an example of UK tart exports)
in a post and it disappeared. I probably messed up somewhere

(https://cdn.flash.pt/images/2018-03/img_460x290$2018_03_24_14_27_00_121663.jpg)

There's probably a law in the UK against posting nude photos of "royals".

And 'black' women....
Title: Re: De-Dollarisation.
Post by: Wiz on December 12, 2022, 09:36:41 PM
We export baked beans to the UK so that you have
something for your toast. What does the UK export?
crumpets?


And I thought it was tarts.

I posted a photo of Meagan Markel (an example of UK tart exports)
in a post and it disappeared. I probably messed up somewhere

(https://cdn.flash.pt/images/2018-03/img_460x290$2018_03_24_14_27_00_121663.jpg)

I expect it was taken down to avoid any Copyright problems.....except if you were the owner.... of the copyright and I can only guess you would not post such provocative photo.

Is that you on the new photo.... not very exciting... as also the fat cows I observed on my trips over there.....long time ago when I was young!

I don't blame you looking to find a nice curvy back site and small tits !

Is that the reason you went in yout foreign trips, Mr Sex tourist?, to find a Mail order Tart?

 :ROFL: :ROFL: :ROFL: tiphat
Title: Re: De-Dollarisation.
Post by: Markje on December 30, 2022, 04:59:32 PM
Looks like the tech-bloggies are also starting to notice:

https://news.slashdot.org/story/22/12/30/1112219/suddenly-everyone-is-hunting-for-alternatives-to-the-us-dollar
Title: Re: De-Dollarisation.
Post by: Wiz on December 30, 2022, 11:56:05 PM
Looks like the tech-bloggies are also starting to notice:

Pound Sterling Underpinned
by "Stubborn Bid" Against Dollar and Euro

(https://www.poundsterlinglive.com/images/stock/2022/british-pound-news.jpg)

The Pound was an underperformer in the final week of the year but it also appeared to benefit when a stubborn bid kept it buoyant above 1.20 against the Dollar and roughly 1.13 relative to the Euro, suggesting some in the market may perceive Sterling as offering value around those levels.

Interbank trading activity was notably lower this week while the Dollar, Sterling, Japanese Yen and Norwegian Krone were underperformers at the end of a turbulent year for financial markets in which a metaphorical curtain has appeared to be drawn on the era of inflation scarcity within developed markets.


https://www.poundsterlinglive.com/gbp-live-today/17974-pound-sterling-underpinned-by-stubborn-bid-against-dollar-and-euro (https://www.poundsterlinglive.com/gbp-live-today/17974-pound-sterling-underpinned-by-stubborn-bid-against-dollar-and-euro)
Title: Re: De-Dollarisation.
Post by: 2tallbill on December 31, 2022, 12:28:44 PM
Then you don't need to trust them, just like people over there know not to trust Americans, but the Dollar is used anyway.

You can trust the Swedes won't intentionally devaluate the
Kronar to screw over another country after a large transaction.
You can trust the USA in the same regard as well. That's the
actual reason that the US dollar is used throughout the World.

The world doesn't trust China or Russia not to manipulate
their currencies whenever it proves advantageous to do so.
That's the actual reason that the Ruble or Yuan is not used
throughout the world.

Every post in this entire thread can be boiled down to those
two points plus the "I hate America crowd comments."

Title: Re: De-Dollarisation.
Post by: Markje on December 31, 2022, 01:02:20 PM
Then you don't need to trust them, just like people over there know not to trust Americans, but the Dollar is used anyway.

You can trust the Swedes won't intentionally devaluate the
Kronar to screw over another country after a large transaction.
You can trust the USA in the same regard as well. That's the
actual reason that the US dollar is used throughout the World.

The world doesn't trust China or Russia not to manipulate
their currencies whenever it proves advantageous to do so.
That's the actual reason that the Ruble or Yuan is not used
throughout the world.

Every post in this entire thread can be boiled down to those
two points plus the "I hate America crowd comments."

You're missing the big picture here Bill.

Up until very recently, if you wanted to buy a flat/condo/house/whatever with mortgage inside of Russia, you could do it only in dollar/euro. Now that dollar has dissapeared, its Euro/Ruble.

Same for large transactions between China/Russia. that used to be dollars, now its either Ruble or Yuan.

Other countries are catching on as well. In my entire life i only held 1 dollar once, given to me as payment, and I found it useless in the sense that you can't use dollars within Europe. Only Euro's. So I changed it back to 1 Euro somewhere.

As the world starts to dis-use dollars everywhere, soon there wont be ANY global currency anymore. Thats how bad some countries want to ditch dollars.
Title: Re: De-Dollarisation.
Post by: andrewfi on December 31, 2022, 01:17:37 PM
The need for a 'world currency' is receding into the past. A reserve currency is needed when it takes a week to travel from Paris to London. The need goes away when a transaction between parties in Shanghai and Paris is, to all intents and purposes, instantaneous. Speed reduces the need for trust.
Title: Re: De-Dollarisation.
Post by: BC on January 01, 2023, 04:47:13 AM
That's true Andrew, but the purpose of holding amounts of reserve currencies like USD or EUR is often to bolster trust (the ability of the country to pay its debts) or weaken it for better trade conditions by selling some reserves.   Also, many international contracts stipulate the use of a specific currency based on its stability and predictability, i.e., long-term oil and energy contracts.
Title: Re: De-Dollarisation.
Post by: Wiz on January 01, 2023, 04:52:59 AM
Billy  take a look to see who has the right to issue Dollars!

(https://upload.wikimedia.org/wikipedia/commons/2/23/US_one_dollar_bill%2C_obverse%2C_series_2009.jpg)

You can trust the Swedes won't intentionally devaluate the
Kronar to screw over another country after a large transaction.

You can trust the USA in the same regard as well. That's the
actual reason that the US dollar is used throughout the World.


Take a look to see who owns and prints the dollar. How long do you think the Rothchilds will cover you?

The world doesn't trust China or Russia not to manipulate
their currencies whenever it proves advantageous to do so.
That's the actual reason that the Ruble or Yuan is not used
throughout the world.

Every post in this entire thread can be boiled down to those
two points plus the "I hate America crowd comments."[/quote]

And trust the American Govenment.... printing toile paper, never to be paid back?
You seem to dream alot lately Billy!

How many Trillions dept you have printed and you owe around the world to the holders of that dept?

I understand that USA has no intention paing tha large DEPT.Have ypu read what happen last week aginst the dollar and btw what youdo export nOW? Bombs in Ukraine...   :dh: :'( :popcorn:

You seem to have a problem understanding the real role of the 900 USA  bases
around the globe and also you forgot that In 1944, following the Bretton Woods Agreement, delegates from 44 nations formally agreed to adopt the U.S. dollar as an official reserve currency. Since then, other countries pegged their exchange rates to the dollar, which was convertible to gold at the time. so how many countries accept and peg their currency with the dollar reserve currency today?

Title: Re: De-Dollarisation.
Post by: andrewfi on January 01, 2023, 05:02:22 AM
BC, that is stuff that used to be more true than today. For example, only an imbecile would hold the US dollar as a store of value. That's a particular area where speed reduces the need for an intermediary currency.

As you cannot help but have noticed, the US dollar is becoming sidelined for energy contracts in favor of local currency deals. Again, transaction speed aids this process,albeit that larger trading partners will tend to hold counterparty currencies and carry out currency swaps when appropriate - just as happens with the dollar.

Holding a specific currency, as i am sure you will understand when you rethink your faulty thinking, provides no guarantee of the proclivity of a debtor to pay.
Title: Re: De-Dollarisation.
Post by: BC on January 01, 2023, 12:35:51 PM
Holding a specific currency, as i am sure you will understand when you rethink your faulty thinking, provides no guarantee of the proclivity of a debtor to pay.

I'm no expert but isn't ability and proclivity part of the risk assessment with currency exchange?  IIRC China has considerable foreign exchange reserves that they use to manipulate the value of the Yuan.  What am I missing?
Title: Re: De-Dollarisation.
Post by: Texan77 on January 01, 2023, 04:42:22 PM

Up until very recently, if you wanted to buy a flat/condo/house/whatever with mortgage inside of Russia, you could do it only in dollar/euro. Now that dollar has dissapeared, its Euro/Ruble.


I have a Russian friend who lives in the USA who bought an apartment in St Petersburg Russia a few months ago and paid in dollars. She was excited about how good of a deal she got. The new flat was $110,000 and it appeared to be quite large from the pictures she showed me. I do not know much more than that.

Euros or Rubles are pretty worthless in the USA also. Basically, all you can do is take them to an exchange and get ripped off.

The USA used to be the big customer who bought most of the world's oil. So, it was priced in dollars. Now the USA no longer buys that much oil.  No reason to price it in dollars but looking at it in another way, it is a strength of the country.

The USA would have a trade imbalance where we imported goods from around the world. This worked because we had a net cash positive into the country in spite of the trade imbalance. WE got allies because they could sell to the USA market.

As demographics change here and around the world this is getting to the point where it will no longer work. The USA in the not-too-distant future will import much less in the way of products. This will cause a much larger reason to not trade in dollars as the USA no longer this big customer. But understand the domino effect of this.

If we no longer buy much from Europeans, then European factories will buy less parts from China. If both the USA and Europe buys less from China, then the Chinese will buy less raw material from the developing world. If the developing world sells less, then they buy less. What we are likely looking at is a worldwide trade collapse. What trade that is left very well may not be done in dollars. But when it is all over most people will have less than they have now with the present system.

The real cause of this has nothing to do with the competition between governments but rather the collapsing populations in developed countries. The competition between countries like the war in Ukraine is only making it happen faster and short term, making the problem worse.
Title: Re: De-Dollarisation.
Post by: andrewfi on January 05, 2023, 09:06:48 AM
Holding a specific currency, as i am sure you will understand when you rethink your faulty thinking, provides no guarantee of the proclivity of a debtor to pay.

I'm no expert but isn't ability and proclivity part of the risk assessment with currency exchange?  IIRC China has considerable foreign exchange reserves that they use to manipulate the value of the Yuan.  What am I missing?

You are confused by the difference between transaction risk - will a buyer pay for goods, which has no relation to the value of a currency or the currency used for the transaction and the volume of money within an economy. They are very different and unrelated.

The value of a currency as compared to another (the exchange rate) is the price of one currency expressed in the other. A change in the value is based upon two main factors. The first factor is the amount of currency within the economy (or, more accurately, the change in the amount). An increase in the amount that is not matched by economic output is inflation as prices will always rise to ensure at all the national currency in the economy are used.

The more money in the economy that is not matched by increased output means the value of one currency in terms of the other will go down. That's a relatively long-term mode. The second major factor is sentiment, an emotional response to shorter-term changes in perception of the performance of the economy.

As you will understand, with a little thought, the risk of currency valuation changing during the settlement period is directly related to the speed at which a transaction takes place - the point I made earlier. So, if you buy an item for €100 from an economy using sterling and between the sale price being agreed upon and the payment being processed is long enough to allow the relative values of the currencies to change, then either the seller or buyer can lose out. For example, if during the settlement period, the Euro goes down by 10% relative to sterling then the buyer will have overpaid in sterling terms by 10%.

That's why an intermediary currency can be useful, assuming the intermediary currency is relatively stable over time. However, if the settlement period is rapid, (almost instant) as it can be these days, then the risk of significant changes between the currencies is much smaller, and any change that takes place is, of course, smaller. Thus the need for intermediary currencies falls away.

Do a little reading about the mechanisms being set up by economies eschewing the use of the dollar. You will note that what is being set up are mechanisms to ensure rapid settlements between economies and banks. There are also systems being set up for currency swaps whereby each economy holds currencies of its trading partners. This also reduces the risk from exchange rate variations as holding reserves of trading partners tends to reduce risk through diversification and a longer time period - a kind of shock absorber/ That's because by holding a currency that goes down in value means that trading partners can use the currency they acquire to buy the goods from trading partners are a lower price in the home economy currency - devaluation gives an effective price discount.

Please note, this is a quick explanation and simplified. There's a lot more detail to all of this, but the foregoing is the basis of what is going on.

For the US and the dollar, this is all doubleplus ungood because the US economy has for decades been based upon the ability of the Fed to export dollars, thus keeping the number of dollars in the national economy under some degree of control which keeps a lid on inflation. Dollarization means the opportunity to export inflation is reduced. Worse still, not only are 'printed' dollars kept within the national economy but unwanted dollars circulating in the global economy are repatriated to the US. Both these processes are inflationary as they increase the number of dollars within the US economy, leading to increased domestic prices.

Of course, higher prices within the US economy lead to more bad things. USAian exports get more costly in terms of the prices in the world economy, making the US even less competitive. At the same time, the imports that the US cannot manufacture and thus needs to import get more costly.

In my opinion, what we are seeing at the moment is an intermediary step before the introduction of one or more synthetic currencies based upon commodities (largely energy). That's because in a modern economy, it is energy and the ability to produce or pay for it, that determines the output of the economy. Everything we do, make or use is based ultimately upon the transformation of energy into goods and services. The synthetic currencies currently under development in the world outside of the USA recognise this fundamental point but for political reasons, such currencies will almost certainly include other commodities alongside energy. At least, a blend of commodities is the case based upon my reading on the topic.







Title: Re: De-Dollarisation.
Post by: Manny on January 07, 2023, 10:16:09 AM
Euros or Rubles are pretty worthless in the USA also. Basically, all you can do is take them to an exchange and get ripped off.

The same can be said for dollars in Europe. You'll not be using them in the UK, France, Germany, etc. You'll be directed to a money change.

I'm suspect of the apartment in US dollars story too. I think Russia has outlawed dollar usage in the main, only perhaps some black deals might be done with them, but don't kid yourself that dollar usage in Russia is anything like mainstream any more. That was twenty years ago.

I am sure Steve can clarify the likelihood of dollars being used to buy a flat in St Pete, as he lives there and has bought a few. I'd be surprised if its mainstream, but he'll know if anyone does. 
Title: Re: De-Dollarisation.
Post by: cufflinks on January 22, 2023, 02:20:08 PM
Euros or Rubles are pretty worthless in the USA also. Basically, all you can do is take them to an exchange and get ripped off.

The same can be said for dollars in Europe. You'll not be using them in the UK, France, Germany, etc. You'll be directed to a money change.

I'm suspect of the apartment in US dollars story too. I think Russia has outlawed dollar usage in the main, only perhaps some black deals might be done with them, but don't kid yourself that dollar usage in Russia is anything like mainstream any more. That was twenty years ago.

I am sure Steve can clarify the likelihood of dollars being used to buy a flat in St Pete, as he lives there and has bought a few. I'd be surprised if its mainstream, but he'll know if anyone does.

Manny 2nd Request...  What were the changes in Tallinn and Estonia that made it more problematic to reside there and/or do business there as you mentioned previously?  RSVP...

Title: Re: De-Dollarisation.
Post by: Manny on February 22, 2023, 03:27:43 PM
Cuffy, I answered this here (https://ruadventures.com/forum/index.php/topic,30184.msg544311.html#msg544311)

Quote from Putin's speech yesterday:

Quote
I would like to note that the share of the Russian ruble in our international settlements has doubled as compared to December 2021, reaching one third of the total, and including the currencies of the friendly countries, it exceeds half of all transactions.

In other words, dollar usage in Russian international trade is well less than half now. The Petrodollar is dying.
Title: Re: De-Dollarisation.
Post by: Wiz on February 23, 2023, 04:26:14 AM
Cuffy, I answered this here (https://ruadventures.com/forum/index.php/topic,30184.msg544311.html#msg544311)

Quote from Putin's speech yesterday:

Quote
I would like to note that the share of the Russian ruble in our international settlements has doubled as compared to December 2021, reaching one third of the total, and including the currencies of the friendly countries, it exceeds half of all transactions.

In other words, dollar usage in Russian international trade is well less than half now. The Petrodollar is dying.

Putin already told Merkel what happens at the end
 of the first Wedding night night!



Title: Re: De-Dollarisation.
Post by: Texan77 on February 23, 2023, 06:29:14 AM

Putin already told Merkel what happens at the end
 of the first Wedding night night!


[/center]

Gee after that comment you should not wonder why Germany sends weapons to Ukraine and is getting off Russian gas. After the wedding comes the ugly divorce. Being politically stupid is something Putin is good at.

Yes, Russia pays a huge price to make the Ruble stable. The question is how long will Russia be able to afford that price?
Title: Re: De-Dollarisation.
Post by: Wiz on February 23, 2023, 10:17:46 AM

Putin already told Merkel what happens at the end
 of the first Wedding night night!



Gee after that comment you should not wonder why Germany sends weapons to Ukraine and is getting off Russian gas. After the wedding comes the ugly divorce. Being politically stupid is something Putin is good at.

Yes, Russia pays a huge price to make the Ruble stable. The question is how long will Russia be able to afford that price?

Poor Texan you never fail to surprise me with your huge ignorance in history, international affairs and more importantly  in successful investments or other Affairs.

I suggest first you to read this post of mine to educate your self.

IS BERLIN WASHINGTON'S VASSAL UNTIL 2099? (https://ruadventures.com/forum/index.php/topic,27597.msg486763.html#msg486763)

(https://images-na.ssl-images-amazon.com/images/I/51PwbLzxH8L.jpg)

I am sure my above post will give you a big clue what came after, regarding the capitulation of Germany. Germany is an occupied country controlled by the huge number of USA Bases which hinder its further industrial expansion. Made part of NATO so you can keep an eye on them and they contribute a lot of finance under your control. They can build Submarines etc but not bombs or any ammunition.
They were clever and made a deal with the Russians to buy cheap gas….and now they destroyed by your own green puppets.

Biden destroyed the Gas pipes but whatever USA will do, has not much to offer to the world regarding Energy and you will offer the same amusement down the steps, as Biden did/does in his show off visit to Ukraine. Keep an eye on the Dollar to see how fast you will go down together with your empire. Soon Nato will not be your servant anymore.

PS: watch the FED that belongs to the British….You will pay huge price…..
The Jews started their game moves …. To make more moneyand Putin enjoys playing with it!

(https://i.dailymail.co.uk/1s/2022/03/08/15/55100139-0-image-a-6_1646754003788.jpg)

Don't forget you were warned, what will happen to you at the end of the Wedding night!
Title: Re: De-Dollarisation.
Post by: Texan77 on February 23, 2023, 11:11:53 PM
Poor Wiz, you do not see how Putin's blunders are reducing Russia from a world power into a third world country. Russia will soon have all the same qualities of North Korea.
Title: Re: De-Dollarisation.
Post by: Markje on February 24, 2023, 01:09:17 AM
Poor Wiz, you do not see how Putin's blunders are reducing Russia from a world power into a third world country. Russia will soon have all the same qualities of North Korea.

 :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:

No way Tex my man. Russia has all the resources on its own soil to avoid that.

Good food for instance, will never, ever be a problem for Russia. With lots of mild-climate farmland and plenty of wild animals, they won't have to sacrifice. And thats just 1 example.
Title: Re: De-Dollarisation.
Post by: AvHdB on February 24, 2023, 05:58:23 AM
Poor Wiz, you do not see how Putin's blunders are reducing Russia from a world power into a third world country. Russia will soon have all the same qualities of North Korea.

 :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:

No way Tex my man. Russia has all the resources on its own soil to avoid that.

Good food for instance, will never, ever be a problem for Russia. With lots of mild-climate farmland and plenty of wild animals, they won't have to sacrifice. And thats just 1 example.

Not if they start to use nuclear weapons.
Title: Re: De-Dollarisation.
Post by: Markje on February 24, 2023, 06:01:27 AM

Not if they start to use nuclear weapons.
If they resort to that, 99% of the planet will have food problems.

non-issue.
Title: Re: De-Dollarisation.
Post by: Texan77 on February 24, 2023, 06:51:06 AM
Poor Wiz, you do not see how Putin's blunders are reducing Russia from a world power into a third world country. Russia will soon have all the same qualities of North Korea.

 :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:

No way Tex my man. Russia has all the resources on its own soil to avoid that.

Good food for instance, will never, ever be a problem for Russia. With lots of mild-climate farmland and plenty of wild animals, they won't have to sacrifice. And thats just 1 example.

Just hopium. Russia is hiding all the numbers that would confirm its GDP and it exports. It claims everything is good but why are they hiding all the raw economic numbers?  Russia currency does not trader on any major exchange. Mild climate! What a joke.  Most of Russia is cold desert that does not grow anything. They have farmland in west that can grow one crop a year of winter wheat, but its yield is so low they cannot afford to build roads in the area.  Yes, the export a lot of wheat because of the amount of land available but it is at a very high cost to do so.

Well, about wild animals let's try plenty of wild and corrupt politicians. You really think 130 plus million Russians are going to eat wild animals? If it comes down to that, things in Russia would have become far worse than even I think they will become.

A problem with the war is how to beat Russia in Ukraine and not destroy it. Really nobody wants Russians to have to hunt wild animals for food. Even I hope it does not get that bad.
Title: Re: De-Dollarisation.
Post by: Wiz on February 24, 2023, 10:26:54 AM
Poor Wiz, you do not see how Putin's blunders are reducing Russia from a world power into a third world country. Russia will soon have all the same qualities of North Korea.

 :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:

No way Tex my man. Russia has all the resources on its own soil to avoid that.

Good food for instance, will never, ever be a problem for Russia. With lots of mild-climate farmland and plenty of wild animals, they won't have to sacrifice. And thats just 1 example.

Not if they start to use nuclear weapons.

Well clever boys from USA, who Know everything try to answer the following.

How many years USA has been trying to destroy Russia, organising Colour revolutions?

Russia has never threaten to use Atomic bombs. The only terrorist and criminal country to use them, twice, was The Mafia State of USA.

I would suggest to the Experts here, like Texas, to compare actual economic, population figures between the two nations and see that Russia has plenty of room to expand in every direction and space to win the race financially and other wise but at the moment we only see the USA President falling down the airplane steps.

If the American Empire is so rich why then we see so many people sleeping on the streets?

When I visited, several times, Russia and Ukraine or any other European Country, I have never seen one person sleeping on the streets.

I suggest the brainless lot to see these video before making anymore stupid comments:

The Oakland, California Homeless Problem is Beyond Belief



How Did This Happen? A Documentary About Kensington, Philadelphia


For over 45 years living in the UK, I have never seen
something similar like the above videos,
neither  when I visited Ukraine and Russia too!

Clearly a very inviting country to go and leave but I prefer to stay in UK.

Title: Re: De-Dollarisation.
Post by: cufflinks on February 24, 2023, 11:08:42 AM
Quote
Billy  take a look to see who has the right to issue Dollars!

(https://upload.wikimedia.org/wikipedia/commons/2/23/US_one_dollar_bill%2C_obverse%2C_series_2009.jpg)

You can trust the Swedes won't intentionally devaluate the
Kronar to screw over another country after a large transaction.

You can trust the USA in the same regard as well. That's the
actual reason that the US dollar is used throughout the World.


Take a look to see who owns and prints the dollar. How long do you think the Rothchilds will cover you?

The world doesn't trust China or Russia not to manipulate
their currencies whenever it proves advantageous to do so.
That's the actual reason that the Ruble or Yuan is not used
throughout the world.

Every post in this entire thread can be boiled down to those
two points plus the "I hate America crowd comments."

And trust the American Govenment.... printing toile paper, never to be paid back?
You seem to dream alot lately Billy!

How many Trillions dept you have printed and you owe around the world to the holders of that dept?

I understand that USA has no intention paing tha large DEPT.Have ypu read what happen last week aginst the dollar and btw what youdo export nOW? Bombs in Ukraine...   :dh: :'( :popcorn:

You seem to have a problem understanding the real role of the 900 USA  bases
around the globe and also you forgot that In 1944, following the Bretton Woods Agreement, delegates from 44 nations formally agreed to adopt the U.S. dollar as an official reserve currency. Since then, other countries pegged their exchange rates to the dollar, which was convertible to gold at the time. so how many countries accept and peg their currency with the dollar reserve currency today?

Wizzbanger LOLOL  At least USA Toilet Paper is Virgin Fresh Paper like your better Olive Oils...

Whereas UK, Euro/Greek Toilet Paper is USED and EU/UK being forced to reuse it again and again...

FWIW due to CBDC control freak's rumblings I am holding a large Stack of Gold and Silver Coins/Bars, My Shares in Rolls Royce RYCEY ADRs are now up 62% today in an impulsing 3rd Fractal Wave UP to the 200 Week moving average ($3.67).   I have also been adjudicated with a 60% VA C&P rating so I no longer pay any Co-Pays for anything from the VA and I now get all VA Care in Boston plus my Sildenafil (Generic Indian Viagra) for FREE whereas I paid $2,000 in copays last year! 

I will be putting my Toilet Paper Stash into BTC and ETH when it retests Harry Dents Low 3250 Crash Target (Eth will retest approx $80 then) in prep for the next major Bull Run to $500K to $1M USD exacerbated by 150 Global Central Banks CBDC Adoption fears..

Life is GOOD!

Time for a bloody Victory Cigar and Scotch, Cognac or Port Chaser!

Title: Re: De-Dollarisation.
Post by: cufflinks on February 24, 2023, 11:32:58 AM
Poor Wiz, you do not see how Putin's blunders are reducing Russia from a world power into a third world country. Russia will soon have all the same qualities of North Korea.

 :ROFL: :ROFL: :ROFL: :ROFL: :ROFL:

No way Tex my man. Russia has all the resources on its own soil to avoid that.

Good food for instance, will never, ever be a problem for Russia. With lots of mild-climate farmland and plenty of wild animals, they won't have to sacrifice. And thats just 1 example.

Not if they start to use nuclear weapons.

Well clever boys from USA, who Know everything try to answer the following.

How many years USA has been trying to destroy Russia, organising Colour revolutions?

Russia has never threaten to use Atomic bombs. The only terrorist and criminal country to use them, twice, was The Mafia State of USA.

I would suggest to the Experts here, like Texas, to compare actual economic, population figures between the two nations and see that Russia has plenty of room to expand in every direction and space to win the race financially and other wise but at the moment we only see the USA President falling down the airplane steps.

If the American Empire is so rich why then we see so many people sleeping on the streets?

When I visited, several times, Russia and Ukraine or any other European Country, I have never seen one person sleeping on the streets.

I suggest the brainless lot to see these video before making anymore stupid comments:

The Oakland, California Homeless Problem is Beyond Belief



How Did This Happen? A Documentary About Kensington, Philadelphia


For over 45 years living in the UK, I have never seen
something similar like the above videos,
neither  when I visited Ukraine and Russia too!

Clearly a very inviting country to go and leave but I prefer to stay in UK.

Wizzbuttbanging Greek Phook you out to be butt blasted without your precious vaseline for all this bull shite...  The Chinese CCP Supplied enough Precursor Chemicals for 6,000 Tons of Fentanyl and Meth last year to the Mexican Narco Terrorists and the 5 Million immigrants Beijing Joe Biden let in with NO Vetting Flooded the entire USA with these Narco Weapons killing more than 100,000 Stupid Americans and addicting MILLIONS More...  So this is a CCP long-range plan to destroy the USA from within with the Help of their CCP Elite Capture traitors...

(Biden Crime Family Inc, CCP supplied LatAm Narcos, WEF Schwab/Bloomberg/Zuckerberg/Soros & Rothschild CoL American HATING Globalists) ...

We have 50 Million plus Patriots Armed and Ammoed Up ready to take back our nation from the Beijing Biden CCP Traitors when the appropriate time comes.

WizzButtBanger Your single-minded Hatred of all things USA makes you a typical Greek Anarchist and a foreign enemy of the USA Constitution and all USA Patriots.  Phook off and Die You Greek Beatch!

Fortunately you EUians/UKians especially the Rothschild CoL Crown Colony faction that are pushing the USA to fund the UA at the CoL's direction to potentially Break Up Russia into more easily controlled puppet republics of the CoL Globalist Bankers...  are about to receive a stern attitude correction from Chairman Putin of Russia Inc.

Putin warned you his Red Line was Ukraine in NATO pointing nuclear weapons at Moscow...  You Laughed at him!  Putin took action.  Putin just warned you UK-CoL/NATO numb skulls that he is NOW POINTING HIS HYPERSONIC NUKES AT YOU!...

The UK/EU Nuclear Countdown Clock is precisely 7 Minutes which is exactly how long it will take Moscow to launch many 100 Megaton Yield ThermoNukes on new Hypersonic Missiles to hit and Vaporize the City of London and the Rothschilds CoL network of agent provocateurs actively trying to break up Russia AGAIN.

Enjoy the fruits of your CoL Labors:

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: Texan77 on February 24, 2023, 11:37:25 AM


Not if they start to use nuclear weapons.

Then Russia will be a pile of ash. Wiz, Russia implies they will use nuclear weapons often. Sorry for you, you do not understand this.





[
Title: Re: De-Dollarisation.
Post by: cufflinks on February 24, 2023, 11:54:50 AM


Not if they start to use nuclear weapons.

Then Russia will be a pile of ash. Wiz, Russia implies they will use nuclear weapons often. Sorry for you, you do not understand this.


Tex Old Boy your Russia Hating zeal is EQUAL to WizzButtBlasters USA HATING.

Stalin was ruthless but No One's FOOL...  He knew the USA is in fact more than willing to use Nukes and ThermoNukes (Hydrogen Bombs) if necessary...  Russia is so large its landmass expands across 11 Time Zones...  How many Places did Stalin Build and Provision Giant Emergency Nuclear Underground City sized bunkers with huge underground reservoirs and Graneries for both the Russian Elites and the workers and farmers the Elites will need to repopulate Russia after a Nuclear Holocaust?

USA has a bunker complex in West Virginia for Washington Political Elites Only and the USA billionaires all built private Bunkers in the remote Hawaiian Islands and New Zealand...  But you Tex are quite Royally Phooked.

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: Contrarian on February 24, 2023, 12:03:19 PM


Not if they start to use nuclear weapons.

Then Russia will be a pile of ash. Wiz, Russia implies they will use nuclear weapons often. Sorry for you, you do not understand this.


Tex Old Boy your Russia Hating zeal is EQUAL to WizzButtBlasters USA HATING.

Stalin was ruthless but No One's FOOL...  He knew the USA is in fact more than willing to use Nukes and ThermoNukes (Hydrogen Bombs) if necessary...  Russia is so large its landmass expands across 11 Time Zones...  How many Places did Stalin Build and Provision Giant Emergency Nuclear Underground City sized bunkers with huge underground reservoirs and Graneries for both the Russian Elites and the workers and farmers the Elites will need to repopulate Russia after a Nuclear Holocaust?

USA has a bunker complex in West Virginia for Washington Political Elites Only and the USA billionaires all built private Bunkers in the remote Hawaiian Islands and New Zealand...  But you Tex are quite Royally Phooked.

(Attachment Link)


None of us want to see things come to this, however you as a former Nuclear submariner should know that in all probability that if Russia launches Nukes at the west, then Moscow will be a nuclear wasteland as will be the HQ of the Russian military.

I don't know how many people will be left alive to try to survive without decent food when all of the radioactive clouds drop radioactive ash on farmlands and farm animals, making much of the planet a desolate wasteland.

Quite frankly if the WA DC politicians do manage to survive in some nuclear bunker, when they come out, who is going to work for them or take orders from them?

I suspect whoever is leading the remaining zombies will have orders to torture and kill each and every politician and other insider who got us into this mess.

So they won't benefit at all from their evil actions, now will they? Your response would be interesting.  :coffeeread:
Title: Re: De-Dollarisation.
Post by: Wiz on February 24, 2023, 12:58:56 PM
Quote
Billy  take a look to see who has the right to issue Dollars!

(https://upload.wikimedia.org/wikipedia/commons/2/23/US_one_dollar_bill%2C_obverse%2C_series_2009.jpg)

You can trust the Swedes won't intentionally devaluate the
Kronar to screw over another country after a large transaction.

You can trust the USA in the same regard as well. That's the
actual reason that the US dollar is used throughout the World.


Take a look to see who owns and prints the dollar. How long do you think the Rothchilds will cover you?

The world doesn't trust China or Russia not to manipulate
their currencies whenever it proves advantageous to do so.
That's the actual reason that the Ruble or Yuan is not used
throughout the world.

Every post in this entire thread can be boiled down to those
two points plus the "I hate America crowd comments."

And trust the American Govenment.... printing toile paper, never to be paid back?
You seem to dream alot lately Billy!

How many Trillions dept you have printed and you owe around the world to the holders of that dept?

I understand that USA has no intention paing tha large DEPT.Have ypu read what happen last week aginst the dollar and btw what youdo export nOW? Bombs in Ukraine...   :dh: :'( :popcorn:

You seem to have a problem understanding the real role of the 900 USA  bases
around the globe and also you forgot that In 1944, following the Bretton Woods Agreement, delegates from 44 nations formally agreed to adopt the U.S. dollar as an official reserve currency. Since then, other countries pegged their exchange rates to the dollar, which was convertible to gold at the time. so how many countries accept and peg their currency with the dollar reserve currency today?

Wizzbanger LOLOL  At least USA Toilet Paper is Virgin Fresh Paper like your better Olive Oils...

Whereas UK, Euro/Greek Toilet Paper is USED and EU/UK being forced to reuse it again and again...

FWIW due to CBDC control freak's rumblings I am holding a large Stack of Gold and Silver Coins/Bars, My Shares in Rolls Royce RYCEY ADRs are now up 62% today in an impulsing 3rd Fractal Wave UP to the 200 Week moving average ($3.67).   I have also been adjudicated with a 60% VA C&P rating so I no longer pay any Co-Pays for anything from the VA and I now get all VA Care in Boston plus my Sildenafil (Generic Indian Viagra) for FREE whereas I paid $2,000 in copays last year! 

I will be putting my Toilet Paper Stash into BTC and ETH when it retests Harry Dents Low 3250 Crash Target (Eth will retest approx $80 then) in prep for the next major Bull Run to $500K to $1M USD exacerbated by 150 Global Central Banks CBDC Adoption fears..

Life is GOOD!

Time for a bloody Victory Cigar and Scotch, Cognac or Port Chaser!

Obviously working to US Subs for moths must have been very expensive for the USA Governemnt.

But I find amazing, a very successful investor using Sildenafil (Generic Indian Viagra), while our British NHS offer free of charge the original item to us, pensioners!!

 :party0011:
Title: Re: De-Dollarisation.
Post by: Texan77 on February 24, 2023, 01:36:04 PM

None of us want to see things come to this, however you as a former Nuclear submariner should know that in all probability that if Russia launches Nukes at the west, then Moscow will be a nuclear wasteland as will be the HQ of the Russian military.

I don't know how many people will be left alive to try to survive without decent food when all of the radioactive clouds drop radioactive ash on farmlands and farm animals, making much of the planet a desolate wasteland.

Quite frankly if the WA DC politicians do manage to survive in some nuclear bunker, when they come out, who is going to work for them or take orders from them?

I suspect whoever is leading the remaining zombies will have orders to torture and kill each and every politician and other insider who got us into this mess.

So they won't benefit at all from their evil actions, now will they? Your response would be interesting.  :coffeeread:

I do not believe Russia will use very many nuclear weapons if any. They know what would happen if they did. There are people who believe this is the beginning of ww3 and no matter the outcome of this open phase in Ukraine. They feel the war will continue after a short pause. They seem to feel the only way Russia can win ww3 is to use nuclear weapons in less populated areas on military targets and hope the west will back down. Putin play poker and bets big. He does not always win.  It is up to him how many humans survive.
Title: Re: De-Dollarisation.
Post by: cufflinks on February 25, 2023, 11:44:49 AM
My point is to point out the many innovations the Russians have made to their nuclear explosives and delivery systems and technology (From Advanced Hypersonics, Nuclear Tsunami Torpedoes, and Mega Titanium Nuclear Ballistic Hypersonic Missile Submarines) over the past 30 years.  The MASSIVE Land mass they can disperse their advanced thermo-nukes across and the fact that you City of London maniacs, who own the Fed and the USA, who want to break up Russia and Control their resources think you can just take out Moscow and then control all the spin-off Republics.  This is a total fantasy as there are 20 other major Command and Control Centers across Russia for these exact contingencies.

Allowing the desperate actor maniac in Kiev to attack Sevastapol, Moscow, Volgagrad, StP etc etc with long-range UK, USA and other insane NATO countries Missiles is recipe for total WWIII War including all weapons available.

Facts on the ground from Karkhov:

https://www.youtube.com/live/KsFIj-1qA6U

Note the MASSIVE number of Ukrainian Dead and Wounded soldiers that Zalensky callously sent to die as artillery pink mist in waves and waves of futile offensive head-on assaults against Russian entrenched ISR artillery compared to Russian casualties (Dead and Wounded).

Zalensky is hated in UA for sending all these men to die and be horribly wounded and I would not put it passed his own SBU taking Zalensky out for this horrible carnage versus negotiating peace with a superior nuclear-armed Russia.

The real issue besides this horrendous Slavic Genocide we see in front of our eyes is the complete ignorance of how the use of any Nukes, even small backpack nukes or small tactical nukes on suicide drones would rapidly escalate into Nuclear First Strike and Ballistic Missile Submarine final retaliatory strikes.  Consider the USA 5,500 Nukes, Russian 6,500 Nukes, and of course China's 300 Nukes all deployed will cause a long Nuclear Winter and severe high altitude Nuclear Fallout that will take 20,000 years of half-life poisoning the water and food chains to subside.

The fact that in the 60s and 70s we had over 30,000+ Nukes cumulatively the maniacs in DC think that only 11,000 nukes today would not result in as bad of a poisoned nuclear winter for the planet today.

I have had some young millennial psychos tell me that we should NOT be afraid of Russia - that Russia should be in Fear of US!!!  As though they are immune to nuclear radiation sickness.  Biden and his clown boy Boris Jonson are guilty of crimes against humanity for telling Actor Puppet Zalensky not to negotiate peace with Russia back in April/May 2022.  A lot of swinging dicks here on RUA Misadventures said "NO Russia would never invade Ukraine"  and now say "NO Russia will not use Nukes in this defacto WWIII".   Good Phooking Luck with that.

I am seriously thinking of taking some of my bugout funds and doing my Bucket List with a few young beautiful women as our irradiated wealth may be worthless in a few months.

Enjoy the colorful sunsets MoFos!

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: cufflinks on February 25, 2023, 01:18:22 PM

None of us want to see things come to this, however you as a former Nuclear submariner should know that in all probability that if Russia launches Nukes at the west, then Moscow will be a nuclear wasteland as will be the HQ of the Russian military.

I don't know how many people will be left alive to try to survive without decent food when all of the radioactive clouds drop radioactive ash on farmlands and farm animals, making much of the planet a desolate wasteland.

Quite frankly if the WA DC politicians do manage to survive in some nuclear bunker, when they come out, who is going to work for them or take orders from them?

I suspect whoever is leading the remaining zombies will have orders to torture and kill each and every politician and other insider who got us into this mess.

So they won't benefit at all from their evil actions, now will they? Your response would be interesting.  :coffeeread:

I do not believe Russia will use very many nuclear weapons if any. They know what would happen if they did. There are people who believe this is the beginning of ww3 and no matter the outcome of this open phase in Ukraine. They feel the war will continue after a short pause. They seem to feel the only way Russia can win ww3 is to use nuclear weapons in less populated areas on military targets and hope the west will back down. Putin play poker and bets big. He does not always win.  It is up to him how many humans survive.

May I politely suggest that you all research (ChatGPT works for this quite well) the work done by Kissinger and others in the 50s, 60s, and 70s who did in-depth scholarly works on nuclear policy in major think tanks in both the USA/UK and Mother Russia all dealt with the idea of the use of a few small tactical nukes to win battles in a small regional war?  The result of all of these theories especially when war-gamed out with professional US, UK, and Russian forces - to a one every result was that use of small tactical nukes ALWYS escalated to a full First Strike Nuclear War as neither party was sure enough of their nukes would survive a first strike in order to launch an effective retaliatory strike.

No offense Tex but the bold red words of yours above show how wrong you are and what a complete war-mongering psycho-maniac you truly are.

We were taught in Nuclear Submarine School that we drilled and went on both Ballistic and Nuclear High-Speed Fast Attack Hunter Killer patrols in the deep blue seas of the entire world in order to be such a fearsome stealth threat to any and all of our enemies no one would ever dare attack us in any way.

Who knew that our real enemies would now be in our own White House led by an Octagenarian CCP Elite Capture agent who systematically supports the CCP's Efforts to flood the USA zone with Chinese supplied Meth and Opioids and Fentanyl to addict and weaken in mind, body, and soul and kill American men and women of Military Service and Childbearing years and then force mass injections of a murder RNA (mRNA Spike Protein Poison Nanoparticles) bioweapons against all the men and women of the USA and EU to cause over 100 proven SEVERE adverse effects including massive organ and brain clotting induced necropsy and massive infertility in both men and women.

The CCP wisely decided to exercise Zero Covid instead while the mRNA Pfizer/Moderna psycho drama mandatory mass murder and debilitation campaign raged like wildfire across the EU and five eyes Anglo nations while the African, South American, and Asian (India) countries used cheap inexpensive safe therapeutics such as Ivermentin and immunity protocols supplements (Vitamins D, C, Multi-vitamins, Quercitin, and Zinc) which were over 90% effective in preventing severe cases and deaths due to the Wuhan Gain of Function CoV2 bioweapons war.

The Chinese knew and know exactly what they are doing and have hypnotized many Euro, Anglo, USA, and LatAm countries into dealing and distributing their less costly goods due to cheap labor and Gov Subsidies arbitrage providing a proper profit for economic opportunists in the short term.

In the Long Term, the CCP knew exactly what the severe adverse effects of their Wuhan gain of function research bioweapons would be and refused to kill off their populations with mRNA lethal nano-particle delivered Spike Protein genetic mutations causing mass infertility and organs necropsy and instead have opted for natural mass immunity after contracting the various Covid19 Variants and just cremate the weaker members of their societies that do not make it, especially the elderly and sick who burden their over-stressed health care and retirement systems anyways.

Title: Re: De-Dollarisation.
Post by: AvHdB on February 25, 2023, 03:50:25 PM
Nothing like a weekend rant from Cuffy, but there is in fact some truth to what he states.
Title: Re: De-Dollarisation.
Post by: cufflinks on February 25, 2023, 05:12:12 PM
Nothing like a weekend rant from Cuffy, but there is in fact some truth to what he states.

 tiphat :thumbsup: :smoking

Off now for a few Victory Cigars at the local Man Cave with a 20 Year Tawny Port Chaser...
Title: Re: De-Dollarisation.
Post by: Texan77 on February 25, 2023, 09:41:31 PM

No offense Tex but the bold red words of yours above show how wrong you are and what a complete war-mongering psycho-maniac you truly are.

We were taught in Nuclear Submarine School that we drilled and went on both Ballistic and Nuclear High-Speed Fast Attack Hunter Killer patrols in the deep blue seas of the entire world in order to be such a fearsome stealth threat to any and all of our enemies no one would ever dare attack us in any way.

Who knew that our real enemies would now be in our own White House led by an Octagenarian CCP Elite Capture agent who systematically supports the CCP's Efforts to flood the USA zone with Chinese supplied Meth and Opioids and Fentanyl to addict and weaken in mind, body, and soul and kill American men and women of Military Service and Childbearing years and then force mass injections of a murder RNA (mRNA Spike Protein Poison Nanoparticles) bioweapons against all the men and women of the USA and EU to cause over 100 proven SEVERE adverse effects including massive organ and brain clotting induced necropsy and massive infertility in both men and women.

The CCP wisely decided to exercise Zero Covid instead while the mRNA Pfizer/Moderna psycho drama mandatory mass murder and debilitation campaign raged like wildfire across the EU and five eyes Anglo nations while the African, South American, and Asian (India) countries used cheap inexpensive safe therapeutics such as Ivermentin and immunity protocols supplements (Vitamins D, C, Multi-vitamins, Quercitin, and Zinc) which were over 90% effective in preventing severe cases and deaths due to the Wuhan Gain of Function CoV2 bioweapons war.

The Chinese knew and know exactly what they are doing and have hypnotized many Euro, Anglo, USA, and LatAm countries into dealing and distributing their less costly goods due to cheap labor and Gov Subsidies arbitrage providing a proper profit for economic opportunists in the short term.

In the Long Term, the CCP knew exactly what the severe adverse effects of their Wuhan gain of function research bioweapons would be and refused to kill off their populations with mRNA lethal nano-particle delivered Spike Protein genetic mutations causing mass infertility and organs necropsy and instead have opted for natural mass immunity after contracting the various Covid19 Variants and just cremate the weaker members of their societies that do not make it, especially the elderly and sick who burden their over-stressed health care and retirement systems anyways.

The Chinese make as many dumb stupid choices as the USA and have huge amount internal corruption. They are not a push over, but they are not without their own problems.
Title: Re: De-Dollarisation.
Post by: Markje on February 27, 2023, 07:20:17 AM
Nothing like a weekend rant from Cuffy, but there is in fact some truth to what he states.

I thought the covid-shit was usually that, shit.

Conspiracy-nuts etc, etc. but then I came across this news:

https://www.wsj.com/articles/covid-origin-china-lab-leak-807b7b0a

I always thought the WSJ was a reasonably normal news-outfit, so that came as a surprise!

First paragraph:
Quote
WASHINGTON—The U.S. Energy Department has concluded that the Covid pandemic most likely arose from a laboratory leak, according to a classified intelligence report recently provided to the White House and key members of Congress.
Title: Re: De-Dollarisation.
Post by: andrewfi on February 27, 2023, 08:57:19 AM
Apparently, this claim is made with 'low confidence' so it is just a talking point in the propaganda campaign.

Low confidence means that the intelligence agencies have some evidence that the event they claim happened, but the evidence is inconclusive. It can also mean that the agencies are unsure of the accuracy or reliability of their sources. In either case, the agencies are not completely sure of their findings.

For comparison, what do medium confidence and high confidence mean?

Medium confidence indicates that the intelligence agencies have a good amount of evidence that their claim is accurate, but they are still not completely sure of the evidence and findings. High confidence refers to the highest level of confidence, meaning the agencies are very sure of their evidence and findings.

In essence, one can file this in the same folder as 'yellow cake uranium' and 'Iraq is building nuclear weapons'. In other words, it is bullshit. Claims that were made that were completely untrue but that were used to justify an illegal invasion and the consequent deaths of hundreds of thousands of people.

For context: According to a 2020 report by the Costs of War Project at Brown University, the estimated death toll of the Iraq War and its aftermath is between 151,000 and 166,000 direct civilian deaths, with as many as 461,000 indirect deaths due to increased violence, a lack of infrastructure and infrastructure services, displacement, and other war-related factors. Some estimates run far higher. That's what comes of believing the lies made by liars.
Title: Re: De-Dollarisation.
Post by: cufflinks on February 27, 2023, 09:43:58 AM
Nothing like a weekend rant from Cuffy, but there is in fact some truth to what he states.

I thought the covid-shit was usually that, shit.

Conspiracy-nuts etc, etc. but then I came across this news:

https://www.wsj.com/articles/covid-origin-china-lab-leak-807b7b0a

I always thought the WSJ was a reasonably normal news-outfit, so that came as a surprise!

First paragraph:
Quote
WASHINGTON—The U.S. Energy Department has concluded that the Covid pandemic most likely arose from a laboratory leak, according to a classified intelligence report recently provided to the White House and key members of Congress.

The reason why this theory of a Wuhan Lab Leak is gaining credibility is we now have Congressional Testimony under oath from Dr. Mengele Fascist Fauci and his co-conspirators that he personally funded "Gain of Function" research both directly to Wuhan Inst of Virology and indirectly through various Research Company Grants.

Keep in mind Gain of Function research splicing HIV dna into SARS dna via Crispr etc gene splicing tech and creating a mega death viral bioweapon and releasing it upon the world with a Wuhan Wet Market cover for plausible deniability is a reasonable confession of guilt and strong evidence in support of the Lab Leak source of the highly contagious (Due to ZERO prior Natural Immunity) WuFlu Covid19 SarsHivCov2 Virus.

This is why Gain of Function research is banned in USA, EU, Israel and is considered a crime against HUMANITY!

Facts do make for inconvenient TRUTHS.
Title: De-Dollarisation.
Post by: 2tallbill on March 24, 2023, 04:33:00 PM
Quote
WASHINGTON—The U.S. Energy Department has concluded that the Covid pandemic most likely arose from a laboratory leak, according to a classified intelligence report recently provided to the White House and key members of Congress.

My question: Why is the US Energy department concluding/guessing/investigating
anything about Covid? I can't see how they looped themselves into making it their
business. The USA has definitely NOT solved all the energy problems yet, so
shouldn't they try to get their own house in order first?

The USA has several top notch investigating organizations/agencies, why not let
them have a crack at investigating it first?

Title: Re: De-Dollarisation.
Post by: Texan77 on March 24, 2023, 05:23:51 PM
Quote
WASHINGTON—The U.S. Energy Department has concluded that the Covid pandemic most likely arose from a laboratory leak, according to a classified intelligence report recently provided to the White House and key members of Congress.

My question: Why is the US Energy department concluding/guessing/investigating
anything about Covid? I can't see how they looped themselves into making it their
business. The USA has definitely NOT solved all the energy problems yet, so
shouldn't they try to get their own house in order first?

The USA has several top notch investigating organizations/agencies, why not let
them have a crack at investigating it first?

I noticed that also. I am wondering what the housing and parks departments think. We have thousands of agencies in the USA maybe we should get all of them to write a report. It is better than sending money to Seattle to defund the police.
Title: Re: De-Dollarisation.
Post by: Manny on June 14, 2023, 05:50:33 AM
For anyone that doubts de-dollarisation is happening irreversibly and at at great speed now, they might want to have a read of >>this article<< (https://news.metal.com/newscontent/102194965/increasing-countries-join-%22de-dollarisation%22-amid-currency-settlement-diversification-here-are-their-various-policies-rmb-internationalisation-is-accelerating/)

One quote, in particular, stood out:

Trump says the dollar is collapsing and will soon cease to be the "world standard"

Former US President Trump said in his last speech at the National Rifle Association annual meeting in Indiana on April 14, local time, that he would turn the topic to The U.S. dollar also said that the U.S. dollar is collapsing and will soon no longer be the "world standard." If this happens, it will become the "biggest failure in 200 years" of the United States.


Title: Re: De-Dollarisation.
Post by: Markje on June 14, 2023, 06:48:57 AM
De-Dollarisation was bound to happen, even with a benign and "good" leader of world-currency (which america is not).

The world has simply no need anymore thanks to computers being able to complete transactions in seconds and calculate the correct conversion rates.
Title: Re: De-Dollarisation.
Post by: BC on June 14, 2023, 07:32:27 AM
Manny,

you did read the About section for your source website?

https://www.metal.com/about-us

Not saying it's all wrong, but instead the view of one side of a coin.

I did skim the article and don't see much there, there...  Pretty much stating what is already known with a positive twist.

Like:

Russian Deputy Prime Minister Alexander Novak said in an interview with Russian media on April 22 local time that reducing the use of US dollars and euros has become a new trend.

Russian Foreign Minister Sergey Viktorovich Lavrov recently stated that the trend of abandoning the use of US dollars for settlement in international trade and switching to domestic currency is irreversible. The divergence against the dollar has already started, not so fast yet but certainly accelerating.

Sure, trends that are primarily driven by sanctions. Low supply of dollars and Euro from exports. 

Share of RMB hit new high in Russian foreign exchange transactions in March

According to a Reuters report on March 8, sanctions against Russia by countries led by the United States have begun to weaken the dollar's decades-long dominance in international oil trade, as most oil transactions in Russia and India are already settled in other countries' currencies.

Oil and gas sales obviously skew the assessment.  China and India would of course prefer using their currency ISO dollar.. Both their currencies are down Y/Y at lows vs the dollar.

Almost everything written concluding that the dollar is down can be related to the RU UA war and not some inherent weakness of USD.


Title: Re: De-Dollarisation.
Post by: Texan77 on June 14, 2023, 10:03:53 AM
The current price of Ruble as Russia is in a war it cannot afford. This is a screen shot and is only a minute in time. The price changes every few minutes.

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: AvHdB on June 14, 2023, 10:39:03 AM
Actually as I post the Ruble has weakened a bit. In May of 2022 the Ruble was considerably weaker I recall, somewhere around 1 ~ 52. Some members made some change betting that the Ruble would strengthen.
Title: Re: De-Dollarisation.
Post by: Markje on June 14, 2023, 02:38:42 PM
This thread is not about the ruble

 :offtopic:
Title: Re: De-Dollarisation.
Post by: Manny on June 15, 2023, 05:15:42 AM
The current price of Ruble as Russia is in a war it cannot afford. This is a screen shot and is only a minute in time. The price changes every few minutes.

(Attachment Link)

Let's turn that around: The US is in a war it cannot afford. This is a screenshot and is only a minute in time. The price changes every few minutes.

[attachimg=1]
Title: Re: De-Dollarisation.
Post by: Manny on June 15, 2023, 05:22:24 AM
While we are looking at currency charts, here is a long-term Pound to Rouble.

[attachimg=1]

And a long-term Pound to Dollar.

[attachimg=2]

That Dollar is quite volatile over time, isn't it?  :prophead:
Title: Re: De-Dollarisation.
Post by: AvHdB on June 15, 2023, 06:42:09 AM
That Dollar is quite volatile over time, isn't it?  :prophead:

For myself I can not quite understand that some are challenged by the reality that if one currency goes up another HAS to come down.

As for the reality of affording a war, in my opinion it would be better in nations ‘beat there swords into ploughshares.’
Title: Re: De-Dollarisation.
Post by: andrewfi on June 15, 2023, 06:45:16 AM
worth remembering, the current dollar/ruble rate is pretty much where the Russian central bank set its target.

I'm sure that even with the current policy of removal of the dollar fro Russian trade and reserves, that the dollar rate is still important to Russia and is still targeted by the RCB.

Worth also remembering, when the underinformed talk of a posited relatively small volume in terms of Russian trade, there's a counterparty effect. So, every business or state that trades with Russia in national or non-dollar currencies,is also decreasing their own dollar usage and holdings. So,the effect is at least doubled.

This process started a couple of decades ago. In another decade,on current trends (not considering the hockey stick effect) the dollar's preeminence will be over. However,it is not likely that the dollar will cease to be a significant reserve currency.

The big effect for the united States will be its inability to export dollars to subsidise the national economy. That's going to be huge for domestic living standards and geopolitical reach.

This was avoidable, but the path was set in the early 2000s. Dollar holders are now engaged in minimising losses and risk. Given that, we can expect the dollar to fluctuate quite wildly. This will give opportunity to holders to repatriate dollars with relatively small losses and even to take profits.

I have not looked at the yuan/ruble rate over the past couple of years, but I expect that it has been relatively stable. In which case the much haunted ruble instability will not be the ruble,but the dollar.

I just looked. Ruble/yuan over 5 years is actually pretty stable.the value today is almost the same as 5 hears ago. There was a shortish period of variance that corrected.

One could do analysis to see how much the dollar varied against the ruble/yuan pair, but we can see that it is the dollar that is varying over the longer term against the more stable,and now more significant Chinese and Russian pair.
Title: Re: De-Dollarisation.
Post by: andrewfi on June 15, 2023, 06:51:00 AM
That Dollar is quite volatile over time, isn't it?  :prophead:

For myself I can not quite understand that some are challenged by the reality that if one currency goes up another HAS to come down.

As for the reality of affording a war, in my opinion it would be better in nations ‘beat there swords into ploughshares.’


That's true. Now, basic economics tells us that increasing inflation as actually a decrease in the value of the currency in the economy suffering the inflation. In that context,we know that the ruble is strengthening in value while the dollar is not.

Because the US dollar is exported and used in 3rd party trade the effect is somewhat hidden. As the dollar is used less in this way, demand for dollars will fall and hence its 'price' which is reflected in the relevant exchange rate pairs. That's going to lead to the effects noted in my previous post.
Title: Re: De-Dollarisation.
Post by: Texan77 on June 15, 2023, 10:42:45 AM
The current price of Ruble as Russia is in a war it cannot afford. This is a screen shot and is only a minute in time. The price changes every few minutes.

(Attachment Link)

Let's turn that around: The US is in a war it cannot afford. This is a screenshot and is only a minute in time. The price changes every few minutes.

(Attachment Link)

The dollar is rising against the ruble. It is the same graph just the inverse. Russia is losing.
Title: Re: De-Dollarisation.
Post by: Manny on June 16, 2023, 05:28:27 AM
The current price of Ruble as Russia is in a war it cannot afford. This is a screen shot and is only a minute in time. The price changes every few minutes.

(Attachment Link)

Let's turn that around: The US is in a war it cannot afford. This is a screenshot and is only a minute in time. The price changes every few minutes.

(Attachment Link)

The dollar is rising against the ruble. It is the same graph just the inverse. Russia is losing.

Russia is de-dollarising at great speed now. What do you imagine they are "losing"?
Title: Re: De-Dollarisation.
Post by: Texan77 on June 16, 2023, 09:28:17 AM
The current price of Ruble as Russia is in a war it cannot afford. This is a screen shot and is only a minute in time. The price changes every few minutes.

(Attachment Link)

Let's turn that around: The US is in a war it cannot afford. This is a screenshot and is only a minute in time. The price changes every few minutes.

(Attachment Link)

The dollar is rising against the ruble. It is the same graph just the inverse. Russia is losing.

Russia is de-dollarising at great speed now. What do you imagine they are "losing"?

The war and the value of their currency. Now they end up with billions Indian rupees every month that nobody wants. Not much of a deal but yes, they sold their oil. Russia currency lost a 1/3 of its value since the first of the year even against the dollar. Whatever is happening to the dollar it is not as bad as what is happening to the ruble. 

 
Title: Re: De-Dollarisation.
Post by: Manny on June 16, 2023, 09:59:46 AM
Russia is de-dollarising at great speed now. What do you imagine they are "losing"?

The war and the value of their currency. Now they end up with billions Indian rupees every month that nobody wants. Not much of a deal but yes, they sold their oil. Russia currency lost a 1/3 of its value since the first of the year even against the dollar. Whatever is happening to the dollar it is not as bad as what is happening to the ruble.

1) They are only "losing" the SMO in the Western media.

2) They are selling oil to India in UAE Dirhams.

3) The nature of de-dollarisation makes an exchange rate to the dollar largely irrelevant.

Making stuff up or thinking what you see on Yahoo is news isn't the same as discussing facts.
Title: Re: De-Dollarisation.
Post by: cufflinks on June 16, 2023, 10:12:16 AM
Just announced this morning NATO NOW ON A WAR FOOTING against the Russia/China/BRICS AXIS.

Per sober Military minds this can now easily spin out past Economic, Cyber and Kinetic war to FULL NUCLEAR MUTUAL ANNIHILATION of Russia/China, and EU/NATO.

GBP, EURO, Ruble, Yuan, & Dollar Markets post nuclear war will be quite a new paradigm.

Depending upon extent of EMP damage to the global communications/satellites/interwebs possible Bitcoin, Eth, LTC and Monero etc., may not even function.

Hence holding some gold and silver - and Guns and Ammo.
Title: Re: De-Dollarisation.
Post by: Texan77 on June 16, 2023, 11:15:37 AM
Russia is de-dollarising at great speed now. What do you imagine they are "losing"?

The war and the value of their currency. Now they end up with billions Indian rupees every month that nobody wants. Not much of a deal but yes, they sold their oil. Russia currency lost a 1/3 of its value since the first of the year even against the dollar. Whatever is happening to the dollar it is not as bad as what is happening to the ruble.

1) They are only "losing" the SMO in the Western media.

2) They are selling oil to India in UAE Dirhams.

3) The nature of de-dollarisation makes an exchange rate to the dollar largely irrelevant.

Making stuff up or thinking what you see on Yahoo is news isn't the same as discussing facts.

https://www.dw.com/en/russias-rupee-problem-risks-harming-trade-ties-with-india/a-65628922

Show me any major currency the Russian Ruble is strong against. or even stable against.
Title: Re: De-Dollarisation.
Post by: Texan77 on June 16, 2023, 01:59:33 PM
There was kind of a system going for a while, where the UAE would buy sanctions good for Russia giving Russia a need for UAE currency. Now that has been caught and I think for the most part ended what does Russia do with UAE currency?

The brics nations are basically exporter nations. When trade is done in many currencies the exporter nations will find it harder to complete transitions and trade will become riskier. Globalization is ending and there will be a large decline in trade. Populations in wealthy nations is stagnant or declining with a larger part of that population being old. Less products will be sold. What is sold very little will come from Russia or China.
Title: Re: De-Dollarisation.
Post by: Markje on June 17, 2023, 12:46:48 AM
There was kind of a system going for a while, where the UAE would buy sanctions good for Russia giving Russia a need for UAE currency. Now that has been caught and I think for the most part ended what does Russia do with UAE currency?

The brics nations are basically exporter nations. When trade is done in many currencies the exporter nations will find it harder to complete transitions and trade will become riskier. Globalization is ending and there will be a large decline in trade. Populations in wealthy nations is stagnant or declining with a larger part of that population being old. Less products will be sold. What is sold very little will come from Russia or China.

Dont kid yourself Tex,

Whilst we may be able to buy fuel from other sources and going full-on with electricity the need for food is not as easily mitigated.

Russia is one of the largest exporters of both wheat and fertilizer, making sanctioning that nearly impossible.

And thats just 1 example. Russia furthermore does not need to import stuff as they have everything they need on their own soil.
Title: Re: De-Dollarisation.
Post by: andrewfi on June 17, 2023, 10:52:14 AM
Texan77, the jizz you're spurting about matters you clearly have no understanding of.

Decades ago, an intermediary currency made sense. I've written about why that was the case right here on this forum.

I have also written, right here, about why this is less important than in the past. Although there are still some benefits to be found.

However, the situation the USA now finds itself in was self inflicted. By weaponising the one currency in the world that should not be weaponised, the USA increased the risks associated with what should be a risk-free transaction.

In that situation, it behoves all economies to reduce that risk. That's what we're seeing now. Risk reduction.

Ultimately I expect that we will see a synthetic currency. Again, I have written about this and why it will probably come to pass. That currency might, if it is linked to a basket of currencies, even include the dollar. But of course, in this context tke currencies are used as a price/value setting mechanism.
Title: Re: De-Dollarisation.
Post by: Manny on June 19, 2023, 06:31:56 AM
Decades ago, an intermediary currency made sense. I've written about why that was the case right here on this forum.

I have also written, right here, about why this is less important than in the past. Although there are still some benefits to be found.

However, the situation the USA now finds itself in was self inflicted. By weaponising the one currency in the world that should not be weaponised, the USA increased the risks associated with what should be a risk-free transaction.

In that situation, it behooves all economies to reduce that risk. That's what we're seeing now. Risk reduction.

One of my biggest suppliers in China, after a bit of nudging over time, suddenly coughed up a UK Deutsche Bank account number and sort code the other day to accept payments in GBP. Apparently, I wasn't the only non-American questioning him why we are needlessly transacting in a currency that belongs to neither of us. He now also takes Euros, RMB and Hong Kong Dollars too. He is still taking USD for those that want to use it, but agrees it's a relic of years gone by that is more habit than necessity.
Title: Re: De-Dollarisation.
Post by: 2tallbill on June 19, 2023, 08:05:32 AM
He is still taking USD for those that want to use it, but agrees it's a relic of years gone by that is more habit than necessity.

Why didn't you say that to start with, it's only habit. Your supplier of cheap plastic
sewing machine parts should explain all of this to India, China and others. He should 
explain the purely altruistic intentions of China. 

Title: De-Dollarisation.
Post by: 2tallbill on June 19, 2023, 08:55:36 AM
I can't imagine that any of these BRICs expansion countries could drag down
BRICS especially if they develop a common currency (like the Euro).


From Reuters
Brazil favors bid by Venezuela to join BRICS
BRASILIA, May 29 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Monday he would support a bid by neighboring Venezuela to join the BRICS group of leading emerging nations
https://www.reuters.com/article/brazil-summit-brics-idAFS0N37802A

From TASS
Maduro says Venezuela wants to join BRICS
https://tass.com/world/1624827

The Congo, Zimbabwe and Cuba to join BRICS as well?
African Nations Re-iterate Their Request To Join BRICS Amid Ongoing Global Political Woes
https://www.republicworld.com/world-news/africa/african-nations-re-iterate-their-request-to-join-brics-amid-ongoing-global-political-woes-articleshow.html

Title: Re: De-Dollarisation.
Post by: AvHdB on June 21, 2023, 06:08:54 PM
While some statements are weak the general gist is solid.

Title: De-Dollarisation nomad capitalist
Post by: Lon on June 21, 2023, 10:52:07 PM
While some statements are weak the general gist is solid.


  I watched this vid, and debated whether to post it or not.  glad that some one did.  at the beginning of the century (2000s) America was 73% reserve currency, now 20 years later, at 58%.  20 years ago, 8% of world was under sanction, now 29% is under western sanctions. *  is there a correlation ???  ;D  he is not thinking that any single currency will be displacing the dollar, but several taking the small percentage bite out.

*double check my numbers, I am pulling from memory.
Title: Re: De-Dollarisation.
Post by: Texan77 on July 05, 2023, 04:26:08 PM
The all-mighty Ruble falls to 91 to a dollar. Down from 81 to 91 in just the last 30 days. from around 50 at the beginning of the year to 91 as Russia currency is falling fast. Maybe someone should make a video on Ruble decline.
Title: Re: De-Dollarisation.
Post by: Manny on July 06, 2023, 07:10:47 AM
116 to the £1, excellent news. Sending a few quid now.  :-*
Title: Re: De-Dollarisation.
Post by: AvHdB on July 07, 2023, 08:49:16 PM
Some of the statements are inaccurate, others a matter of standpoint. A small group are factual. I am confident Tex will enjoy this.

Title: Re: De-Dollarisation.
Post by: Markje on August 02, 2023, 07:58:44 AM
https://www.bbc.com/news/business-66379366

Hmm, Yikes!
Title: Re: De-Dollarisation.
Post by: Texan77 on August 02, 2023, 09:22:21 AM
https://www.bbc.com/news/business-66379366

Hmm, Yikes!

https://www.bing.com/search?q=fitch+for+Chinese+credit+rating&form=ANSPH1&refig=9284b210ddbf4e7faefb28ab6c74f660&pc=U531

A+
Moody's credit rating for China was last set at A1 with stable outlook. Fitch's credit rating for China was last reported at A+ with stable outlook. ( Still much less than USA )

Fitch downgraded Russia to "B" from "BBB" and placed the country's ratings on "rating watch negative". Moody's, which last week had flagged the possibility of a downgrade, also cut the country's rating by six notches, to B3 from Baa3. ( Near Junk status very risky )

https://www.bing.com/search?q=fitch+for+Russia+credit+rating&qs=n&form=QBRE&sp=-1&lq=0&pq=fitch+for+russia+credit+rating&sc=10-30&sk=&cvid=E94D2F91AA6F44B4AFD2C89B2467A936&ghsh=0&ghacc=0&ghpl=

Russia is using the same economics that Venezuela did hoping for a different outcome. Expanding social programs, Expanded military expenditures, with declining income. The question is, can Putin keep it looking good until after the Russian elections in March 2024? The Russian central banker warning it is not sustainable. Ruble failing and real inflation rate thought to be over 50 per cent year over year are just some early warning signs it will not last all that much longer. The real collapse may come in stages and not get really bad until a couple of years after the war.
Title: Re: De-Dollarisation.
Post by: rosco on August 02, 2023, 01:53:50 PM
Russia is using the same economics that Venezuela did hoping for a different outcome.

Absolute bollocks.
Title: Re: De-Dollarisation.
Post by: Manny on August 03, 2023, 05:46:32 AM
Ruble failing and real inflation rate thought to be over 50 per cent year over year

My wife is in Russia now, her first trip since before Covid. There has been some inflation, but it has calmed down now and inflation is just 3%. Your fifty percent claim is just a fantasy.
Title: Re: De-Dollarisation.
Post by: andrewfi on August 03, 2023, 07:12:45 AM
Why do people make up or promote fantasy?

Does Texan honestly think that a country could hide that level of inflation? Doesn't he understand what that level of inflation looks like?
Title: Re: De-Dollarisation.
Post by: BC on August 03, 2023, 08:39:19 AM
Why do people make up or promote fantasy?

Does Texan honestly think that a country could hide that level of inflation? Doesn't he understand what that level of inflation looks like?

Considering RU is pretty much self-sufficient as it regards housing, basic foodstuffs and energy I doubt inflation is high once weaned from western imports.  Some market segments like pharmaceuticals may be more dependent on imports and likely suffer worse from inflation due to exchange rates along with higher demand during wartime.
Title: Re: De-Dollarisation.
Post by: rosco on August 03, 2023, 09:03:14 AM
Why do people make up or promote fantasy?

Does Texan honestly think that a country could hide that level of inflation? Doesn't he understand what that level of inflation looks like?

Considering RU is pretty much self-sufficient as it regards housing, basic foodstuffs and energy I doubt inflation is high once weaned from western imports.  Some market segments like pharmaceuticals may be more dependent on imports and likely suffer worse from inflation due to exchange rates along with higher demand during wartime.

Russia appears to be one of the better performing countries globally, when it comes to inflation.

https://tradingeconomics.com/country-list/inflation-rate?continent=world
Title: De-Dollarisation.
Post by: Contrarian on August 27, 2023, 08:39:07 AM
A very interesting article.

"In June, JPMorgan, the biggest US bank, warned that “some signs of de-dollarization are emerging”.

https://www.middleeasteye.net/news/brics-challenge-western-order-middle-east-how
Title: Re: De-Dollarisation.
Post by: Texan77 on August 27, 2023, 09:21:12 PM
There are areas where de dollarization is occurring but there are other areas when the dollar is growing in popularity. The amount of trade in dollars is actually increasing keeping demand for dollars strong. Here a major Argentina president candidate is saying if he wins, he will place the whole country on dollars and do away with the Argentine currency all together.
 
Title: Re: De-Dollarisation.
Post by: Markje on August 28, 2023, 03:41:03 AM
There are areas where de dollarization is occurring but there are other areas when the dollar is growing in popularity. The amount of trade in dollars is actually increasing keeping demand for dollars strong. Here a major Argentina president candidate is saying if he wins, he will place the whole country on dollars and do away with the Argentine currency all together.
 
Meanwhile ... Argentina has joined BRICS , so his chances of winning just plummeted.
Title: De-Dollarisation. crypto coins XRP
Post by: Lon on August 28, 2023, 08:48:11 PM

 there have been several articles that stating that BRICS is going to start using XRP coin.

excerpt from one...

"XRP Grows in Prominence as BRICS Nations Look to Ditch the US Dollar. XRP's prominence soars as many countries look to ditch the U.S. dollar. Many member states of the BRICS now view the token as a viable payment option. Ripple says it is in talks with many countries who want to utilize its ledger for their CBDCs"

from 3 days ago

https://coinedition.com/xrp-grows-in-prominence-as-brics-nations-look-to-ditch-the-us-dollar/#:~:text=XRP%20Grows%20in%20Prominence%20as%20BRICS%20Nations%20Look%20to%20Ditch%20the%20US%20Dollar,-By%20Abdulrasaq%20Ariwoola&text=XRP's%20prominence%20soars%20as%20many,its%20ledger%20for%20their%20CBDCs.
Title: Re: De-Dollarisation.
Post by: Jonas! on August 29, 2023, 07:07:35 AM
There are areas where de dollarization is occurring but there are other areas when the dollar is growing in popularity. The amount of trade in dollars is actually increasing keeping demand for dollars strong. Here a major Argentina president candidate is saying if he wins, he will place the whole country on dollars and do away with the Argentine currency all together.
 

As you well know videos of that type of looting aren't uncommon here in the states as well.   
Insofar as Argentina, I can see why they would want to join BRICS, as whatever they have been doing isn't working great.   
They seem to have a deficit in their abilities regarding technology, perhaps being a part of BRICS will solidify/streamline their ability to gain some additional tech goods via China who doesn't have a shortage in the ability to supply. 

Overall, it does seem the trend is strengthening towards de-dollarization.  It can't happen overnight, but more and more trades are happening in an assortment of currencies.  In many cases these are firsts, and if the transaction winds up being a good experience, the dollar will be bypassed more and more often, which may be seen as an unnecessary cost. 
Jonas! 
Title: Re: De-Dollarisation.
Post by: Markje on October 14, 2023, 04:20:09 PM
The US's sanctions on the chipmaking industry for China may well come too late as the next generation computers (dubbed: quantum computers) are already operating far ahead of anything the west has to offer:

https://tech.slashdot.org/story/23/10/14/0438247/chinese-scientists-claim-record-smashing-quantum-computing-breakthrough

this is notoriously bad news for VPN solutions and password-bruteforcing attacks. Where once an 8-character password was deemed safe enough, that soon rose to 20 characters. Can you imagine, that ones smartphones today now have 1000x more computing power than the first huge IBM-powered mainframes. Once quantum-computers become small enough, you could well have a smart phone capable of hacking anything with brute-force that humans can think up.

If China really succeeded as claimed above, passwords must now be a thing of the past. certificate based encryption will be the only thing remotely acceptable as a security device.

Title: Re: De-Dollarisation.
Post by: andrewfi on October 15, 2023, 04:32:09 AM
Mark,you may have a point in respect of quantum computing, but the sanctions are about commodity chips.

However,as we are seeing, there's more than one way to skin a cat. The Chinese are attaining high level performance by innovating in areas that the United States did not consider. For example Huawei's Kirin 9000 chip seems to use several year old tech for creating the silicon tracks. However, they get a performance boost from the way the silicon slices are packaged. This is an area that has hitherto lacked innovation with packaging subcontracted to lowest bidders.

That may well buy time to innovate in lithography.

Its rare that economic blockades do anything to aid those doing the blockading. The sanctions simply force innovation while the imposers tend to rely on the sanctions to alleviate the need for development.
Title: Re: De-Dollarisation.
Post by: Markje on October 15, 2023, 05:10:27 AM
Mark,you may have a point in respect of quantum computing, but the sanctions are about commodity chips.

Yes, this is why quantum-computers are such a big thing in china. they don't need ordinary chips because they do not have electric currents as base, but "light" and use photons and not electrons to process information.

Thats why i said: they might be too late.
Title: Re: De-Dollarisation.
Post by: Markje on October 15, 2023, 05:23:47 AM
Mark,you may have a point in respect of quantum computing, but the sanctions are about commodity chips.

Yes, this is why quantum-computers are such a big thing in china. they don't need ordinary chips because they do not have electric currents as base, but "light" and use photons and not electrons to process information.

Thats why i said: they might be too late.
Hm, looking in on quantum computers I was wrong myself. It doesn't use light, it uses super-cooled plasma electronics. The current usable quantum computer is about the size of a car (source: ibm.com)

Here's a good place to get started on this topic: https://www.ibm.com/topics/quantum-computing
Title: Re: De-Dollarisation.
Post by: andrewfi on October 15, 2023, 05:42:17 AM
Maybe when we get to a point where quantum processing can fit inside a mobile phone. Until then, silicon all the way. That's the sector that the USA wants to control.
Title: Re: De-Dollarisation.
Post by: Contrarian on October 15, 2023, 06:07:15 AM
Andrew hopefully will like this article and perhaps he could explain it in laymen's terms as well.

https://new.thecradle.co/articles/exclusive-russian-geoeconomics-tzar-sergei-glazyev-introduces-the-new-global-financial-system
Title: Re: De-Dollarisation.
Post by: AvHdB on October 15, 2023, 07:49:41 AM

Maybe when we get to a point where quantum processing can fit inside a mobile phone. Until then, silicon all the way. That's the sector that the USA wants to control.

Does anyone foresee a possibility that silicate chips are replaced by carbon based chips?
Title: Re: De-Dollarisation.
Post by: andrewfi on October 15, 2023, 08:28:00 AM
Andrew hopefully will like this article and perhaps he could explain it in laymen's terms as well.

https://new.thecradle.co/articles/exclusive-russian-geoeconomics-tzar-sergei-glazyev-introduces-the-new-global-financial-system

I hope this helps:

Sergey Glazyev is a top economist from Russia. He was an adviser to the Russian government for several years and now looks after big economic plans for a group of countries called the Eurasia Economic Union (EAEU).

He recently wrote some important essays. In one, he talks about where he grew up in Ukraine and says that he didn’t see any anti-Russian feelings there. He mentions that he studied the Ukrainian language and culture and believes that it's closely related to Russian.

He gave an interview where he talked about big changes happening in the world of money and economics. He believes that some big countries, like the US, tried to hurt Russia financially but ended up hurting themselves. Glazyev and his team had an idea years ago to create a new kind of global money that would be based on many different currencies and things that have value, like gold or oil. He thinks this new money would be more stable.

He also wrote a book in 2016 where he predicted that the US would face challenges because of its actions against other countries and might lose its powerful position in the world.

The US, like Britain before it, is struggling to stay on top in the world. Britain lost its top spot because its old way of running things (using slaves and colonies) became outdated. The US and USSR (Russia's old form) came up with better systems and split the world into areas they controlled. But when the USSR broke apart, things started to change again. Now, the US's dominance, which relies heavily on the dollar, is also looking shaky.

Countries like China and India are using a mix of strategies, combining government planning with business growth, and they're doing really well. This is a big reason why the US might not win in the current economic war. These changes mean that the dollar won't be as important in the future.

So, what's going to happen next?

First, countries will start using their own money more, instead of the dollar or other big currencies. This shift started especially when countries saw that the US and others froze Russia's money in these big currencies. They're now looking at using their own money and gold instead.

Second, new ways to decide prices that don’t use the dollar will come up. Though there are challenges in doing this, it's still better than relying on unstable currencies like the dollar or euro. The Chinese currency (yuan) isn't ready to replace them, and using gold is difficult.

Finally, there might be a new digital currency created through international agreement. This new money will be based on many factors from each country and important goods like gold, oil, and grains. It'll be used for trading between countries, while each country will still use its own money inside its borders.

Michael Hudson asked a question: If this new system helps countries in the Global South get out of debt and rely on real goods or investments, can these loans be connected to natural resources or investments by China?

Glazyev's answer: With the new system, countries might not pay back loans in old currencies like the dollar because the US and others didn't play fair with countries like Iraq, Iran, and Russia. So, why should they? In the new system, debts in the old currencies won't matter. Countries can be part of the new system no matter how much they owe in the old ones. They can also decide how they use their resources, and if they save some resources for the new system, they'll get more benefits in return. They'll also have ways to fund trades and investments with other countries.

The Cradle's Questions and Glazyev's Responses:

On Creating a New Economic System:

Glazyev suggests Russia and other countries are moving away from the current dollar-based system due to issues like the West capturing Russian foreign exchange reserves.
Russia has started to make transactions with nations like China, Iran, Turkey, and possibly soon, India, using their national currencies instead of the dollar.
The US and European sanctions have accelerated the effort to create a new financial system. Once ready, this system's introduction might be announced at meetings like those of SCO or BRICS.

On Selling Russian Gold:

The Central Bank of Russia (CBR) followed Western advice and stopped buying gold, which harmed Russia. The CBR has now resumed gold purchases.
Glazyev believes the CBR should prioritize national interests over foreign guidelines.

On Freezing Russian Foreign Reserves:

Glazyev had previously predicted that the West would target Russia's reserves. He has long advocated for Russia to replace its foreign exchange reserves with gold.
He suspects that officials from the US and Europe played roles in imposing financial sanctions on Russia.
Differences in Economic Policy:

Glazyev contrasts his approach with that of Elvira Nabiullina, head of the CBR. While Nabiullina follows Western-driven economic guidelines, Glazyev bases his recommendations on scientific and empirical evidence.
Russia-China Partnership:

Glazyev believes Russia and China's strategic partnership is based on shared interests, especially given the challenges both countries face from the US.
He feels this partnership will last long because the countries complement each other economically and historically.
He hopes their partnership will help create a new world economic order.
In simple terms, Glazyev suggests that Russia, with the help of partners like China, is moving towards creating a new global financial system, independent of the US dollar. He emphasizes the importance of Russia's national interests and believes in a close, long-term partnership between Russia and China.




Title: Re: De-Dollarisation.
Post by: andrewfi on October 15, 2023, 08:35:07 AM
The article presented nothing with which I was not already familiar. Indeed, I have written here about the idea of a new artificial currency based on a basket of assets including gold, energy and commodities.

To my mind, as a reaction to the stupidity of the USA's weaponisation of its most important asset, breaking trust and reducing the ability to export dollars away from the national market, the proposals made by Glazyev and others along these lines make good sense.

Remembering that, at its core, money is about the price of energy, including energy in the basket makes good sense as it already has a significant weighting, albeit unofficially, in the price of currencies.

So, a relatively simple presentation of a complex topic, but, of course, almost all the relevant detail is missing from the article.
Title: Re: De-Dollarisation.
Post by: Markje on October 15, 2023, 09:23:30 AM

Maybe when we get to a point where quantum processing can fit inside a mobile phone. Until then, silicon all the way. That's the sector that the USA wants to control.

Does anyone foresee a possibility that silicate chips are replaced by carbon based chips?
Not to my knowledge. Carbon-based is a long way off from being production-ready right now. I do see it in the future for "bio-tech" where people wear biologicly-enhanced implants that never need to be replaced, like "pace-makers" for your heart or perhaps even fully-artificial organs.

We already have pace-makers that can draw its battery-power from the body itself without need of replacing batteries every once in a while like 'old tech' pace-makers.
Title: Re: De-Dollarisation.
Post by: Contrarian on October 15, 2023, 11:21:37 AM
Thanks Andrew for your input. I already gathered about as much as you just wrote above by my own reading of the article.

It seems to me that the people controlling the USA are extremely arrogant and suicidal and are only capable of destroying things, hence they are destroying the West and have been for the past just over 100 years since in 1913 they gained control of our money supply.

They've had a good run but don't know when to stop and it doesn't seem that anyone in the USA or collective west is capable of stopping their foolishness.  :'(
Title: Re: De-Dollarisation.
Post by: Texan77 on October 16, 2023, 01:34:23 PM
India has refused to pay for the last seven shipments of oil from Russia over Russia's demand it be paid for in Chinese yuan.

https://markets.businessinsider.com/news/currencies/india-russia-oil-imports-china-yuan-dirham-currency-rupee-crude-2023-10
Title: Re: De-Dollarisation.
Post by: andrewfi on October 16, 2023, 04:04:46 PM
For context, a shipment of oil is a tanker the largest tankers hold about 2 million barrels.

India is importing about 2 million barrels each day. So, we're looking at 7 loads from 30 or so.

The article notes the Indian government is not stopping companies buying in yuan. This is a trade dispute between buyers and sellers. It costs an extra 2-3% to buy using yuan as opposed to rupees. That's a chunk of money.

Of course, there's a transaction cost when using the dollar as well.

They'll sort it out. When seen in context it ain't such a terrible thing.

Oh, it's not the last 7 shipments either. The delayed payments go back to September.
Title: Re: De-Dollarisation.
Post by: Texan77 on October 16, 2023, 05:11:48 PM
There is something you are missing here. Russia has been selling oil to India since the beginning of the war and now has little use for the Rupees it got paid in. So, it is like they nearly gave the oil away. Worldwide, the Chinese yuan counts for less than 2 per cent of world trade. The only reason this works is the Russian want to buy from China otherwise they would have the same problem with the yuan.
Title: Re: De-Dollarisation.
Post by: AvHdB on October 16, 2023, 07:40:16 PM
An ULCC transports a maximum +/- 400,000 DWT.
Title: Re: De-Dollarisation.
Post by: AvHdB on October 16, 2023, 07:59:12 PM
Oops, too late. An ULCC is an Ultra Large Crude Container and DWT refers to Dead Weight, and I assume everyone understands these abbreviations! An ULCC can carry some 327,000 DWT this translates into approximately 4 million barrels. Allot depends if the vessels transits canals such as the Suez or Panama waterways.
Title: Re: De-Dollarisation.
Post by: rosco on October 17, 2023, 02:22:54 AM
So, it is like they nearly gave the oil away.

Another day, another fantasy to fuel someones wet dream.
Title: Re: De-Dollarisation.
Post by: andrewfi on October 17, 2023, 04:28:19 PM
while in the short term, holding currency without demand for goods denominated in that currency isn't perfect, its not actually terrible.

It means that businesses grow to service and use that currency. For example, India is quite rapidly growing its consumer electronics industry. So, Indian businesses orient their production toward  Russia and transactions take place in rupees.

Of course, rupees can be exchanged for other currencies. But there's a small cost to doing so. But that's just the same as using dollars as an intermediary currency.

My guess is that russian exporters and indian importers are arguing about how those costs are managed and allocated.

However, this is why the BRICS members are setting up a new intermediary currency.

But don't forget, while Texan's link tries to give the impression of a large problem, the truth is that it isn't. Also, he misunderstood or misread the piece when he wrote his post so he misrepresented the information in the article.
Title: Re: De-Dollarisation.
Post by: Jonas! on October 17, 2023, 08:04:15 PM
while in the short term, holding currency without demand for goods denominated in that currency isn't perfect, its not actually terrible.

It means that businesses grow to service and use that currency. For example, India is quite rapidly growing its consumer electronics industry. So, Indian businesses orient their production toward  Russia and transactions take place in rupees.

Of course, rupees can be exchanged for other currencies. But there's a small cost to doing so. But that's just the same as using dollars as an intermediary currency.

My guess is that russian exporters and indian importers are arguing about how those costs are managed and allocated.

However, this is why the BRICS members are setting up a new intermediary currency.

But don't forget, while Texan's link tries to give the impression of a large problem, the truth is that it isn't. Also, he misunderstood or misread the piece when he wrote his post so he misrepresented the information in the article.

This is a very plausible explanation.   

Andrew, you seem to know a bit about finance.   Regarding rising interest rates in the US, the official line continues to be that interest rate hikes are necessary to tame inflation.  My own take on the rising rates is that fewer countries are buying our debt and the higher rates of T-bills and such are necessary in order to coax people and possible other nations into buying them.  I have some money that is maturing in November, and I can start getting 4to 8-week T-bills at around 5%.  As much as I can't stand US policies, I may find myself guilty of helping finance them if I buy the T-bills, but I do like the no risk return.    Despite what most people say about rates going back down, my own belief is that they aren't going to go down, but possibly higher because more countries aren't going to be buying up our debt because of our weaponization of the dollar and ability to confiscate assets which we have been utilizing. 
What is your opinion on the issue?  Thanks,

Jonas!   
Title: Re: De-Dollarisation.
Post by: andrewfi on October 18, 2023, 02:26:35 AM
Sorry, I'm not a financial advisor or tea leaf reader.

WRT government bonds, congrats on understanding the 'no risk' aspect. Don't forget though that that's more of an accounting convention than it is a reality. More accurately, one should refer to them as 'lowest risk' investments. They are the standard against which other investment forms are measured.

Again, not an advisor, but given that bonds reflect an estimate of the future price of money, one might expect other riskier forms of investment will also offer higher returns along with the concommitant risk.

Ask yourself what value you should place on risk avoidance in your investing strategy. That value will vary according to purpose and timing of the goals of your investments.